1967 Nova/chevy Ii Head Lamp Bezel Installation Kit 16 Pieces 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.

New Car Sales 2012: Big winners – and big losers

Car sales in the UK hit a four year high in 2012 with over 2 million registrations. But which were the big winners and losers? Despite the Eurozone being on the verge of imploding – and the economic outlook on the gloomy side just about everywhere – 2012 has turned in to the best year for new car registrations in the UK since 2008.

Concept Car of the Week: DeTomaso Zonda (1971)

Not satisfied in producing one of the most astonishing sports cars of the ‘60s with the Mangusta, Italian carmaker DeTomaso asserted its ambitions in 1970 by presenting an even more striking sports car, the Pantera, alongside the luxurious Deauville four-door sedan, both powered by the same Ford V8 engine. Those new gorgeous models were the work of Dutch-born Tom Tjaarda, then head of design at Ghia. Despite those amazing cars, the styling house was struggling to make a profit and that same year, Alejandro DeTomaso sold Ghia along with a large chunk of his company to Ford, which was looking for that exotic Italian touch.