Borla 40364 Borla Pro Xs Muffler 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.

BAC Mono: Fancy a Drive?

RS Academy grabs the first two BAC Monos Last month we reported on a new single-seat road car that offers more thrills than a garage full of hypercars for less than the cost of an M5 – the BAC Mono. The brothers Briggs - Briggs Automotive Company – have created the beautifully built, finished and specified Mono as the world’s only single-seat production car (well, the only one that’s actually made it in to production, anyway). Weighing no more than Kylie after a heavy diet, the Mono can scoot to 60mph in just 2.8 seconds before running out of steam somewhere around 170mph.

Jaguar prices 75th-anniversary XKR

Jaguar is celebrating its 75th anniversary with a limited-edition XKR that will sticker for $104,500, including destination. It's called the 2011 XKR175 Anniversary Coupe, and as the name implies, it's a nod to the brand's landmark birthday. The Jag was shown at the Pebble Beach Concours d'Elegance.