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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.

What you missed at the Detroit auto show

Press days for the 2014 Detroit auto show wrapped up on Tuesday, and the sum total was more big reveals than we can shake a stick shift at. Production cars included the Ford F-150, Corvette Z06, BMW M3 and M4, Subaru WRX STI and the Porsche 911 Targa, while on the concept front we saw the Toyota FT-1, Nissan Sport Sedan and Kia GT4 Stinger just to name a few. Here are some of our favorites, in no particular order.

First Sight: Audi A3 Interior Revealed at CES [w/video]

It says a lot about where the automotive industry is today that Audi chose to unveil the new A3 interior here in CES, rather than a few days earlier at the North American International Auto Show in Detroit. In the process the firm also inadvertently unveiled the exterior design of the next generation of the 3-door hatch through the high quality renderings used in the menus of the new MMI system. The new MMI system comes with an enlarged, raised center clickwheel that is topped by a touchpad.