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Fiat might increase Chrysler stake to 51 percent before IPO, sees no merger

Fiat SpA, the Italian carmaker that owns 20 percent of Chrysler Group LLC, may boost the holding to more than 50 percent before an initial public offering by the U.S. automaker, the companies' chief executive officer said. “I think it is possible.

Seat completes industry's largest solar panel installation

SEAT HAS completed construction of the largest solar panel installation in the automotive industry. The huge 'Seat al Sol' array at the firm’s Martorell plant outside Barcelona is the size of 40 football pitches and generates 15 million kilowatt hours of power per year courtesy of the reliable Spanish sunshine. The electricity produced is enough to account for a quarter of the amount needed to build a year’s allocation of Leons, reducing the factory’s energy bills significantly and saving 7,000 tonnes of CO2 per year.

PG Elektrus looking for the Tesla Roadster market

PG Elektrus aims to take over from the Tesla Roadster German manufacturer PG and designer Michael Fröhlich have created the PG Elektrus, a Lotus Elise with an electric motor. With production of the Tesla Roadster now at an end, where will the millions thousands hundreds handful of car buyers round the world looking for an electric Lotus Elise for three times the money of the donor car look for gratification? Step up the PG Elektrus.