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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.
McLaren gives MP4-12C power and gadget upgrade
Thu, 07 Jun 2012McLaren has announced a surprise package of upgrades which will be offered to existing owners of its MP4-12C supercar, free of charge. Owners will benefit from more power, a tunable engine noise and fewer foibles - yes, the tricky swipe-to-enter door handles are banished for good. So what exactly has changed on the McLaren MP4-12C for 2013?
New Nissan Juke revealed: Geneva Motor Show
Wed, 05 Mar 2014The 2014 Nissan Juke revealed at Geneva A new Nissan Juke has been teased by Nissan over the last week or so, and although the idea that this is a ‘New’ Juke is way off the mark, Nissan has managed to make the 2014 Juke better by offering more of the same. Sensibly, Nissan has kept the Juke’s quirky ‘Ugly is appealing’ looks intact and the new Juke is very much a Juke but it does get the usual facelift fodder of restyled bumpers and lights, front and back, with LED running lights and LED tail lights and a new grill. New personalisation options come in to play for the Juke too, with three levels offering coloured splashes to the front and rear bumpers, alloys and cabin, all of which can be retro-fitted in case subsequent owners aren’t thrilled with how it looks.