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.

Nissan NV200: Nissan’s take on the London Taxi

Nissan is taking on the Black Cab market with the Nissan NV200 London Taxi, expected to go on sale in 2014 from around £30k. It may not be the biggest market in the car world, but the profile of the London Taxi makes it a worthwhile target for car makers. Mercedes recently took on the traditional Black Cab with their Vito-based taxi and did a very good job – but at a price; the Mercedes Vito Cab costs around £42k, almost £10k more than the traditional London Taxi.

Chevrolet Aveo RS at Detroit motor show 2010

By Tim Pollard First Official Pictures 11 January 2010 00:01 Chevrolet showed off its new go-faster rollerskate, the Chevy Aveo RS concept, at the 2010 North American International Auto Show (NAIAS). It's not that far-flung a show car, being based on the regular or garden Aveo – but pumped up with a sporty 1.4-litre turbocharged engine. As transplants go, this is the future of performance cars even in the US, say GM types.