Friday, May 1, 2009

Fiat could take majority control of Chrysler as early as 2013

Fiat Chrysler

We all know by now that Fiat will take an initial 20% stake in Chrysler in exchange for supplying the bankrupt automaker small-car platforms and fuel efficient drivetrains. Further down the road, Fiat will have the opportunity to purchase a large stake in Chrysler, upping its ownership to 35% and between 2013 and 2016, the Italian automaker can take an additional 16% share of Chrysler, bringing its total to 51% and gaining majority control. However, until Chrysler repays its loans to the U.S. Treasury, Fiat's share must be kept at 49%. For Fiat to take control of Chrysler, the crew from Auburn Hills will need to pay back over $10 billion in loans, and we remain suitable skeptical that Chrysler will be able to return the cash – particularly with new products from Fiat still 18 months away, at least.

[Source: SMH]

The world's fastest BMW coupe? 230 mph G-Power M6 Hurricane CS

G-Power M6 Hurricane CS

The G-Power crew is constantly striving to produce the most insane BMWs on the planet, combining forced induction with thoroughly revised suspensions and aerodynamics to attain completely unreasonable speeds. It's latest creation, the M6 Hurricane CS, takes the standard set by its M5-based Hurricane RS, and straps a duo of superchargers onto the 5.0-liter V10, boosting the coupe's output to 740 hp and 590 lb-ft of torque.

Combined with a remapped ECU and a titanium exhaust, along with carbon fiber seats and a few other tweaks to reduce the curb weight by around 100 pounds, the CS can run to 60 mph in 4.4 seconds, to 124 mph in 9.6 seconds, 187 in 26 seconds and on to a claimed top speed of 230 mph – making it the fastest road-going BMW coupe on Earth.

In addition to the twin superchargers and bespoke body-kit, G-Power fitted the CS with carbon ceramic brakes at all four corners, with the front discs measuring in at 380mm and clamped by six-piston calipers. A coil-over suspension with nine adjustable settings joins front and rear anti-roll bars, and for a scant 390,000 euros, it can be yours. All the details can be found in the press release below the fold.