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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.

Audi S1 becomes Audi A1 1.4 TFSI

The Audi S1 becomes the Audi A1 1.4 TFSI Audi let it leak they were working on making a hot version of the Audi A1, and we fully expected that the Audi S1 would turn up at the Paris Motor Show. So when we heard that Audi had confirmed – but without detail – that the Audi S1 would be at Paris everything made sense, apart from the lack of detail. But now we know why we got no detail – Audi has backtracked on the S1 and has instead planted the oily bits from the Polo GTI in to an A1 and Christened it the Audi A1 1.4 TFSI.

Infiniti releases teaser sketch of new EV

Infiniti’s new metal at the 2011 Frankfurt motor show was a special FX SUV co-developed with reigning F1 champion Sebastian Vettel, but the Japanese manufacturer has also unveiled a sketch of its forthcoming electric vehicle. Hang on! Hasn’t Infiniti already released a sketch of its upcoming EV?