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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.

Peugeot 308 RCZ (2007): first official pictures

By Tim Pollard First Official Pictures 31 July 2007 12:00 Peugeot's TT: the 308 RC Z If you're designing a mid-sized coupe from scratch, it's hard to ignore the head-swivelling, original Audi TT. Peugeot clearly thinks so - its Frankfurt show star, the new 308 RC Z unveiled today, looks like a Chinese facsimile of the Mk1 TT, especially viewed in profile. Maybe that's why Peugeot introduced a clumsy kink in the waistline (a la Hyundai Matrix), to disrupt the Germanic body language...

White is the most popular car color

White is the most popular vehicle color in the world, followed by black and silver, according to car-paint supplier PPG Industries. In North America, white was first, making up 20 percent of the 2011-model-year cars. Silver was second at 19 percent, then black at 18 percent, gray at 15 percent, red and blue tied at 9 percent, naturals such as brown, tan and gold at 7 percent, green at 2 percent and other colors at 1 percent.