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Peterbilt and Local Motors launch online competition

Peterbilt Motors has teamed up with Local Motors to launch a new online competition, the Peterbilt Road Icon Generation 2 challenge. The challenge is to design the next generation Peterbilt Icon, using existing elements of the cab to create a more aerodynamic, modern and stylish product. Designers will have the support and feedback of Peterbilt designers and engineers throughout the submission stage.

Toll road plans 'to be scrapped'

CONTROVERSIAL plans to create the UK's first toll road for a decade are to be dropped, it was reported. Improvements to the A14 will instead be paid for by the Government, the Financial Times said. The proposed toll is part of a scheme to widen and improve a heavily congested 25-mile stretch in East Anglia which carries traffic from the port of Felixstowe to the Midlands.

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.