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Toyota Sai Revealed

The Toyota Sai Hybrid - a Toyota-ised Lexus HS 250h When we reported on the Sai’s launch schedule we did apologise that we didn’t have more information . All we knew was that it would be a Toyota hybrid based on the Lexus HS 250h and launch on the 20th. And remarkably, that just about covers it even though Toyota has unveiled the Sai.

16-year-old Verstappen to race in Formula 1

TEENAGER Max Verstappen is confident he can handle the pressures of the world of Formula One and insists he is not worried about the sport's dangers. The 16-year-old is set to become the youngest driver in F1's history after joining Toro Rosso for the 2015 campaign. Verstappen - 17 in September and currently competing in Formula Three - will replace Frenchman Jean-Eric Vergne at the Red Bull-owned team.

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.