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Alhambra, United States
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Chrysler sold in £3.76 billion deal
Thu, 17 May 2007By 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 sets prices for 2010 models
Tue, 09 Jun 2009Volvo Cars of North America has set prices on its 2010 models. On Monday, the automaker released a pricing list that ranges from an S80 V8 AWD A for $51,800 to a C30 T5 manual for $24,950, including the $850 shipping charge. Volvo has also set the price for its newest version of the XC60.
Jaguar XJ facelift (2007) first news and photos
Wed, 28 Feb 2007By Jack Carfrae First Official Pictures 28 February 2007 11:29 2008 Jaguar XJ: the lowdown Jaguar is sprucing up its XJ luxury saloon at Geneva next week to keep it fresh until a radical new model arrives in 2009 – and these pictures show the big cat for the first time. There are numerous subtle changes to Jaguar’s flagship saloon, most of which are well within the ‘blink and you’ll miss it’ category, but they add a little more polish to the big saloon, which has always suffered criticism for its conservative design. Most of the changes involve the bumpers, which have been given a more distinguished, deep and chunky look, and a more prominent growler on the revised grille.