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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.

Vision Gran Turismo: 18 exclusive concepts from the world's top design studios [w/Video]

After yesterday's news that Gran Turismo 6 will feature an exclusive car from BMW, it seems it's not alone, with 17 other brands creating bespoke designs for the Vision Gran Turismo project. Design teams from Alfa Romeo, Alpine, Aston Martin, Audi, BMW, Bertone, GM Design, Honda, Infiniti, Italdesign Giugiaro, JORDAN Brand, Mercedes-Benz, Nike, Nissan, Peugeot, SRT, Volkswagen and Zagato are creating models for the latest edition in the series. The project comes as a result of a collaboration between the game's creators and its design partners to celebrate the franchise's 15-year anniversary.

Ford offers trip to the summer X Games with Focus ST contest

Ford is holding a contest to get drivers interested in the new Focus ST--as if we weren't already. Ford will have driving simulators at this year's auto shows, and the person who records the fastest time will get a trip to ESPN's summer X Games. Those interested can follow the leaders at Ford's Facebook page, where all of the lap times and info will be posted.