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Chrysler says it needs another $2 billion in aid

In submitting its viability plan to the federal government on Tuesday, Chrysler asked for an additional $2 billion beyond the $7 billion in loans it sought late last year and outlined further steps to cut costs. Chrysler said it will reduce fixed costs by an additional $700 million, cut 100,000 more units of production capacity, discontinue three more model lines and sell $300 million more in assets.

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.

Honda confirms 'mobile desk chair'

HONDA has announced details for a new version of its existing Uni-Cub ‘personal mobility solution’ – essentially a powered office chair. The Uni-Cub β is a development of the initial concept that appeared in 2012 as a bizarre solution to mobility around typical office-based work environments, although it would seem that no one at Honda had considered that humans have legs for that. It uses an omni-directional driving wheel system derived from Honda’s research into humanoid robots like the well-known ASIMO, allowing it to move in any direction according to the weight shifts of its user.