Aircraft Hydraulic Cartridge B1063-054, Nsn 1650012058284 on 2040-parts.com

Chrysler bankruptcy filing said to be part of plan to seal Fiat deal

Chrysler LLC and Fiat S.p.A. are prepared to complete an alliance by Thursday that would be taken into bankruptcy court as a key element of the U.S. automaker's restructuring plan if needed, a person with direct knowledge of the situation said.

Bob Lutz reportedly to stay on at General Motors

Bob Lutz, General Motors vice chairman and internationally renowned product guru, has reversed his retirement plans and is expected to stay with the remade car company as it charts a new path out of bankruptcy. Multiple media outlets are reporting Lutz, 77, has changed course and will not retire from GM at the end of the year as he had planned. Automotive News, citing anonymous sources, says the veteran industry leader will stay on at the company, possibly in a marketing or communications role--and could have product input.

The next McLaren supercar will be called the 650S

We've known that McLaren has a pair of additional models in the works, including a Porsche 911-fighting, 12C-based sports car known only as the P13 and another car positioned between the 12C and the P1. Previously, we'd heard the code name “P15” tossed around in reference to that latter car, but McLaren has officially christened it the 650S ahead of its world debut at the upcoming Geneva motor show. According to the automaker, the 650S “takes learnings from both the 12C as well as the sell-out McLaren P1 [ed note: there has to be a better way to say that] and will be positioned between the two on McLaren Automotive's supercar grid.“ We liked the 12C, and we really, really liked the P1.