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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.

EBay exotic: 1991 Aston Martin Virage

Here we have what could best be described as a transitional model for Aston Martin. The Virage in 1989 replaced Newport-Pagnell's ancient Aston Martin V8 models, which themselves were replacements for the ancient DB series. However, it's still a hand-built Aston much in the mold of earlier models.

Consumer Reports calls out Ford mileage claims

Yet another flagship Ford technology has ended up on Consumer Reports' bad side. After roundly panning the MyFord Touch infotainment system, the magazine has now gone after EcoBoost, Ford's line of direct-injected turbocharged gasoline engines. CR went so far as to label the technology “Eco-Boast.” Me-ow.