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Toyota recalls 2003 Sequoia for stability-control problem

Wed, 28 Apr 2010

Toyota is recalling thousands of the 2003 Sequoia SUV to repair a potential stability-control problem, the company announced on Wednesday. The recall covers 50,000 of the SUVs produced early in the 2003 model year. The problem is the stability control could activate at too slow of a speed (about 9 mph), limiting the ability of the Sequoia to accelerate.

Chrysler sold in £3.76 billion deal

Thu, 17 May 2007

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.

Lamborghini 50th Anniversary Car: The tease begins – sort of (video)

Wed, 02 Jan 2013

With the promise of a new car to celebrate 50 years, Lamborghini is ramping up interest in its half century anniversary with a history and tease video. With 2013 seeing the 50th Anniversary of Lamborghini’s arrival as a maker of supercars, we have the promise of a new car to celebrate the occasion. Last month Lamborghini boss, Stephan Winkelmann, confirmed that Sant’Agata would be rolling out a new car to celebrate the 50th anniversary, but what we don’t yet know is what that new model will be.