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.

Nissan pilots digital car manual

NISSAN has brought the humble car manual into the 21st Century with a new smartphone app that contains everything drivers need, including warning light recognition. The ‘iManual’ system is being trialled with the Micra manual, since Nissan has judged that the stylish supermini’s owners are the most likely to adopt and use the iPhone- and Android-compatible app. It squeezes the paper manual’s entire contents into an easy-to-manage format that users can access anywhere, as long as they have an internet connection.

New Subaru Forester UK launch summer 2013

The 2013 Subaru Forester was revealed in Japan earlier this month and Subaru confirm it will arrive in the UK summer 2013. The new Forester does look very like the current Forester, but it does get some cosmetic tweaks with new bumpers, a more defined crease down the flanks and new alloys, mas well as a few extra toys like a new Infotainment Centre and SatNav with reversing camera. But what is also new is that in addition to a 2.0 litre petrol and diesel engine option – both with around 150PS – Subaru has confirmed the 2012 Forester will also get a new a new 2.0-litre direct injection turbo good for 280PS, which should bring a whole new dimension to the Forester experience.