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Fiat will buy the rest of Chrysler for $4.35 billion

Fiat has announced that it will purchase the rest of Chrysler in a deal totaling $4.35 billion. Currently, the outstanding 41.6 percent stake in the company is owned by the UAW's voluntary employee beneficiary association, or VEBA, trust. Under the terms of the deal, Fiat won't shell out all $4.35 billion.

Porsche Cayenne hits 250,000 sales

“Absolute sacrilege”, they cried, when Porsche announced it was to make an SUV. “Too ugly to drive”, said Clarkson, despite his obvious incredulity at its abilities. Yet despite its inauspicious start in life, the Porsche Cayenne has gone on to be a huge success for Porsche, and the 250,000th Porsche Cayenne has just rolled off the production line at Porsche’s Leipzig plant..

Dacia Duster (2012) priced from £8995

Renault's sub-brand Dacia will price its Duster compact SUV from just £8995 when it goes on UK sale on 28 June 2012. That puts the Duster among Ford Fiesta and Hyundai i10 prices, and around £6000-7000 less than its rivals from Skoda and Nissan. A new 4x4 for less than £9000?