The Detroit News reports that Nissan is considering acquiring 20% percent of Chrysler and this move would bring the company into the ranks of the present Renault-Nissan alliance.

According to sources close to the negotiations, the offer is placed before Cerberus Capital Management that is a private equity firm and hold 80 percent share of Chrysler currently. The company also has another offer from General Motors.

Click here to read more…

Cadillac’s CTS-V (2009) has begun production this month and the initial sales will begin around November 1. The new CTS-VIs designed to become the world’s most desirable luxury cars with the starting price of $59,995 in the American markets.

Mark McNabb, Cadillac North America vice president, says: “For luxury and performance enthusiasts, the new CTS-V offers a nice gripping proposal. It represents the true sense of Cadillac design and technology and in the club of the highest performing luxury cars; it’s a real good addition.”

Based on Cadillac critically acclaimed CTS sports sedan, the CTS-V shows the full range of the brand’s impressive design and technology. It includes advanced performance technology like supercharged 6.2-liter V8 engine and Magnetic Ride Control that is world’s fastest reacting suspension.

Click here to read more…