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Chrysler and Nissan cancel vehicle-swapping deal

Chrysler and Nissan are canceling their 2008 deals to build vehicles for each other, the automakers announced Wednesday afternoon. Chrysler was to provide Nissan with a full-sized truck, based on the Dodge Ram, starting in 2011. It would have been a replacement for the Nissan Titan.

New Suzuki Swift Sport starts at £13.5k reveals Suzuki UK

2012 Suzuki Swift Sport costs £13.5k in the UK Suzuki UK reveals the new Suzuki Swift Sport will cost £13,500 when it goes on sale in January 2012. The Suzuki Swift is a more than half way decent little car, and the range-topping Suzuki Swift Sport – which was revealed at the Frankfurt Motor Show in September – looks set to be a fun little number with decent dynamics thanks to a tweaked suspension. Although the new Swift Sport only gets an extra 10bhp over the old Sport model, it can get to 62mph in 8.7 seconds and carry on going to 121mph.

Daimler takes 10 percent stake in EV maker Tesla

Daimler AG has acquired an equity stake of nearly 10 percent of California electric car maker Tesla Motors Inc., the German automaker said Tuesday. The two companies have been working together to integrate Tesla's lithium-ion battery packs and charging electronics into the first 1,000 units of Daimler's electric Smart car. Daimler said its stake in Tesla will allow the companies to collaborate even more closely on the development of battery systems, electric drive systems and in individual vehicle projects.