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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.

Volvo P1800 turns 50

Volvo's sporty little number - the P1800 For those of us old enough to think in black and white, the Volvo P1800 conjures up long-forgotten images of The Saint and Roger Moore. For those too young to remember, the Saint was Roger Moore’s television audition for James Bond, but the real star of the show was the Volvo P1800. Even in the early 1960s, Volvo was renowned for its solid, safe and respectable cars.

New Volvo V40 R-Design. UPDATED

We have the first photos of Volvo’s sporty take on the new V40 – the Volvo V40 R Design – ahead of a debut at the Paris Motor Show. Update: Volvo has now caught up with this story, so we’ve added a few more photos and a video. The V40 R-Design will be available as an option across all the V40′s range of engines but the Sport suspension still remains an option, not standard.