10" Upper A Arm 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.

Video: A Caterham Supersport and a snow-covered road

Anyone born before the automakers started trying to push front-drivers on us knows that rear-wheel drive and a set of decent tires will get you just about anywhere you want to go, even in deep snow. Skeptical? Take it from EVO magazine, which posted this video of editor Henry Catchpole enjoying a Caterham Supersport in all its sideways glory.

Stinger Stuns At Detroit Motor Show

KIA has surprised the assembled crowds at the Detroit motor show with a stunning sports car concept, the GT4 Stinger. The Korean car company isn’t holding back with its new creation, as the low-slung coupe boasts rear-wheel drive, a 315 horsepower version of its current 2.0-litre turbo petrol motor and dramatic looks. Created by the firm’s Californian design studio, the GT4 Stinger is just the latest example of Kia’s determination to be seen as much more than just a value brand.