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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.

Rennsport Reunion IV brings Porsches to Mazda Raceway Laguna Seca

Porsche has confirmed that its Rennsport Reunion IV, sponsored by Porsche Cars North America, will feature three days of the German marque's historic race-cars at Mazda Raceway Laguna Seca in Monterey, Calif. This is the first time the Rennsport reunion will be held on the West Coast, with Rennsport Reunion IV scheduled for Oct. 14-16, 2011.

New software for cloud-based 3D model file sharing and reviewing

Sunglass is a new platform for sharing and syncing 3D models files over the Cloud has been developed, allowing designers to collaborate on a single model, regardless of their location. Created by MIT graduates Kaustuv DeBiswas and Nitin Rao, Sunglass allows designers, clients and co-workers to share, review and chat with others linked to the project in real time and virtually annotate onto the models directly in their browser without having to download any software. One of the main attractions of Sunglass is that it works with most 3D modeling software such as Autodesk, Solidworks, Rhino and sketch-up.