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CPD, United States
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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.
Fisker Karma S concept
Sun, 18 Jan 2009Fisker Automotive revealed the newest addition to its lineup at NAIAS 2009, exactly a year after the independent carmaker unveiled its first concept vehicle, the Karma. Called the Karma S concept, the four-seat convertible was designed by Henrik Fisker with input from a newly assembled design team taken on to help bring the Karma sedan to production. The design of the S is likely to make it to the showroom almost unchanged.
New Hyundai Veloster (2012): UK models and prices
Fri, 14 Oct 2011New Hyundai Veloster (2012) - in the UK February 2012 The old Hyundai Coupe was the car that first made the world realise Hyundai was capable of far more than crummy little cars. And now, after quite a wait, we get its replacement – the new Hyundai Veloster. The Veloster was revealed at the Detroit Motor Show at the start of 2011, and Hyundai say it will be in UK showrooms in February 2012.