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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.

Mini Boosts Multimedia Appeal With Gopro Filming App

THE Mini has never been camera-shy, but now the brand’s latest models can get themselves on camera easier than ever before. In what’s being touted as a world first for a car brand, a new Mini Connected App enables GoPro cameras to be controlled via the dashboard – meaning shooting a film is now as easy as changing a song on the audio unit. This makes it possible to start shooting with a camera mounted on or inside the car while travelling.

Opel/Vauxhall teases Cascada mid-size convertible

Opel/Vauxhall has given us a sneak peek of its new mid-size convertible, the Cascanda, which effectively replaces the Astra Twin Top. The Cascanda features a full-size fabric roof that can be opened or closed with one button up to speeds of 30mph and is the latest model to shun a folding hardtop in favor of the lighter and more practical soft option. The company claims this is its first D-segment cabrio for more than 70 years but, unlike them, we haven't forgotten the Cavialier Convertible of the 1980s (see pic).