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Chrysler sold in £3.76 billion deal
Thu, 17 May 2007By 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.
2013 Volkswagen Beetle Convertible confirmed
Mon, 23 Jul 2012Volkswagen will reveal the 2013 VW Beetle Convertible at the Los Angeles Auto Show in November. The new VW Beetle is only just starting to make an appearance on UK roads but already it’s about to be overshadowed by its flasher sibling – the 2013 VW Beetle Convertible. Launching at the Los Angeles Auto Show in November, the new Beetle Convertible will be loosely based on the VW E-Bugster Cabriolet Concept we saw at the Beijing Show in the Spring.
Williams & Renault back together in F1
Tue, 05 Jul 2011Williams Renault F1 - Sir Frank Williams and Renaultsport's Bernard Rey For those of us who enjoy F1 (on the whole – although races like Canada rather than Valencia, it as to be said) but are very slightly past the first flush of youth, it’s rather sad to see Williams languishing in the ranks of also-rans on this year’s grid. With one of the greatest race-brains in Sir Frank Williams, and still one of the best F1 drivers in Rubens Barrichello, it would be great to see Williams at least running with the second tier of cars. But this season so far they have amassed just 4 points.