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Fiat and Chrysler to completely merge?

Chrysler Group and Fiat Group's auto division could become a single company based in the United States, Chrysler and Fiat CEO Sergio Marchionne told an industry conference here Friday. That won't happen until after Chrysler refinances the government loans that have kept if from being profitable and holds an initial public offering, both of which Marchionne hopes will happen this year. "From a corporate governance standpoint, there's a point where separate companies make no sense.

MAZDA5 RESIDUAL PERFORMANCE IS 'BEST KEPT SECRET'

A NEW diesel version of the Mazda5 MPV has stormed onto the market with the best residuals in its class. Used car valuation expert CAP has described the 1.6-litre diesel model as a "best kept secret" and has predicted that the Sport model will retain 32 per cent of its value after three-years and 60,000-miles. The TS2 model also performs extremely well, with a 31 per cent retained value predicted.

Toyota hybrid tech looking toward the future

Toyota continues to build momentum as a leader of the hybrid industry. At an inaugural event held in Ypsilanti, Mich., the brand brought together all of the Toyota and Lexus hybrid vehicles from the Japanese, American, and European markets. In a display by Toyota representatives, presentations started with a quick look back at the infancy of the company's hybrid program, starting with the first-generation Prius in 1997.