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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.

Honda Pilot concept (2007): first official pictures

By Ben Pulman First Official Pictures 19 December 2007 13:09 Honda will show a concept of the next-generation Pilot at the Detroit Motor Show in January 2008. Although the Americans call it ‘midsize’ the current car is hardly small: at 4775mm long it’s over 200mm longer than a BMW X3 so expect the new car to be as big as the X5. However, that means the concept can offer seating for eight.

LA Motor Show: Honda brings mass-volume hydrogen power closer

HONDA has showcased its next generation hydrogen fuel cell technology, which is the first to fit entirely within a traditional engine bay. A 60% increase in energy density and a 33% reduction in size have jointly allowed the creation of the new Fuel Cell Electric Vehicle (FCEV) concept, which has a range of roughly 300 miles and can be refuelled in about three minutes. With all its components in a single location, the FCEV benefits from huge freedom in design for the rest of the car.