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Toyota FT-EV concept unveiled at Detroit auto show 2009

By Ben Pulman Motor Shows 10 January 2009 20:00 This is Toyota’s new FT-EV concept, the first of three eco-friendly cars being unveiled at the Detroit motor show over the next few days, the other two being the all-new third-generation Prius and the hybrid-only Lexus HS250h. The FT-EV is Toyota’s way of confirming that it will build a battery-electric vehicle (BEV) in 2012, but it’s also using the concept to promote its other environmentally friendly vehicles. The FT-EV concept is built on the iQ’s platform, and designed for commuters with daily journeys of less than 50 miles.

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.

Mercedes-Benz hits 100,000 UK sales for first time

FOR THE first time in its history Mercedes-Benz UK has sold more than 100,000 cars in a year. The milestone car, an A 180 CDI Sport bought at Mercedes-Benz of Bristol, now belongs to Jamie Leigh Arndell, who works as Transport Manager at Bristol and Avon Group. “It was a lovely surprise to pick up my new car and be told I was the company’s 100,000th customer [this year],” she said at the handover of the car.