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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.

New Ssangyong Rodius teased ahead of Geneva 2013 debut

Ssangyong are teasing a new version of the Rodius people carrier ahead of a debut at the 2013 Geneva Motor Show. If you want to see a car that’s been hit by an ugly stick, you can’t do much better than take a look at the current Ssangyong Rodius. But you’d better be quick, because Ssangyong are planning to introduce a much slicker looking Rodius (pictured above) at the 2013 Geneva Motor Show.

New Volvo V40 R-Design. UPDATED

We have the first photos of Volvo’s sporty take on the new V40 – the Volvo V40 R Design – ahead of a debut at the Paris Motor Show. Update: Volvo has now caught up with this story, so we’ve added a few more photos and a video. The V40 R-Design will be available as an option across all the V40′s range of engines but the Sport suspension still remains an option, not standard.