Business digest: Subcompact cars fare poorly in crash test

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Posted: Wednesday, January 22, 2014 12:00 am | Updated: 11:12 am, Tue Mar 25, 2014.

Subcompact cars fared poorly in new crash tests performed by an insurance industry group. None of the 12 minicars tested got the highest rating of “good” from the Insurance Institute for Highway Safety. The Chevrolet Spark was the only car that earned the second-highest rating of “acceptable.” Six of the cars — including the segment’s best-seller, the Nissan Versa — got the lowest rating of “poor.” All of the cars were from the 2013 or 2014 model years.

The Italian carmaker Fiat says its acquisition of the final Chrysler stake is complete, making the U.S. car company a wholly-owned subsidiary of Fiat. Fiat SpA has been running Chrysler since 2009, but lacked full control until Fiat-Chrysler CEO Sergio Marchionne won a hard-fought deal with the minority stakeholder.

Sheryl Sandberg’s fortune surpassed $1 billion Tuesday after Facebook Inc. closed at a record high. The chief operating officer of the world’s most popular social-networking service owns about 12.3 million shares of the Menlo Park, Calif.-based company, which closed at $58.51 in New York. Her stake is valued at about $750 million. Sandberg, 44, authored the best-selling book “Lean In.”

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