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Fiat and Chrysler get in to bed together

Before Christmas the CEO of Fiat was reported as saying that he believed that the current malaise in the car market (and any other market, for that matter) would result in the rationalisation of the industry, and see just a handful of big players come out the other side. His words now seem prescient, as it has been announced today that Fiat and Chrysler have effectively entered in to a partnership. Fiat takes a 35% stake in Chrysler The partnership, with Fiat taking 35% of Chrysler, means a number of benefits for both companies.

2014 BMW 4-series convertible coming next year

The 2014 BMW 4-series convertible will feature a three-piece hard top, both four- and six-cylinder engines and an eight-speed automatic transmission when it arrives in dealerships in the first quarter of next year. The BMW 428i Convertible will cost $49,675 including destination while the 435i Convertible will start at $55,825. The new 4-series, which replaces the 3-series coupe and convertible but not the sedan, is larger in width and wheelbase than its predecessor.

Nissan to slash jobs, production after forecasting $2.9 billion loss

Reversing his profit forecast to a loss, Nissan Motor Co. CEO Carlos Ghosn entered crisis mode on Monday. Ghosn announced plans to slash 20,000 jobs, cut production by 20 percent, scale back model launches and delay new factories.