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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.

Conquer summer with this custom 1977 Dodge Tradesman van

Vanning never died, man. While fair-weather vanners ditched their groovy Plymouth Voyagers for front-wheel drive imports, hard-core custom freaks have been keeping the fire burning all these years. While we're not ready to proclaim a full-on custom van renaissance, we can feel the revival coming: It's a subtle yet noticeable rocking emanating from certain corners of the American and Swedish car scenes.

EVs are back in Revenge of the Electric Car

Revenge of the Electric Car, by writer/director Chris Paine, follows General Motors' Bob Lutz, Nissan's Carlos Ghosn, Tesla's Elon Musk and backyard inventor Greg "Gadget" Abbott from 2007 to 2010, when their respective companies were getting in (or returning) to the electric-car game. Paine also wrote and directed the contentious 2006 documentary Who Killed the Electric Car? That film followed the GM EV1 electric vehicle from buyer's hands to the junkyard when the company controversially collected and destroyed them all.