New Sasol GTC cars set for thrills

The iconic Grand Prix Circuit will present a new challenge to the GTC drivers as they tackle the country’s fastest racetrack on June 16.

Suzuki’s new Swift hatch and sedan in SA

Suzuki kicks off its new model assault with an all new Swift hatchback and standalone sedan called the Dzire.

Fiat eyes 35% of Chrysler

2009-01-20 12:47

Milan/Paris - Italy's Fiat confirmed it was in talks with Chrysler over taking a stake in its US rival.

Fiat's vice-chairman John Elkann said the company was in talks with Chrysler after reports said they could lead to the Italian carmaker buying a stake in its beleaguered US rival and the two companies looking to slash costs by combining production platforms.

The stake could be up to 35%, Automotive News Europe reported on its website.

"Between the two groups, there is talk about Chrysler possibly using Fiat technology in exchange for a stake," a source told Reuters, speaking on condition of anonymity.

The source told Reuters a deal with Fiat would help Chrysler make vehicles that produce fewer harmful emissions, improving its case for accessing US government funding.

Chrysler, the number three US-based automaker behind General Motors Corp and Ford Motor Co received $4 billion of US government loans to avert collapse and chief executive Bob Nardelli said last week it was counting on $3 billion more.


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