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Audi planning five Eco models

[ad#ad-1] As we’ve noted before, Audi has a niche for every buyer, from hatchback to supercar, with a good dose of SUV / people carrier on the way. But with the world becoming ‘Eco’ obsessed, there are plans now unfolding to put Audi at the heart of this revolution. Audi doesn’t tend to do things by halves, and its plans for an eco range, as reported by Car Magazine, go far further than most manufacturers.

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.

USED CAR MARKET BOUNCED BACK IN JANUARY

BCA’S LATEST Pulse report shows that average values rose in January following the disruption caused by the Arctic conditions and shorter trading period in December. The volume of vehicles being traded also increased – not surprisingly very significantly when compared to December, but also by 10% year on year. Vehicles from both the fleet & lease and part-exchange sectors recorded notable value improvements and part-exchange values reached record levels.