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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.

One Lap of the Web: Fake movie cars, Russian dash cams and 'Forza'

We spend a lot of time on the Internet -- pretty much whenever we're not driving, writing about or working on cars. Since there's more out there than we'd ever be able to cover, here's our daily digest of car stuff on the Web you may not otherwise have heard about. -- We all know most movie cars can be fake, but some are a step above the rest.

Design your own Caterham

Caterham Cars will soon be creating its next new vehicle, but it won't be designed by its design team. The new car will instead have the design conceived online by the public. The manufacturer of the Seven is offering every car enthusiast, irrespective of engineering skill, design experience or mechanical ability, a dream opportunity to design an all-new sports car in collaboration with Project Splitwheel.