Arias Pistons 12.5:1 Compression 82mm Bore Honda B-series 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.

Volvo launches plan to spread servicing costs

Volvo has launched a new website allowing owners of Volvos up to 48 months old the opportunity to purchase a Volvo Service Plan, via either a one-off payment or a fixed monthly fee. It works in a similar way to car insurance, where you have a choice of either paying monthly or upfront. The pre-paid service plans cover any service carried out on Volvos up to six years of age and up to a maximum of ten scheduled services.

BMW 7-series facelift (2012) first pictures

BMW has given the 7-series the mildest of mid-life facelifts for 2012 – with a series of cosmetic tidy-ups, fettled engines, extra kit and the UK's first hybrid 7-series. The ActiveHybrid7 isn't the most expensive 7-series (that's the 760Li at £101,805), but at £66,040 the petrol-electric saloon is some £8k pricier than the biggest-selling 730d. As the diesel is also cleaner and more economical, we suspect the hybrid Seven will remain a niche seller over here.