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McLaren P1 explained by Anthony Sheriff (video): Paris 2012

McLaren Managing Director, Anthony Sheriff, explains exactly what the new McLaren P1 Supercar will offer its customers. But the concept P1 does show exactly where McLaren are heading with the spiritual successor to the McLaren F1 road car of the 1990s, and it does look 95 per cent like the production car. We covered what detail we have on the new P1 extensively yesterday when McLaren officially unveiled the P1 in Paris – from its construction to its downforce and active aero – but it’s interesting to get a McLaren view on their new baby, which we have from McLaren’s MD Anthony Sheriff.

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.

Citroën Technospace concept

Citroën has revealed its new Technospace concept ahead of Geneva, which previews the new C4 Picasso. The compact MPV concept – which measures in at 4,430mm long, 1,830mm wide and 1,610mm high – debuts next month in Geneva and appears to be a near-production version of the next C4 Picasso, with Citroën confirming it will be on sale by the end of the year. In comparison to the outgoing C4 Picasso, it shares some recognizable characteristics like the large windshield curving into the roof, together with the four-light greenhouse with blacked-out pillars.