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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.

General Motors is dropping corporate logo from all vehicles

General Motors is dropping the GM logo on its cars and trucks. The badge is a small silver square with "GM" embossed on it. It's usually on the lower edge of the front fenders.

Awesome video of Porsche engine teardown

If you’re considering tearing down the 3.2-liter air-cooled flat-six in your 1984-1989 Porsche 911 , this stop-motion video should help motivate you. Skipping past all the stuck fasteners, broken parts and most of the unpleasant discoveries you’ll encounter when pulling any old engine apart has a way of making a full teardown seem downright manageable. But, whether you have an old 911 or not, this video is mighty entertaining and definitely worth a look.