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MG and 'Rover' set to re-join forces
Tue, 03 Jul 2007By Keith Adams Motor Industry 03 July 2007 01:29 Reports in China suggest that Shanghai Automotive Industry Corp (SAIC) is once again in talks with Nanjing Automobile Corp (NAC), the owners of the MG marque and the Longbridge factory. The deal is being backed by Chinese government, which wants to see more cars sold in export markets. Are we looking at the creation of a latter day MG Rover based in the Far East?
Audi RS5 Cabriolet: Official
Thu, 06 Sep 2012Audi has revealed the new RS5 Cabriolet with a 4.2 litre V8 and 444bhp ahead of a public debut at the Paris Motor Show. Audi has been busy today with its webcams and laptops organising the online reveal of the new RS5 Cabriolet. And here it is.
Daimler agrees to unload remaining Chrysler stake
Mon, 27 Apr 2009Daimler 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.