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2014 Michelin Challenge Design jury meets to select winners
Tue, 17 Sep 2013The 2014 Michelin Challenge Design judging panel has selected the top three entries of its ‘Driven/Undriven' contest after an intense two-day session at the Petersen Automotive Museum in Los Angeles. On the first day, the jurors discussed each individual submission before whittling them down to just 15 finalists. Their work will be presented at the North American International Auto Show (NAIAS) in Detroit in January 2014 as part of the Michelin Challenge Design exhibit.
Chrysler sold in £3.76 billion deal
Thu, 17 May 2007By 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 to build C-class in Alabama
Wed, 02 Dec 2009Mercedes-Benz will add production of C-class sedans to its plant near Tuscaloosa, Ala., starting in 2014. Daimler AG Chairman Dieter Zetsche, who participated in the creation of the Alabama plant project as a fast-rising executive in 1993, said in a statement released Wednesday from Stuttgart that the U.S. operation will take over about one-fifth of the model’s global production.