Cerberus, Chrysler’s majority owner, is giving 35% of Chrysler to Fiat and will not receive any cash in this deal. Instead, Fiat is set to provide Chrysler with its small car platforms, powertrain and other systems in order for Chrysler to produce competitive small cars. Full press release after the jump:
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Third generation Prius retains its iconic shape while increasing the engine size and improving the fuel economy, which stands at 50MPG now. Full press release after the jump:
As rumored, Lexus has unveiled its dedicated hybrid model HS250h. Offering the fuel economy of a Prius in a more luxurious package, Lexus promises car buyers who didn’t want to drive a Toyota a hybrid of their own. Press release after the jump:
Completely reborn, the next generation SRX is no longer a wagon but a small crossover SUV. Heavily influenced by the Provoq concept from last year, Cadillac has refined its design philosophy both inside and out.
Press release after the break.
Posted by: Aram on 
Jan 20th, 2009 | 
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