02 Chevy Astro Center Cap 63519 on 2040-parts.com

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.

Hyundai ix25 Concept: Beijing Motor Show

The Hyundai ix25 (pictured) debuts in Beijing There’s been talk of a Hyundai ix25 for a couple of years now as the compact SUV market continues to grow and Hyundai’s smallest SUV offering remains the ix35. Now, Hyundai are getting set to remedy that gap in their range with the arrival of the Hyundai ix25 – as a concept – at the Beijing Motor Show, and looking much as you would expect – an ix35 with a few tweaks after a boil wash. At 4270mm long, the ix25 is about the same length as the new Mercedes A Class, but narrower and taller, and comes fitted with a 2.0 litre ‘Nu’ engine.

Audi TT RS roadster to roar into Geneva motor show

Audi's TT roadster is mighty sporty inside and out. But for some, that's not enough. Those enthusiasts will want the Audi TT RS, which will make its debut at the Geneva motor show.