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British team, trusty Fiat Panda set new Africa run record

The Fiat Panda driving team consisting of British rally drivers Philip Young and Paul Brace arrived in London today, setting a new record time for the 10,000-mile Cape Town, South Africa to London run in the process. With their time of 10 days, 13 hours and 30 minutes, the team managed to break two records: one for the Cape Town to London run and one for the run between the two cities (in either direction). The former previously stood at 14 days, 19 hours and 26 minutes, while the latter was 11 days, 14 hours and 11 minutes.

Nissan Design 50th Anniversary exhibition

As part of last year's celebrations for the 50th anniversary of Nissan Design, Nissan Motor Company held an exhibition entitled 'Passion & Imagination: Nissan Design 50th Anniversary & Future' at its two galleries in Ginza, downtown Tokyo from late July to mid-August. Both galleries were crowded with more than 48,000 visitors in total. The exhibition showcased the historical achievements of Nissan's design department over the last fifty years, as well as its future design vision.

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.