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Car clocking fraud on rise again

There could be as many as 486,000 vehicles with a false mileage on the road in the UK, according to vehicle history experts, HPI. The act of “clocking” a vehicle has been around for a number of years and is something that was made easier with the arrival of digital odometers. In the past, the mis-aligned digits and exposed screw heads meant that a clocked car was relatively easy to spot.

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.

Cadillac CTS-V priced to undercut M5, XFR

By Gareth Evans Motor Industry 21 January 2009 10:17 Cadillac’s new CTS-V supersaloon – claimed to be the be the most powerful Cadillac ever built – will undercut its European competition by several thousand pounds. Prices will start at £56,495, positioning the new Cadillac CTS-V just below the new Jaguar XF-R (£59,900) and comfortably undercutting German rivals such as the BMW M5 (£63,325) and Audi RS6 (a fulsome £74,550). Performance figures for the CTS-V make interesting reading, with 60mph being dispatched in 3.9 seconds and a top speed of 191mph for the manual car (175mph for the automatic).