It has been confirmed by the authorities at the Fiat SpA that they might soon attain 46% shares in the Chrysler. They have agreed to pay $1.27 billion Euros for the additional 16% shares.

PSA Peugeot Citroen, Europe’s second-biggest automaker, has reported that its sale has increased to 15.4 billion Euros from 14 billion Euros a year earlier.

Fiat’s most profitable unit, Ferrari will be launching next month its first family car, which will cost around $359,000.

Toyota Motors, the world’s biggest car manufacturer, have resumed the operations for car production at all of its plants in Japan, aftermath of earthquake and tsunami.

The global sales of Tata Motors Ltd. (TTM) revealed that the sale has been raised by 1% to 110,785 autos in comparison to the previous year.

The earthquake that hit Japan is still showing its affects on the economy.

In an official announcement, Honda Motor Co has decided to suspend all of its production in Japan till March 20 after the nation was hit by a massive earthquake.

Popular sports car brand, Spyker Cars is all set to sell one of its core businesses to a Russian businessman. The move came in as company is looking to reduce debts.