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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.
Range Rover (2012) first official pictures
Wed, 15 Aug 2012At last, the all new Range Rover is revealed, with no camo-tape! The new Rangie is 420kg lighter, more eco-friendly, and even more opulent than the outstandingly successful current car. These are the first official pictures of the new Range Rover: you can see it for yourself in the metal at the Paris motor show from 29 September 2012 The styling of the new Range Rover Although the profile looks similar, there's actually been much tweaking of the proportion of metal to glasshouse. Also, you'll spot lots of detail changes to the new Range Rover to set it apart from the current car.
Renault Megane Renaultsport 275 Trophy-R Special Edition celebrates Nurburgring record
Mon, 16 Jun 2014The Renault Megane Renaultsport 275 Trophy-R (pictured) breaks a Nurburgring record We knew Renault were planning to take the Megane Renaultsport 275 Trophy to the Nurburgring to have a crack at the FWD production car record and wrestle it back from the SEAT Lean Cupra 280. After some extreme weight saving measures – and some chassis tweaks – Renault managed to push the 275 Trophy round the Nordschleife in 7min 53.4 seconds, beating the SEAT’s time of 7min 58.4 seconds to take the record (video below). But not being one’s to miss a marketing opportunity, Renault has decided that they should celebrate the Nurburgring record with a new limited edition Megane – the Megane Renaultsport 275 Trophy-R Special Edition.