Chrysler

In a two-and-a-half-hour press conference in Beirut, Lebanon, Carlos Ghosn, the former CEO of Renault and Nissan, has given a full-throated defence against the charges he was facing in Japan. Starting with an hour-long monologue to a packed conference room, Ghosn said he was detained in an "inhumane system of hostage justice" with a 99.4 per cent conviction rate.

The next step in the proposed US$50 billion ($73.5 billion) merger of Fiat Chrysler (FCA) and the PSA Group could be complete by the end of 2019. According to internal emails seen by Reuters and Automotive News, the PSA Group and FCA have formed multiple working groups to come up with a legally-binding memorandum of understanding (MOU) for the merger.

A new patent seems to confirm rumours Fiat Chrysler (FCA) is developing a new turbocharged inline six-cylinder petrol engine. Mopar Insiders has discovered a patent on the US Patent and Trademark Office website for exhaust gas recirculation system for a turbocharged petrol engine. The patent, which was approved April this year, features an explanatory diagram with a straight-six engine.

Lee Iacocca, father of the legendary Ford Mustang, has passed away due to complications related to Parkinson's disease. Born on October 15, 1924, in Allentown, Pennsylvania, Lido Anthony Iacocca was the son of Italian immigrants. His father Nicola started his working life as a hot-dog seller.

According to his lawsuit, Reid Bigland, head of US sales for Fiat Chrysler (FCA) and chief of the Ram brand, says he has been cooperating with a Securities and Exchange Commission (SEC) investigation into the company's sales reporting practices, including allegations it had wrongfully inflated numbers.