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Chrysler-Fiat deal would spawn new look for U.S. automaker

As Chrysler LLC negotiates an alliance with Fiat S.p.A. that would satisfy the Obama administration, sources say the companies are discussing a revised ownership structure, a new board and possibly a different management team for Chrysler. Among the options being discussed is a direct role in Chrysler's operations for Fiat CEO Sergio Marchionne--possibly even the chief executive's job.

Mitsubishi plans to halt U.S. production of 3 models in August

Mitsubishi will stop making three models at its Normal, Ill., plant in August. Production of the Eclipse coupe, Eclipse Spyder and Endeavor crossover will cease, while the Galant sedan will continue to be built, said Yoichi Yokozawa, CEO of Mitsubishi Motors North America. A decision on when to end Galant production will be made later, Yokozawa said.

Renault-Nissan and Mercedes get very cosy

The Mercedes Twingo? Almost, but not quite In yet another – highly expected – sign that the future for car makers is more and more co-operation, Renault-Nissan and Daimler (Mercedes-Benz) have today announced a wide-ranging alliance which will see much of the output of each company utilised by the other. Top of the list for starters is the joint development of the platform for the next SmartForTwo which will be shared by the next generation Twingo.