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Audi TT (2006): first official pictures

By Phil McNamara First Official Pictures 13 July 2006 03:14 In a nutshell Here are the first pictures of the all-new TT coupe - and the fashionista's favourite has become a serious sports car, claims Audi. The design update is edgier and more muscular, and there's a similar overhaul going on beneath the skin. The front end is now made of lightweight aluminium, to sharpen the handling.

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.

Audi launches showrooms without cars in London

Audi has opened its first digital showroom in London – Audi City – a fully digital showroom for Audi’s entire range near Piccadilly Circus. It’s something of a dilemma for car makers; how to sell their cars in a world that now revolves around the internet and digital access? Traditional car showrooms seem very last century, but choosing a car from a screen at home is still something many are reluctant to do.