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.

2014 Subaru WRX Concept at Frankfurt Motor Show – could be coming to the UK after all

The new Subaru WRX Concept) pictured is heading for Frankfurt and, it seems, the UK Subaru in the UK had decided that their future lay with eco cars, crossovers and other fluffy-bunny models instead of with budget supercars like the WRX. So when the next generation Subaru WRX arrived at the New York Auto Show in March it looked like it was tease for a car UK buyers could never own. But it looks like things have changed.

Fiat 500C unveil on Monday

The retro revival in the small car sector is lead by the Fiat 500 and the Mini. Both have been a success, but present different characters. The Mini is, when you get to the nitty-gritty, a very good BMW update of the original Issigonis Mini.