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Fiat will buy the rest of Chrysler for $4.35 billion

Fiat has announced that it will purchase the rest of Chrysler in a deal totaling $4.35 billion. Currently, the outstanding 41.6 percent stake in the company is owned by the UAW's voluntary employee beneficiary association, or VEBA, trust. Under the terms of the deal, Fiat won't shell out all $4.35 billion.

Hybrid owners sue Ford over Fusion, C-Max mpg claims

Pennsylvania car owners are suing Ford Motor Co., claiming that the 2013 Fusion hybrid and C-Max hybrid are not delivering on promised fuel-efficiency figures, according to a report from Bloomberg. Both hybrid models are advertised to return 47 mpg, but the owners say that number is inflated to seem more competitive among other midsize sedans, according to their court filing. The complaint says car owners who have submitted estimates to a fuel-economy tracking website averaged 38.5 mpg, a 10-mpg difference that can cost an additional $1,800 in fuel costs over five years, Bloomberg reports.

Algae-powered street lights eat CO2

Algae powered street lighting (great Photoshop) A French biochemist – Pierre Calleja – has developed a street lighting system using micro algae that absorbs CO2. The need to reduce CO2 in the atmosphere is contentious - to say the least – but as long as governments use CO2 as a stick to beat motorists and empty their bank accounts it’s sensible to look at ways of ‘balancing’ the CO2 emissions of cars. French biochemist Pierre Calleja thinks he’s come up with a solution that would neutralise CO2 emissions from cars by cancelling it out with his micro-algae lighting.