Mevotech Mk6490 Suspension Leveling Component-control Arm Bushing on 2040-parts.com

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.

Radical SR8LM Nurburgring Record

Radical SR8LM being prepared for its record-breaking Nurburgring lap. Yesterday we reported on the Nurburgring record claimed by Gumpert for the Apollo S, an extremely impressive 7:11.5. But we did mention – or rather said we’d better not mention – Radical’s time of 6:55 set a few years ago.

Renault Pitches Affordable Self-Driving Technology

RENAULT is the latest company to dip its toe into the waters of self-driving car technology. Pitching its contribution as a way of combating tiredness and stress plus allowing drivers to multitask and let the car take the strain, the French firm is looking to 2020 as the year when its bold vision could become a reality. There is a catch though, as Renault’s vision of an autonomous driving future centres around the provision of ‘protected’ roads devoid of pedestrians or other hazards to make the reality of hands off driving possible.