Italian automaker Fiat SpA, which currently owns 58.5 percent of Chrysler Group LLC, has taken a major step toward complete ownership of the iconic American automotive brand. The Detroit News reports that Fiat’s shareholders approved a simplified capital structure with a single class of common stock, which would make a total buy-out of Chrysler much Read on! →


Chrysler Group LLC pulled back the curtain on an exciting concept minivan at Detroit’s North American International Auto Show, reports the Wall Street Journal. The Chrysler 700C sports rounded styling unlike anything previously seen in a consumer minivan. It is unclear whether it will be produced, however. Re-thinking minivans Chrysler and Fiat SpA head Sergio Read on! →


Volvo, the Gothenburg, Sweden-based automaker owned by Chinese manufacturer Zhejiang Geely Holding Group Co., is reeling from less-than-promising auto sales numbers in North America. Volvo CEO Stefan Jacoby has sounded the partnership call. Before an audience at the Automotive News Europe World Congress in Mexico, Jacoby noted Volvo prefers to use a pre-existing North American Read on! →