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Lamborghini Sesto Elemento (2010): the all-carbonfibre concept car

Finally, after much teasing, here it is, Lamborghini’s carbonfibre concept car – the Lamborghini Sesto Elemento. Unveiled on the eve of the 2010 Paris motor show at the Volkswagen Group’s massive pre-show party, it’s a sub-1000kg supercar with a 562bhp V10, and previews the future lightweight construction methods that Lambo will use on its next V12 supercar and other future models. Sesto Elemento is Italian for sixth element, which is carbon.

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.

Fisker has potential buyers in line

VL Automotive and Chinese Investment Group Wanxiang are looking to buy troubled automotive manufacturer Fisker. Maker of the curvaceous Karma, Fisker has been cash-strapped for some time now due to what company insiders called an overly optimistic business plan that anticipated rapid sales growth. Tesla's success in the luxury/upscale electric vehicle industry hasn't helped Fisker's cause either.