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Volkswagen Scirocco unveiled

By Mark Nichol First Official Pictures 03 March 2008 20:00 VW has finally taken the wraps off the new Scirocco, 15 years after killing off the last generation coupe. Due to be officially unveiled at Geneva 2008, the Golf-based Scirocco has a pleasingly similar exterior to the Iroc concept shown at the 2006 Paris Motor Show, although the concept’s space-age interior has, predictably, undergone the full production watering-down. How cynical.

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.

Clunkers claims hit $1.15 billion Monday, government says

Dealer claims for cash-for-clunkers rebates continued to climb late last week after it became clear that the program would get $2 billion in new funding. Dealers had submitted 273,077 applications totaling $1.15 billion as of Monday morning, the Department of Transportation said today. That's about $120 million above the figure of last Friday morning.