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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.

Peugeot 408 GT teased ahead of Beijing 2014 debut

Peugeot will show a new concept car at the 2014 Beijing Motor Show this April, hinting at a small four-door coupe that could rival the Mercedes-Benz CLA. The prototype will most likely be based on the French firm’s current 308 hatchback – underpinned by PSA Peugeot Citroen’s latest EMP2 platform – and will continue to evolve the brand’s new design direction. On Bing: see pictures of the Peugeot 308 Find out how much a used Peugeot 308 costs on Auto Trader The concept is thought to be relevant to the Chinese market only, however, as Peugeot already sells a 408 saloon model solely in that territory, based on its older 308 hatch.

Hyundai i40 Estate: Production-ready i40 debuts in Geneva

Hyundai i40 Estate debuts in production-ready guise at Geneva The Hyundai i40 has been cropping up all over the world in the last year as a very credible contender in the D-Segment. And now – better late than never – Europe gets its own Hyundai i40. The i40 on show at Geneva this week is the one designed for Europe at Hyundai’s European Design Studios in Germany.