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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.

Vauxhall Monza Coupe concept (2013) at Frankfurt motor show

The Vauxhall Monza coupe concept is a sign of things to come, says Vauxhall, and will be revealed at the Frankfurt Motor Show in September 2013. Vauxhall coupes are rare beasts: since the Cavalier-based Calibra of the '90s and smaller Corsa-based Tigra, we've only had the imported V8 Monaro and the Astra two-door. The low-slung Monza previews the styling and design language of future products in the Opel/Vauxhall portfolio.

New Audi A8 Hybrid at Frankfurt – on sale in 2012

2012 Audi A8 Hybrid arrives at Frankfurt Audi turned up at the Geneva Motor Show in 2012 – just a few months after the launch of the New A8 – with a fully-featured concept of an Audi A8 Hybrid. At the time we expected them to roll out the A8 with hybrid gubbins by the end of 201, but that didn’t happen. Now, Audi are bringing the A8 Hybrid to the Frankfurt Motor Show next month in full production guise, ready to go on sale in 2012.