In a move that will create the world’s seventh-largest car company once it’s signed off, Fiat announced that it has purchased Fiat now owns 100 percent of Chrysler. (Photo: Fiat) the remaining…

Fiat now owns 100 percent of Chrysler

In a move that will create the world's seventh-largest car company once it's signed off, Fiat announced that it has purchased the remaining 41 percent of Chrysler shares that it did not already own.

The agreement, worth about $4.3 billion total, comes after a long series of negotiations with Veba, the UAW-affiliated healthcare trust that currently owns the remaining Chrysler shares. The UAW (United Automobile, Aerospace and Agricultural Implement Workers of America) represents 390,000 active workers and 600,000 retired workers in the US, Canada and Puerto Rico, with Veba looking after the benefits of 117,000 retired Chrysler workers and their dependents.

Fiat CEO Sergio Marchionne called the deal "one of those defining moments that will go down in history books" and said he plans to widen the company's global reach. Robert Naftaly, the chair of the committee that governs Veba said, "This agreement is in the best interests of the trust's UAW Chrysler retiree members and Read Full Story
Nissan will be showing a trio of concept cars at the 2014 North American International Auto Show in Detroit, one of which is making 2014 Nissan Sport Sedan Concept (Photo: Nissan) its world debut at the…

Nissan reveals Sport Sedan Concept teaser ahead of Detroit

Nissan will be showing a trio of concept cars at the 2014 North American International Auto Show in Detroit, one of which is making its world debut at the show. According to Nissan's press materials the new Sport Sedan Concept will offer "an advanced look at a future production vehicle." It will be joined by the Nissan IDx Freeflow and IDx NISMO concepts, which drew plenty of attention when they debuted at the recent Tokyo Motor Show.

While Nissan didn't provide much detail about the Sport Sedan Concept when it released the teaser image, it's expected that the "future production vehicle" the concept hints at is in fact the next-generation Maxima. The current Maxima was introduced in 2008 for the 2009 model year, which means that it predates much of the company's current styling language.

The Sport Sedan Concept, according to Nissan, previews "a new energetic design direction that amplifies Nissan's legendary approach of applying sports car principles to a sedan." The Read Full Story
You’d think that a week in a relatively simply subcompact would be boring, but the 2014 Toyota Yaris was anything but. And Photo: Trevor Hofmann, Canadian Auto Press no, my tester wasn’t the…

2014 Toyota Yaris Road Test Review

You'd think that a week in a relatively simply subcompact would be boring, but the 2014 Toyota Yaris was anything but. And no, my tester wasn't the 414-hp Yaris Hybrid-R Concept that's been wowing attendees at auto shows in recent months, but rather a bone stock mid-pack Yaris LE Hatchback with (yes, sigh) an automatic transmission.

It would have certainly been more engaging with a five-speed manual, the standard transmission offered, the optional choice being a four-speed automatic sans manual mode, but somehow this little tike put a smile on my face every time I took to a set of winding corners. Putting throttle to the floor won't exactly pin you to the back of your seat, but the Yaris' 16-valve, DOHC, 1.5-litre four-cylinder's 106 horsepower and 103 lb-ft of torque definitely made light work out of the Yaris Hatchback's 1,020 kilo mass, which is part of the reason why it felt so good in the curves. Again, nothing radical at all under the floorboards, just MacPherson struts Read Full Story
Chicago is a great town. No doubt many Canadian hockey fans disagree, only considering their hatred of the gritty, talented, Photo: Trevor Hofmann, Canadian Auto Press oft-winning Blackhawks, but if you…

2014 Ford Taurus SHO Road Test Review

Chicago is a great town. No doubt many Canadian hockey fans disagree, only considering their hatred of the gritty, talented, oft-winning Blackhawks, but if you want a beautiful downtown filled with great architecture, including some of the tallest buildings in the U.S., fabulous food and some of the best live entertainment anywhere, there's no better place to enjoy a night out. Chicago Assembly is also home to the Ford Taurus.

There was a time not too long ago that "Made in America" was something to avoid, at least when it came to cars. Not anymore. Ford's quality, design, technology and performance are amongst the best in the industry. The Taurus is no exception. While you'll likely see many more Fiestas, Focuses and Fusions on the road than Taurus sedans, it's more a sign of today's smaller car buying practices than any indication of this large four-door's capability. The Taurus is a very good full-size sedan.

I've driven it in various trim levels with each drivetrain Read Full Story