Acdelco 21025103 Spark Plug 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.

Bugatti Veyron Grand Sport – Production starts

Production has now started on the Bugatti Veyron Grand Sport But that looks set to pick up with the latest Veyron, the Grand Sport, which has commenced production at the Bugatti factory in Molsheim this week. And to celebrate that fact, Bugatti has had a bit of a get together of Veyron owners to play with pre-production cars in Cannes this weekend, which also gives them the excuse to release some new images of the Grand Sport. Apart from Limited Edition Veyrons (like the Veyron Bleu Centenaire or the Veyron L’Edition Centenaire) the Veyron Grand Sport will be the mainstay of production from now on.

Cadillac Converj concept

Cadillac surprised the press today when it revealed a new 2+2 concept called the Converj. In his introduction to the concept, GM Vice-Chairman Bob Lutz said the vehicle was "pushing the envelope on design quality, and efficiency - everything that makes a great design great". Conceived at GM's Advanced Design studios in Coventry, UK, by a design team led by Simon Cox (Director of GM Advanced Design UK), the project was brought to realization in the US under the leadership of Dave Rand, Executive Director of GM Advanced Design.