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VW boss Bernhard quits

By Tim Pollard Motor Industry 12 January 2007 09:57 Volkswagen boss Wolfgang Bernhard has quit the company as part of a shake-up at Europe's biggest car maker. The news comes as little surprise after months of uncertainty and change at the top of VW. Bernhard built a reputation as an abrasive operator in his short stint as CEO of the Wolfsburg company and had numerous confrontations with unions as he pushed through more modern working practices.

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.

Horror crash drivers offered training course

POLICE who found enough evidence to prosecute 32 motorists following a 150-car pile-up have offered to send them on a driver alertness course instead. A senior police officer said handing the drivers a chance to go on the course would be more beneficial than putting them before the courts. The decision to spare drivers prosecution follows a four-month investigation by specialist collision investigators and case review staff from Kent Police.