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New Sasol GTC cars set for thrills

The iconic Grand Prix Circuit will present a new challenge to the GTC drivers as they tackle the country’s fastest racetrack on June 16.

Suzuki’s new Swift hatch and sedan in SA

Suzuki kicks off its new model assault with an all new Swift hatchback and standalone sedan called the Dzire.

Daimler confirms Chrysler talks

2008-09-26 07:50
Daimler has said it is in discussions with Cerberus Capital Management concerning the sale of its remaining stake in Chrysler LLC.

Daimler still owns 19.9% of the manufacturer following the dissolution of DaimlerChrysler in May 2007.

In a short statement, the German manufacturer said "the business outlook of Chrysler, in which we hold an equity interest, including its ability to successfully implement its restructuring plans" could influence its views on "future events."

When it was formed in 1998, DaimlerChrysler was the biggest industrial merger yet.

It is expected that the manufacturers' existing technology ties will remain unaffected by the latest developments.

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