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Smart forstars concept

The Smart forstars concept is set to be unveiled the week after next at the Paris motor show. Clearly related to the For-Us concept seen at NAIAS in Detroit earlier this year, the grammatically-challenged Sports Utility Coupé concept, measures in at 3,550mm long, 1,710mm wide and 1,505mm high. It shares the same ‘smiley' front face as the For-Us, complete with rhombic front lamps which stand proud of the surface and a pixellated grille opening.

BMW M3 Matte Edition: China only

BMW M3 Matte Edition - China's second limited edition M3 in a year It’s less than a year since China got it’s last BMW M3 special – the BMW M3 Tiger Edition – so we’re guessing it sold rather well as BMW has launched another limited edition M3 just for the Chinese market – the BMW M3 Matte Edition. It isn’t going to be horribly difficult to work out that the defining feature of the M3 Matte Edition is its paint job. It’s Matt Black.

Daimler agrees to unload remaining Chrysler stake

Daimler AG announced today that it has reached an agreement to unload its remaining 19.9 percent stake in Chrysler LLC. "Daimler's remaining 19.9 percent shareholding in Chrysler will be redeemed, and Daimler will forgive repayment of the loans extended to Chrysler, which were already written off in the 2008 financial statement," Daimler said in a prepared statement. All told, Daimler will write off $700 million as a result of the deal, according to the statement.