Alfa Romeo is not for sale, Fiat chairman says

Fiat will not sell its Alfa Romeo unit and plans to relaunch the brand in the United States in late 2012, top Fiat executives said. “We would not sell Alfa even if we were offered tons of money,” Fiat chairman John Elkann told reporters at the Detroit auto show on Monday. Fiat and Chrysler CEO Sergio Marchionne said: “Alfa is part of Fiat's operational perimeter and we've already invested too much to get rid of it.” Volkswagen AG is rumored to be pursuing Alfa Romeo.

Lexus IS 300h promises unrivalled ownership costs

The new Lexus IS - launched at Detroit in January and costing from £26,495 for the IS 250 in the UK – actually offers ownership costs that eclipse diesel offerings from the likes of Jaguar, BMW, Audi and Mercedes, say Lexus. Despite the logical assumption that the complex hybrid powerplant in the IS 300h would cost more to maintain, Lexus say the opposite is true. Because it has no clutch and the starter motor and alternator are integrated they require no servicing or replacement and Lexus has fitted a timing chain instead of a timing belt, so it won’t need regular replacement either.

Future Fiat 500 and Fiat Panda imagined by design students

Students at the Royal College of Art in London were challenged to redesign the Fiat 500 and the Fiat Panda for the year 2020. Part of Fiat's "Two of a Kind" design training experience stretching out over three months, the competition attracted more than 50 entries. The design challenge was more than a competition to design the most effective exterior, as students were divided into several interdisciplinary teams and tasked with developing new solutions for the interiors and exteriors of both cars, integrating such concepts as interactivity, sustainability and global appeal into their designs.