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Porsche Panamera S E-hybrid scores £5k government grant

By Ollie Kew First Official Pictures 27 November 2013 12:30 You’d have thought the last thing a buyer wealthy enough to afford an £89k Porsche Panamera needed was a £5000 discount on their mammoth new supersaloon. But, thanks the Panamera S E-hybrid cracking the eco numbers, that’s exactly what the UK government is offering. The Panamera S E-hybrid has joined a list of just 15 cars eligible for Britian’s ‘ULEV’ (ultra low-emission vehicle) status, approved by OLEV (the Office for low-emission vehicles.) Yes, in real life, it’s ridiculous, but on paper, the S E-hybrid is a wunderkid of low-emission motoring.

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.

GM builds 100-millionth small-block engine

General Motors will build its 100-millionth small-block engine on Tuesday, marking a milestone for the company. Engine No. 100 million is headed for GM's historic collection.