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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.

McLaren genius joins supercar project

By Phil McNamara Motor Industry 11 August 2006 06:49 Gordon Murray – the engineer behind the 240mph McLaren F1 – is now working on a racer that could dethrone the F1 as the ultimate lightweight supercar. Murray has joined forces with former colleagues from McLaren Cars who left to create the Caparo T1, a highly focused, ultra-lightweight sports car. Murray becomes director of advanced concepts at Caparo Vehicle Products.

Mercedes confirms SLK55 AMG’s new 5.5 V8

Mercedes has announced details of the new eight-cylinder engine that will power the upcoming SLK55 AMG. It’s a 5.5-litre lump, and AMG promises that its new naturally aspirated engine delivers not just the performance of a V8, but also the ‘economical fuel consumption of a four-cylinder’. How much power can we expect from the new SLK55 AMG’s engine?