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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.

The Frankfurt motor show 2009 review, by Ben Oliver

By Ben Oliver Motor Shows 16 September 2009 00:01 Taking the metro to the Frankfurt motor show, I was surrounded by men whose grey suits, lapel badges and reading matter made it obvious they were car company execs heading the same way. In previous years they probably had access to the fleets of chauffeur-driven cars that used to clog the town as they shuttled from airport to exhibition hall to hotel. But Frankfurt, like every other motor show, finds itself in reduced circumstances this year.  The Paris and Frankurt shows alternate, and the comparison with Paris this time last year is instructive.

Engine of the Year Winners: Ford 1.0 litre EcoBoost is top dog

Ford’s 1.0 Litre EcoBoost wins Engine of the Year 2013 If anything is going to overturn the received wisdom that all small cars should come with a diesel engine, it’s Ford’s 1.0 litre EcoBoost engine. Torquey, lively and frugal, the 1.0 litre EcoBoost engine is a little marvel, a fact recognised for the second year running by the judging panel for the Engine of the Year Awards,  which has given the 1.0 litre EcoBoost the highest ever marks in the award’s fifteen year history. A total of 87 car journalists from 35 countries were hugely impressed with the power, torque and small size of the Ford engine, with one journalist, Peter Lyon, commenting: “Who’d have believed it?