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Fiat S.p.A. and Chrysler LLC confirmed today that the Italian company intends to acquire an initial 35 percent stake in the U.S. carmaker. Full story...

Fiat S.p.A. and Chrysler LLC confirmed Tuesday that the Italian company intends to acquire an initial 35 percent stake in the U.S. carmaker. Full story...

Fiat S.p.A. and Chrysler LLC confirmed Tuesday that the Italian company intends to acquire an initial 35 percent stake in the U.S. carmaker. In a joint statement, Fiat, Chrysler and Chrysler's majority shareholder Cerberus Capital Management L. Full story...

Fiat's shares have been suspended from trade ahead of the market open pending the publication of a statement , the Milan exchange Borsa Italiana said on Tuesday. Full story...

Akio Toyoda, scion of Toyota Motor Corp.'s founding family and now its next president, will bring fresh thinking and U.S. perspective to the world's top carmaker as it fights an unprecedented financial crisis. Full story...

Akio Toyoda, scion of Toyota Motor Corp.'s founding family, will be the automaker's next president. Toyoda, 52, will succeed current President Katsuaki Watanabe in June, the company said January 14. Full story...

U.S. private equity firm Cerberus Capital Management LP, owner of automaker Chrysler LLC, may cut nearly 10 percent of its worldwide staff, Financial News said citing people familiar with the situation. Full story...

Reynolds and Reynolds Co. is trying a second time to overturn an arbitration panel's award to a Connecticut Ford dealership that refused to buy a new computer server to run updated Reynolds software. On Thursday, Jan. Full story...

Petter Solberg, former World Rally Champion is going to have his first taste of the Courage-Oreca prototype in a test session that's come completely out of the blue! Full story...

Detroit -- During the 2009 North American International Auto Show (NAIAS) media days, GM greeted a select number of Canadian automotive journalists to a group interview session with GM Vice Chairman of Global Product Development, Bob Lutz. Full story...

Following the merger of Richard Petty Enterprises and Gillett Everham Motorsports the new team will be called from now on as Richard Petty Motorsports (RPM), capitalizing on the seven-time champion's marketability. Full story...

Petter Solberg, former World Rally Champion is going to have his first taste of the Courage-Oreca prototype in a test session that's come completely out of the blue! Full story...

VW's Polo is a friendly, efficient and flexible little three-door or five-door model that brings its owners plenty of style and selection. Currently available in 3 distinct trim levels, Polo been a familiar model to European shoppers since the seventies. Full story...

Seems like mounting pressure from the expanding Mitsubishi Lancer lineup has managed to squeeze a tweaked-up WRX out of Subaru's Impreza range. Perhaps Mitsubishi intended their 237 horsepower Lancer Ralliart to cut the WRX's grass by offering more power and gadgets. Subaru's ensuing defense play maintains power dominance in the 'PlayStation' car market, and gives shoppers a new sub-STI model called the "WRX 265" to consider. It doesn't offer a twin-clutch gearbox or Super All Wheel Control, but it does have nearly 30 more horsepower to compensate. Full story...

Thirty-eight-year-old Scott Riggs will join the newly formed Tommy Baldwin Racing team for this year's NASCAR Sprint Cup. Full story...

Pre-season testing resumed on three different European circuits on Tuesday. Ferrari was in action at the Mugello, BMW-Sauber shook down its new car in Valencia while four other teams gathered at the Algarve Motor Park in Portimao. Full story...

Seems like mounting pressure from the expanding Mitsubishi Lancer lineup has managed to squeeze a tweaked-up WRX out of Subaru's Impreza range. Perhaps Mitsubishi intended their 237 horsepower Lancer Ralliart to cut the WRX's grass by offering more power and gadgets. Subaru's ensuing defense play maintains power dominance in the 'PlayStation' car market, and gives shoppers a new sub-STI model called the "WRX 265" to consider. It doesn't offer a twin-clutch gearbox or Super All Wheel Control, but it does have nearly 30 more horsepower to compensate. Full story...

Suzuki is a small company that usually builds small cars. Actually, the brand is quite popular in Japan, but its dealer network and range of vehicles is pretty limited in North America. For the last few years, Suzuki has been counting on outsiders to provide them with models to populate their showrooms. Full story...

Bernie Ecclestone and Flavio Briatore, two of Formula 1's most senior figures, have issued critical appraisals of Honda's recent approach to the sport. Full story...

At the Portimao test circuit on Monday, the controversial new energy-reuse technology KERS remained close to the lips of formula one directors. Full story...