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Fiat to spend big, dump the Punto & revive flagging fortunes by going upmarket

Fiat Punto to be axed as Fiat moves upmarket Fiat are having a very rocky ride as the Italian economy lurchges from one crisis to another. But Sergio Marchionne has a plan to put Fiat back on track. Spending of €9 billion over the next three years is planned to revive production in Italy, rationalise the Fiat range and continue to push upmarket with Maserati and Alfa Romeo.

No more Top Gear until 2013, says Jeremy Clarkson

No new Top Gear Series until 2013 Top Gear leader Jeremy Clarkson has revealed to South African Sasha Martinengo on Ballz Radio that there won’t be a new series of Top Gear until 2013. Under normal circumstances we’d expect a new series of Top Gear to arrive in the Autumn of 2012. But it seems not.

Toyoda testimony: As automaker grew, safety suffered

Toyota Motor Corp. president Akio Toyoda plans to tell lawmakers on Wednesday that the company regrettably chased growth at the expense of safety in recent years, and he will announce steps to improve Toyota's handling of customer complaints. Toyoda's written testimony to the House Oversight and Government Reform Committee says the automaker's priorities “became confused.” “We pursued growth over the speed at which we were able to develop our people and our organization,” Toyoda says.