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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.

Lamborghini Estoque – still on?

Lamborghini Estoque spotted in Berlin The boys at Top Gear even got hold of the Estoque to show in the TG studio. They too were astonished at what Lamborghini has achieved. A four-door Lamborghini that looked like a Lamborghini instead of some hideously overblown caricature of the marque (did someone say Panamera?).

Goodwood Revival Sold Out – but there’s a few ‘Turn up & Hope’ tickets left for tomorrow

Goodwood Revival 2011 Sold Out We always say the Goodwood Festival of Speed is just about the best event of the year; diverse, interesting and fun – even for the non-petrolhead. But the Goodwood Revival – which starts tomorrow and goes on over the weekend – is a really fun motoring nostalgia-fest of fun and frolics, costumes and stalls, cars and racing. And on-petrolheads love it even more than the FoS.