The Cerberus Capital Management said last Friday that seven major North American banks and investment banks have agreed to raise the $62 billion needed to refinance the debt and recapitalize Chrysler Group.
It can be recalled that the New York-based private equity firm announced on Monday that it would acquire the American division of Germany’s DaimlerChrysler […]
Holden Special Vehicles has recently introduced its WM Grange, which is a luxury performance limo that comes with specification and power unmatched in Australia. The WM Grange represents an important investment by HSV and is packed with a range of unique features that makes it distinct from its domestic and imported competitors.
The new Managing Director […]
The best thing about Mercedes vehicles is that they continuously evolved into something that you would love more—sigh how I wish men are like that—anyway, the Mercedes SL Class which is one of the brand’s best-seller continues its success story only this time in a revised edition.
The revised edition Mercedes SL-Class is courtesy of […]
General Motors has made history recently when its Chevy Sequel became the very first electrically-driven fuel cell vehicle to reach 300 miles on one tank of hydrogen. General Motors said that the Sequel is the world’s most technologically advanced automobile although may seem a little presuming on their part since it only present one measurement […]
Lowering or lifting your Chevrolet truck is not as easy as just adjusting the height of your pickup. It doesn’t stop there. You also need to think about your truck’s suspension and performance. You don’t just want an attractive Chevrolet pickup, you want to have a better performing truck as well. Stated below are just […]
Having a car comes with some responsibilities. You don’t just buy a car and end it there. In the process of owning the car means maintaining it properly. And to be able to do that, you must know the different parts of your car and its functions.
One of the most important part of a vehicle […]
In order to really understand the women and its turn, one must go behind in the history to explore the brave women who have defied to the norm and the road their horses in the freedom of the wind. Who could forget Joan about the arc or Annie Oakley. Two completely different women that they […]
According to reports Chery, the Chinese auto maker that DaimlerChrysler AG has previously formed a limited partnership with the intention of building Chrysler-branded cars wants to re-examine the deal again in lieu of the sale to Cerberus.
Zhang Li, the general manager of Chery Automobile Co. Ltd., in an interview with the German financial daily […]
