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Fiat dual-clutch transmissions are planned for North American products

During the next five years, Chrysler Group's powertrain lineup will be transformed from one dominated by larger-displacement engines to one dominated by Fiat-derived four-cylinder engines, V6s and, eventually, electric vehicles. Chrysler also said Wednesday that it will add Fiat-designed dual-clutch transmissions in its North American products. The company also will launch its new Pentastar V6 engine on the 2011 Jeep Grand Cherokee in the second quarter next year, said Paolo Ferrero, Chrysler's powertrain chief.

Porsche chief Wendelin Wiedeking resigns

Porsche chairman Wendelin Wiedeking has bowed to mounting pressure in announcing that he will step down immediately. The resignation came Thursday, following a surprise meeting of the company's supervisory board at its Weissach R&D headquarters outside of Stuttgart, Germany, on Wednesday night. Wiedeking's announcement comes after months of tense and public infighting following Porsche's failed attempt to wrest control of Volkswagen, which left it with $12.7 billion in debt, and slowing sales in key markets such as North America.

Italian firm buys stake in Aston Martin

The former owner of Italian motorcycle maker Ducati has bought a 37.5-percent stake in financially strapped British car maker Aston Martin. The move means future Astons could use modern drivelines and electric architectures from Mercedes-Benz's AMG division, insiders with knowledge of the deal suggest. Private equity fund Investindustrial has signed a memorandum of understanding with current Aston Martin owner Investment Dar of Kuwait that will see it pay $240 million (150 million pounds) for the ownership stake.