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Toyota, Honda soar in May comeback; Chrysler extends gains

Chrysler Group posted a 30 percent increase in sales last month and General Motors and Ford rebounded from April declines as the U.S. auto industry showed signs of a sharp recovery from weak results a year ago. Toyota Motor Corp.

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.

VW Scirroco GT TDI 170PS – UK orders & prices

The VW Scirocco Gt TDI 170PS - now available in the UK But today frugality is the key and, if you can couple it with a fair degree of style and some half-decent performance, you should be on to a winner. VW thinks so, and has announced that the VW Scirroco GT TDI 170PS is now available in the UK, with prices starting at £21,755 OTR. This GT TDI is a frugal car and, with a combined figure of 53.3mpg and emissions of 139g/km Co2, you’d rather expect it to be a frugal eco-box that struggled away from the lights.