Automotive News

This section of Torque News provides the latest auto news and updates from the car manufacturers. Every day number of news stories and editorials are published here that give our readers an overview of what is happening in the automotive industry. Read this section daily to find out about new cars, vehicle reviews and car pictures. Torque News is an automotive news website by Hareyan Publishing, LLC, dedicated to covering the latest news, reviews and opinions about the car industry.

Fiat Removes All UAW Ownership of the Chrysler Group with a Full Buyout

The Chrysler Group has announced that parent company Fiat SpA will buy the remaining 41% from the UAW VEBA Trust for roughly $4.35 billion US dollars – thus removing all UAW ownership of the automaker and preventing Fiat from going an initial public offering in order to acquire the rest of the company.