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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.

Toyota's production iQ

By Guy Bird Motor Shows 06 March 2008 15:41 What’s new on Toyota’s Geneva Motor Show stand? The brand’s biggest news by far was the production iQ city car. The road-going iQ keeps almost all of the 2007 Frankfurt concept’s great packaging – half a metre shorter than a Fiat 500 at 2985mm – but still housing four seats, three for adults and one behind the driver for a child or luggage (there’s no conventional boot space).

Top Gear India Special offends – as planned

Clarkson's practical answer to 'Delhi-Belly' The BBC has received complaints about the Top Gear Christmas Special in India, claiming ‘Racist Insults’. Which is par for the course. We’d understand people complaining that the Top Gear Christmas Special from India, broadcast on 28th December, was a notch or two below par.