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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.

New Ford Focus ST at Goodwood Festival of Speed – and a diesel version too (video)

The new Ford Focus ST teased The facelift for the Ford ST facelift has started, with Ford releasing a single image (above) of the new ST which will be on show at the Goodwood Festival of Speed this week, taking to the Goodwood Hillclimb in the ‘First Glance’ category. The basic facelift fodder for the new ST is what we saw earlier this year when the rest of the Focus range got a facelift, with a few new panels, bumpers, grill and lights marking out the old from the new. Ford is being coy about any power updates for the new ST, but it seems likely it will stick with the same 247bhp 2.0 litre as the current model and the same output.

Peugeot 208 GTi price from £18,895

Peugeot has revealed that the new 208 GTI will cost from £18,895, with the order book for the 208 GTi opening in March. That price will be £18,895 – almost £2k more than the new Fiesta ST - and includes the usual GTi stuff like 17″ alloys, new grill, LED running lights, twin exhausts, leather and cloth upholstery, red trim details, DAB, rear parking and a smattering of GTi badges. Peugeot also say that the 208 GTi has been fettled to make it a more sporty prospect than the standard 208, with retuned suspension and wider track.