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.

College Exhibition: Hongik University Degree Show 2006

Senior transportation Design students at Korea's Hong-ik University presented their works in the School's Graduate Exhibition 2006 held in October. Running from March 4th to July 10th, the Renault-sponsored project with the theme 'My First Renault', gave the students a fairly open brief to design a personal vision of a Renault vehicle of the near future. The students also had a presentation with Patrick Le Quement, the Renault senior vice president, corporate design, Anthony Grade (vice president) and Jean-Marie Hurtiger, the executives of Renault-Samsung Motor's in their design center in Gi-heung, Korea in November.

80% of drivers don't care about emissions

EIGHT OUT OF 10 drivers in the UK say they wouldn’t change their car to a lower emissions model to save on road tax. This stark admission from the nation’s drivers follows a survey that also found 65% of Britain’s motorists don’t know their VED (Vehicle Excise Duty), or road tax, is calculated on the carbon dioxide emissions of their car. Many drivers think their road tax is worked out based on the size of engine in their car.