Garmin Gps Adapter Plugs Into Computer on 2040-parts.com

Chrysler sold in £3.76 billion deal

By Ben Whitworth Motor Industry 17 May 2007 09:38 Chrysler has been sold. In one of the biggest private equity deals seen in the automotive industry, Cerberus Capital Management has purchased 80.1% of Chrysler in a £3.76billion deal, leaving DaimlerChrysler with the remaining 19.9% stake in the loss-making company. The move marks the close of arguably the most high-profile transatlantic merger and shuts the door on Canadian car assembly giant Magna and billionaire Kirk Kerkorian, who last month offered £2.27billion for Chrysler.

BMW X4 Leaks

We have the first official photos of the BMW X4 SUV – the ‘Lifestyle’ version of the X3 – which we expect to debut at the Shanghai Motor Show this month. We have the first leaked images of the X4 that show a BMW X3 with the same sort of treatment as the X5 got to turn it in to the X6, and create what BMW like to call an SAC – a Sports Activity Coupe. Apart from the changes to the body – and less room in the back – you can expect the X4 to offer much the same under the skin as the X3 – albeit at a premium price – which will mean – for the UK at least – will mean everything from an X4 xDrive 18d SE through to an X4 xDrive 35d M Sport.

GM's Henderson says no decision yet on bankruptcy

General Motors CEO Fritz Henderson said today the company has not decided whether to file for bankruptcy protection, but that preparations continue in case such an action is necessary. "We have until June 1, and if we can't do it between now and June 1 then we do it in bankruptcy," Henderson said during a morning teleconference with journalists. Still in his first month at the helm after the March 30 departure of CEO Rick Wagoner, Henderson said he wasn't sure who would make the decision.