Vintage Airguide Compass on 2040-parts.com

Fiat might increase Chrysler stake to 51 percent before IPO, sees no merger

Fiat SpA, the Italian carmaker that owns 20 percent of Chrysler Group LLC, may boost the holding to more than 50 percent before an initial public offering by the U.S. automaker, the companies' chief executive officer said. “I think it is possible.

VW will build small run of XL1 plug-in hybrid

Volkswagen will begin production of its XL1 plug-in hybrid in two years. "We want to go into series production with this car starting in 2013," VW chairman Ferdinand Piech told Automotive News Europe on Tuesday at an event in Doha, Qatar, ahead of the 2011 Qatar auto show where VW unveiled an XL1 prototype. (a href="http://www.autoweek.com/article/20130221/GENEVA/130229972">Read the latest update here announcing the XL1 hybrid's Geneva Auto Show debut).

Mitsubishi Lancer Evolution not dead, yet

Perhaps as a reward to the public for buying its Mirage,* Mitsubishi has disclosed that it will not, in fact, kill off the gravel road-loving Lancer Evolution as soon as we thought. According to Mitsubishi, the Lancer Evolution will -- at the very least -- live out the 2015 model year, with North American-spec cars going into production this July. We're fairly sure it's not going to be a hybrid, either.