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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.

Trevor’s Back! TVR sold to new British owner

TVR sold to a new British owner, Les Edgar TVR – once the pride of Blackpool – effectively disappeared from the car scene in 2006 when its Russian owner, Nikolai Smolensky, shuttered up TVR just two years after he bought it from Peter Wheeler and last yeare announced there would never be another TVR. But it now seems TVR has been sold to a British businessman, Les Edgar, who has bought the rights to the TVR name and the right to manufacture parts for existing cars. So far, the only evidence of a return is a new splash page on the TVR website (pictured above) which tells us that TVR are ‘Roaring Back’.

Smart video hints at new ForTwo and ForFour designs (2014)

By Adam Binnie Motor Industry 08 July 2014 12:42 Good news if you cannot wait for the official launch of Smart’s two new 2014 models: a sneak preview of the new ForTwo and ForFour has been released. The video shows off the innovations of the new models, including the ForTwo’s new ‘smile’ and wider stance, and was uploaded to the Daimler AG YouTube channel ahead of the cars’ launch in July 2014. It shows how the latest evolutions of Smart’s clever small cars retain features from their predecessors, such as the Tridion safety shell and wheel-in-each-corner design.