Old Style Tin Conversion Bracket Drag Specialties. on 2040-parts.com

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.

Cool Cars and Hot August Nights

Hot August Nights is a weeklong party, and the cars are the stars. Not just any cars--vintage, cool cars, mostly from the 1950s and '60s. American-made muscle cars such as Ford Mustangs, Shelby Cobras, Chevrolet Camaros and Pontiac GTOs dominate the festival in Reno, Nev., but there are also plenty of Cadillacs, Oldsmobiles, AMCs and even some Jaguars, Volkswagens and Mini Coopers seen cruising the streets of northern Nevada.

Ferrari FF first year's production sold out

Ferrari S.p.A. said the first year of production of its new FF is sold out and customers who order the model now will receive their cars in the second half of 2012. Ferrari will limit production of the four-seat FF, the luxury sports car maker's first four-wheel-drive model, to 800 units a year.