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Fiat might increase Chrysler stake to 51 percent before IPO, sees no merger

Fiat SpA, the Italian carmaker that owns 20 percent of Chrysler Group LLC, may boost the holding to more than 50 percent before an initial public offering by the U.S. automaker, the companies' chief executive officer said. “I think it is possible.

DSA and VOSA to be merged and rebranded

TWO MAJOR governmental organisations particularly familiar to motorists are to be merged and rebranded under plans to save money. In an attempt to boost service and cut costs, the Driving Standards Agency (DSA) and Vehicle and Operator Services Agency (VOSA) are being turned into a single, new organisation. Transport Minister Robert Goodwill has confirmed the new, streamlined agency will be called the Driver and Vehicle Standards Agency Mr Goodwill said that during a transition period to April 1 next year, references to the new DVSA would include a statement "incorporating DSA and VOSA".

Video: The Porsche Panamera Sport Turismo concept build process

Porsche has released a video featuring Style Director Michael Mauer charting the design process of the Panamera Sport Turismo concept. The 10-minute YouTube video, which also features General Manager Advanced Design Style Mitja Rorkert, follows the build process through each modeling phase right up until the presentation of the show car at this year's Paris motor show. "It always presents a special challenge when we develop a new kind of car for the Porsche brand," says Mauer, "precisely because we haven't been in the segment before, and the question of whether it matches the Porsche brand always looms in the background." We were impressed at the Panamera Sport Turismo concept's unveiling, particularly with its stance and detail execution, so the video is a chance to see just how this concept came into being.