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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.

2011 Honda Jazz facelift & prices

The Honda Jazz Facelift 2011 Honda has decided it’s time to have a tweak and a fiddle with its Jazz supermini. So not only do we get treated to a Honda Jazz facelift, we also have the prospect of a Jazz Hybrid. Oh, joy.

Callaway introduces Camaro Z/28 SC652

The paint on the logo of the Chevy Camaro Z/28 isn’t even dry yet, and American tuner Callaway is already licking its chops in anticipation. The company says it can take that already-badass Z/28 and boost it to 652 hp, hence the name. To get the extra power, Callaway adds an Eaton TVS2300 supercharger to the LS7, a liquid-to-air intercooler, bigger fuel injectors, carbon injector covers, high-flow intake, low restriction exhaust, embroidered floor mats, door sill panels, badging, plaques, a Callaway key fob and a three-year, 36,000-mile warranty.