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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.

SsangYong XIV-2 concept

The SsangYong XIV-2 concept – the second of its ‘eXciting user Interface Vehicles' [sic] – will make its debut at next month's Geneva Motor Show. The two-door, open-top crossover is an evolution of the I.DE.A designed XIV-1, shown at the Frankfurt Motor Show last year. Visually, the XIV-2 is a departure from both the previous Ssangyong KEV2 and XIV-1 concepts, with an all-new DRG featuring a simpler, more upright fascia and cleaner pulled-back headlamps – suggestive of a more production-ready front fascia.

First Sight: Peugeot 907 concept

Making its debut at the Paris Motor Show, the Peugeot 907 concept is a two-seater GT coupe, created "with reference to the past, the present and the future", and intended to transcend the Marque's values. The 907 is powered by a 6.0 litre V12 engine delivering 368 kW (500 bhp), positioned longitudinally behind the front axle. Connected by a short propshaft, it transmits its power to a six-speed sequentially controlled gearbox placed longitudinally in front of the rear axle.