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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.

ZF boss thinks 9 speeds is enough for transmissions

The nine-speed transmission might be where the race to add gears ends, ZF Friedrichshafen CEO Stefan Sommer said. He referred to nine speeds as the "natural limit" because going beyond that number adds weight and complexity that cannot be offset by gains in fuel efficiency. "There is no hard line, but you have to consider the law of diminishing returns.

Alfa Romeo Mito Twinair (2012) first official pictures

Alfa Romeo has plumbed Fiat's brilliant and novel two-cylinder engine - the Twinair - into its Mito supermini. The result is the most economical premium supermini on sale, returning in excess of 67mpg. The Mito Twinair will cost £14,510 when it goes on sale on 30 September 2012.