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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.

Toyota C-HR concept

Add the Toyota C-HR crossover concept to your list of new cars to see at the Paris motor show next week. When Toyota launched the original RAV4 in 1994, it also introduced a new market segment: the crossover. Over the past 20 years, rather like the crossover segment, the RAV4 has grown much larger in size while morphing into a more traditional small SUV.

Land Rover Defender 110: The Lego Edition

The Lego Land Rover Defender A Lego building genius called Sheepo has built a perfect scale version of a Land Rover Defender 110 out of Lego. And it works. The odd ‘Castle’ or maybe an intricate wall was probably as far as any of us ever got with Lego, but a Lego building master calling himself Sheepo has put together an awe-ispiring scale model of a Land Rover Defender 110 built entirely out of the little plastic bricks (and some Lego extras).