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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.

Olympic Amy aims for rallying gold

OLYMPIC GOLD medallist Amy Williams OBE is taking on new challenge when she takes part in the Wales Rally GB that starts on 14 November. Williams will be driving a rally-prepared Mitsubishi Evo and will be co-driven by veteran expert and Sky Sports News Formula One pundit Tony Jardine. Although she had never competed in a rally until recently, Williams has had an intensive 10 weeks of training, including tuition from professional rally driver Elfyn Evans.

Electric BMW 1 Series Concept ActiveE Revealed

The BMW 1 Series ActiveE Concept BMW are ramping up their foray in to electric cars with the reveal of the BMW 1 Series Concept ActiveE which will show at the Detroit Motor Show in January, and takes the company a step further along the electric car line than the MINI E. The starting point for public trials of BMW’s i-Project (for ‘Public Trials’ read ‘We’ll get the punters to suss the problems’) was the front wheel drive MINI E which is out playing on the roads in a limited lease programme in the UK, Germany and the US. The programme has not been without problems including charging issues and poor range, but BMW are quite upfront about this being about seeing how the electric cars work in the real world.