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Fiat buys remaining stake in Chrysler (2014)

By Damion Smy Motor Industry 03 January 2014 13:30 Fiat has purchased the remaining stake in Chrysler to become the sole owner of the US car firm. In a deal worth £2.2billion, the Italian company bought the remaining 41.46% of Chrysler from the VEBA Trust (Voluntary Employee Beneficiary Association) made up of current and former Chrysler employees. Fiat Chief Executive Sergio Marchionne says: ‘In the life of every major organisation and its people, there are defining moments that go down in the history books.

Watch: XCar tests the Pagani Huarya

Huayra means “god of the winds” in the Quechua language, hence the word's attachment to the 230 mph Pagani hypercar that debuted in 2012 with a price of $1.3 million. British outfit XCar took the company's latest to the streets for the full shakedown. XCar starts with a little history on the company before going into the trick aero bits that stay hidden when you want to go fast, and appear when you want to take a corner.

Win a race, win a 2015 Hyundai Genesis Coupe Ultimate

Want to put your track skills to the test and receive more than just the notoriety of the quickest lap time? The opportunity to win more than pride is here: Hyundai Motor America is teaming up with the Skip Barber Racing School to create the 2014 Hyundai Time Attack Challenge, and there's a 2015 Hyundai Genesis Coupe Ultimate on the line. The challenge allows students who attend a performance driving program at a Skip Barber Racing School location the opportunity to compete for the quickest lap time.