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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.

Infiniti Etherea to become B-Class based Infiniti DX

Infiniti Etherea will become the B-Class based Infiniti DX in 2014 To be entirely fair, the news that Infiniti is going to be build a compact crossover on the new Mercedes B-Class MFA architecture – and that it is the Etherea Concept forming the basis and likely to be called the Infiniti DX – isn’t a huge surprise. We knew last year when Nissan and Mercedes announced a partnership deal that it would impact on Infiniti as well as Nissan. And the first fruits of that have been confirmed by Carl Ghosn, with the news Infiniti will launch a compact crossover in 2014 using the Mercedes MFA platform which underpins the new B-Class.

Ferrari 458 Italia Revealed

The first pictures of the new Ferrari 458 Italia These are the first pictures of Ferrari’s 458 Italia, released this morning ahead of the official reveal at the Frankfurt Motor Show in September. Clearly showing influences from the Enzo and the Mille Chille Concept car, the F430 replacement will undoubtedly go upmarket in terms of price to differentiate it from Ferrari’s entry-level car, the Ferrari California. Featuring a new, 4.5 litre V8 (hence the name – 458) , Ferrari claim the new engine has the highest specific output of any normally aspirated road-car engine, which is a hard claim to dispute as it produces 127bhp per litre.  It produces 562bhp at 9000 rpm, making it the highest revving Ferrari engine to date.