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Kia ED

The first official photos of the new Kia ED 5-door hatch were released at the time of the British Motor Show. As part of Kia's continuing effort to establish the brand in the European market, ED jumps straight into the hottest and the most competitive cluster of the European C-segment. Previewed as the Cee'd concept at the 2006 Geneva Motorshow, ED is not only looking to take on the likes of Ford Focus, Renault Megane and VW Golf, but also aims to lift the brand image and appeal to 'badge conscious' European consumers.

Maserati GranTurismo

Maserati has released photos of their new coupe, the GranTurismo, in advance of its unveiling at Geneva next week. Designed by Pininfarina, the sketches also circulating were by Jason Castriota who penned the Maserati Birdcage concept shown in Geneva in 2005, before it turned heads at the Goodwood Festival of Speed that year. There is affinity between the two designs, and a more aggressive look than the current car designed by ItalDesign.

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.