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Toyota, Honda lead U.S. industry to 22 percent gain

U.S. light-vehicle sales, paced by Toyota and Honda, rose 22 percent in June as U.S. consumers continued to shake off economic jitters and replace aging cars and light trucks.

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.

Peugeot Onyx Concept: Paris 2012

The Peugeot Onyx Supercar Concept is a concept that will never be built and based on the underpinnings of the Peugeot Le Mans car. So Paris 2012 gets treated to the appealing Peugeot Onyx – a Gallic Jaguar C-X75, if you like – looking sexy and sleek on the floor in Paris with its copper and carbon fibre body and use of unusual materials like crystal glass and compressed paper. But it seems, as if we didn’t already know, that Peugeot aren’t planning to build an Onyx supercar – or at least not in their current financial muddle - and have even nicked its underpinnings from their own Le Mans 24hr diesel engine car to give the Onyx some eco and supercar credibility.