Hennessey Venom GT supercar and Fiat to increase its holding in Chrysler

This is the Hennessey Venom GT, set to run in public for the first time at the 2010 Goodwood Festival of Speed. The Venom GT is a supercar based on the Lotus Elise and is capable of delivering 262mph and 1000bhp.

We can wager that not much of the original Lotus could still be observed on this model. There is an entirely new rear subframe gathering that’s necessary to fit the V8 and six-speed gearbox into the small car. A facility in Silverstone, England, finished the adjustments to the Elise chassis before Hennessey Performance in Texas did the rest of the changes. Powering the Venom GT is a twin-turbocharged version of the Corvette LS9 engine.

CEO Sergio Marchionne expects that within digit years, Fiat S.p.A. has raised its holding in Chrysler Group to 35%. Last year, as part of the deal with the US government, Fiat took an initial 20% stake.

This agreement says that Fiat crapper add 15% more in threesome tranches based on touch destined targets with the US government. Marchionne said this year, Fiat module begin increasing its stake in Chrysler. At a press conference after the group’s investor meeting last week, Marchionne said, “There are threesome steps of five percent.”