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Fiat buys remaining stake in Chrysler (2014)
Fri, 03 Jan 2014By 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.
Dealer's belief in Porsche led to $5 million store
Tue, 01 Jun 2010Car dealer Jack Daniels IV is used to seeing the grins on people's faces when they hear his name. And he's OK with it. "People have said, 'It's my favorite drink, so I thought I'd buy a car from you,' " says Daniels, who in April opened the largest Porsche dealership in America.
Lamborghini SUV (MLC) revealed in New York
Sat, 07 Apr 2012Lamborghini SUV: The Lamborghini MLC revealed in New York Lamborghini’s SUV – which we expect to be the Lamborghini MLC – has been revealed to a select audience at the New York Motor Show. The Lamborghini SUV is already confirmed for a reveal at the Beijing Motor Show later this month. But that hasn’t stopped Lamborghini from revealing their SUV at the New York Auto Show, albeit to just a handful of select guests.