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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.

One in five suffers 'car envy'

DRIVERS in the UK are more likely to give way to classic or unusual cars such as a Citroen 2CV or Volkswagen Beetle, but one in five also admits they are less likely to be courteous to large 4x4s due to car envy, according to a survey. Nearly a half (47%) of UK motorists say they leave more space between their car and the one in front if the car ahead is driven by an elderly driver. Others (5%) admit to trying to slow down boy racers if they see the driver is wearing a baseball cap and is a young male.

2013 Ford Escape priced less than the 2012 model? Not exactly

If you ask Ford Motor Co. about the base price of the company’s redesigned 2013 Escape crossover, it will tell you that at $23,295, including shipping, it’s $200 less than the outgoing model. The problem is, that’s not quite true.