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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.

Drivers 'concerned at lack of goodwill'

MOTORISTS have been left concerned at the lack of goodwill among other drivers during this festive period, according to research from Halfords Autocentres. The levels of ‘aggressive, impatient and inconsiderate’ driving increase at this time of year, according to the survey of an unspecified number of car owners. Nearly a quarter (23%) of respondents said that things like lane hogging, failing to indicate properly - or at all - and not letting other motorists out at junctions was a real problem at this time of year.

Nissan recalls Pathfinder, Infiniti QX4 for rusted steering column

Nissan is recalling at least 195,000 Pathfinder and Infiniti QX4 SUVs sold in 20 cold-weather states and the District of Columbia to inspect steering columns for rust and corrosion. Nissan is concerned that road salt used in these cold-weather states could cause the steering columns to rust through and possibly break off. In January, the National Highway Traffic Safety Administration started investigating 35 reports of corrosion-related failure of the driver's-side front strut tower.