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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.

Kia Soul facelift (2011) first official pictures

Kia picked the 2011 New York auto show to real the facelifted Kia Soul. As well as packing some visual scrub-ups, there's a bit of new tech too. The 2011 facelifted Kia Soul matches a six-speed manual transmission to a 1.6-litre direct-injection engine.

Porsche Macan makes UK debut in Harrods

The Porsche Macan has made its London and UK debut – in the window display of the world-famous Harrods department store. The new compact SUV will be on display in Harrods’ window until 5 February 2014, before formally arriving in UK Porsche dealerships two months later. On Bing: see pictures of the Porsche MacanPorsche Macan: 21 things we’ve learned Porsche says it chose Harrods not just because of the "cosmopolitan clientele" that frequent the Knightsbridge store, but also because the area is well known among enthusiasts hoping to spot some tasty supercars.