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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.

Mercedes F125 concept (2011) at Frankfurt motor show

Mercedes today unveiled the F125 concept car - a car bearing the three-pointed star's F name to demark it as a tech testbed, and the 125 to mark Merc's 125th anniversary in this four-wheeled business. It's a hydrogen fuel-cell vehicle, and Merc claims a punchy 1000km (620-mile) range. But the scientists here are proud of the cutting edge lithium sulphur batteries, used to store energy created by the fuel-cell.

Mazda MX-5 Superlight leaks

Official pictures of the MX-5 Superlight Concept have leaked out ahead of Frankfurt We don’t think Mazda are intending building the MX-5 Superlight, it’s more a way of showcasing what can be achieved by radical weight saving. But don’t quote us on that. If Mazda gets big positive feedback they’ll probably turn it in to a production model despite their assertions it’s just a concept.