2014 Fiat 500 Pop on 2040-cars

Auto blog

Chrysler purchases remaining shares from VEBA Trust, announces funding plan

It's official: The Detroit Three is now The Detroit Two and The Fiat Subsidiary, Chrysler. Both the Italian carmaker and The Pentastar announced the completion of cash payments and a Memorandum of Understanding (MOU) on future payments necessary to make the Chrysler Group a wholly-owned subsidiary of Fiat. As previously detailed, Chrysler made a cash payment of $1.9 billion and Fiat North America made a cash payment of $1.75 billion to the Voluntary Employment Benefit Association (VEBA) run by the United Auto Workers union.
On top of that, Chrysler Group signed an MOU that agrees to payments of $700 million to the VEBA in four installments, the first of which was made concurrently with the other cash payments. And for you trivia mavens, the full name of the UAW is the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America. So go impress your loved ones with that nugget after you check out the press release below.

Court ruling to delay Fiat's Chrysler buyout?

We've already reported on the attempts of Fiat to purchase the remaining 41.5-percent stake in Chrysler, currently owned by the United Auto Workers' VEBA healthcare trust. And while the issues still aren't resolved, Fiat has received both a bit of good news and a bit of bad news from a Delaware judge.
The good news is that the court ruled in favor on two key arguments of Fiat's, relating to what is a fair price for the Chrysler shares. The rulings essentially slash half a billion dollars off the price of the 54,000 shares owned by VEBA, according to a report from Reuters.
The bad news is that this makes the UAW an even more difficult opponent in negotiations. Its VEBA fund is meant to cover ever escalating retiree healthcare costs, so naturally, the UAW wants to get as much money as possible. Losing a big chunk of cash isn't likely to make the union more cooperative.

2013 Fiat 500 Turbo

Diet Abarth
Try as I might, I just can't bring myself to stick to a routine of drinking diet soda. Nevermind the fact that I'm trying to cut soda out of my life altogether - every now and then, I just want the high-octane stuff, and diet simply won't do. If I'm already going to subject myself to the sweeteners and caffeine, I'm going to take the calories that go along with it.
Some people feel the same way about cars (go big or go home!), but I'm not one of them - I often see the merit in less-potent machines that automakers offer. For example, while I simply adored the Mini John Cooper Works GP that I recently tested, I still said I'd rather have a Cooper S Hardtop every day. And while the Ford Focus ST may have been crowned the winner in my hot hatch comparison test from last year, my experience in the Fiesta ST a couple of months ago reminded me yet again that less can indeed be more.