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Fiat set to grab 51 per cent of Chrysler

Sergio Marchionne wants majority at Chrysler What a difference a couple of years makes. On May Day in 2009 we reported that Chrysler had been put in to Chapter 11 Bankruptcy and the US Government was stepping in to ease the pain with $7.5 billion (admittedly at somewhat less than mates-rates) and that the management were ‘leaving the building’. Step forward Fiat to take up a 20% stake in Chrysler and Fiat boss, Sergio Marchionne, who planned to lead Chrysler away from the dark side and in to the light, with the promise of smaller and more efficient platforms and engines.

Top Global Car Brands 2012: Toyota, Mercedes, BMW, VW, Honda, Ford & Hyundai

Interbrand has released its 2012 Top Global Brands rankings for 2012 with Toyota, Mercedes, BMW, VW and Honda the top four car brands. Last year, when we had the 2011 Top Global Brands revealed, Toyota managed to come at the top despite a year beset with the woes of the Tsunami. And for 2012, Toyota has hung on to its top automotive brand gong with a brand value of $30.28 billion.

Chevrolet Corvette C7 mule caught testing

Editor's Note: The video attached to this story has been removed from Youtube and is no longer available. Chevrolet's C7 Corvette was caught testing out on the open streets, and Autoweek has the video. From the short YouTube clip, this C7 Corvette appears to be wearing different wheels than the C7 that Autoweek published photos of earlier this year.