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Fiat buys remaining stake in Chrysler (2014)

By Damion Smy Motor Industry 03 January 2014 13:30 Fiat has purchased the remaining stake in Chrysler to become the sole owner of the US car firm. In a deal worth £2.2billion, the Italian company bought the remaining 41.46% of Chrysler from the VEBA Trust (Voluntary Employee Beneficiary Association) made up of current and former Chrysler employees. Fiat Chief Executive Sergio Marchionne says: ‘In the life of every major organisation and its people, there are defining moments that go down in the history books.

Honda Odyssey has more room, more stuff

The redesigned Honda Odyssey minivan, scheduled to arrive in dealerships this fall, is lower, wider, roomier and more aerodynamic than its predecessor. It also will have more standard features and will be priced about the same as the current model. Exterior design never has been a big factor with minivans.

Mercedes-Benz recalls diesel cars for a problem with the fuel filter

Mercedes-Benz is recalling nearly 7,000 diesel vehicles from the 2011 and 2012 model years to fix a possible defect with the diesel filter that could cause it to leak fuel. Mercedes said it is concerned that a crash or a fire could ensue in the event of a fuel leak from the area around the heating component in affected vehicles. The recall will involve an estimated 6,782 vehicles.