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.

700 medics call for car smoking ban

AROUND 700 medics and health experts are calling on the Government to ban smoking in cars carrying children ahead of a Commons vote on Monday. In a letter to the British Medical Journal (BMJ), respiratory experts said secondhand smoke was a "major cause of ill health in children", damaging the developing lungs, causing sudden infant death and leading to thousands of hospital trips every year. Signatories to the letter are being co-ordinated by Dr Nicholas Hopkinson from Imperial College London and chairman of the British Thoracic Society's chronic obstructive pulmonary disease specialist advisory group.

Hyundai reveals updated 2011 Genesis coupe range

After holding its own against more established rear-wheel-drive coupe offerings such as the Ford Mustang and the Nissan Z, Hyundai is updating its Genesis coupe for the 2011 model year. Highlighting the changes is the addition of a new 3.8 R-Spec equipment package, which previously was only available on the turbocharged four-cylinder model. Included in the R-spec package are 19-inch wheels with Bridgestone Potenza RE050A tires, Brembo brakes, a stiffened suspension, a limited-slip differential and adjustable front camber bolts.