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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 RS6 Avant heads for EJAF with a little help from Gwyneth Paltrow

Gwyneth Paltrow signing an Audi RS6 Avant heading for Elton John’s White Tie & Tiara Auction Audi UK has a bit of a history of donating cars for auction at Elton John’s annual White Tie & Tiara Ball in aid of the Elton John Aids Foundation, and 2013′s no different. In the past we’ve had the appealing R8 Spyder as an EJAF auction lot and an A1 painted by Damien Hirst, but this year the EJAF is getting the super-estate Audi RS6 Avant, scribbled on by the delectable Gwyneth Paltrow. Audi roped in Gwyneth to turn up at the UK launch of the new RS6 Avant at Audi City in London and got her scribbling her moniker  on the interior of the RS6, a task Audi says would make their uber-shed worth £88k if they sold it – but if previous EJAF auctions of Audi’s cars is anything to go by it’ll fetch a lot more than that when the hammer goes down.

Peugeot Epure concept (2006): first official pictures

By Chris Chilton First Official Pictures 08 September 2006 00:01 The lowdown Peugeot calls it a concept but let's not kid ourselves: this is the 207CC. A successor to the 206CC, the car that brought folding metal hardtops to the woman in the street, next spring's production CC will look almost identical to the Epure. But don't expect to find the concept's engine under the showroom CC's nose: the Epure employs hydrogen power.