Volvo Penta 4.3 Carburetor on 2040-parts.com

Fiat to spend big, dump the Punto & revive flagging fortunes by going upmarket

Fiat Punto to be axed as Fiat moves upmarket Fiat are having a very rocky ride as the Italian economy lurchges from one crisis to another. But Sergio Marchionne has a plan to put Fiat back on track. Spending of €9 billion over the next three years is planned to revive production in Italy, rationalise the Fiat range and continue to push upmarket with Maserati and Alfa Romeo.

Chrysler says it needs another $2 billion in aid

In submitting its viability plan to the federal government on Tuesday, Chrysler asked for an additional $2 billion beyond the $7 billion in loans it sought late last year and outlined further steps to cut costs. Chrysler said it will reduce fixed costs by an additional $700 million, cut 100,000 more units of production capacity, discontinue three more model lines and sell $300 million more in assets.

Peugeot Exalt Concept Sports Saloon revealed early

The Peugeot Exalt Concept (pictured) arrives ahead of Beijing Peugeot were busy teasing the arrival of a new sports saloon concept for the 2014 Beijing Motor Show back in January, said to evoke the styling and materials of the impressive Peugeot Onyx Concept. Now, a couple of weeks ahead of the Beijing Show, we get the first photo of that concept – the Peugeot Exalt Concept – which seems to have been sent out a few days earlier than Peugeot intended in an overnight press release dated 10th April. Oh, well.