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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.
Video: Making of the BMW 328 Hommage concept photo shoot
Tue, 31 May 2011Depending on your perspective, the BMW 328 Hommage concept unveiled at the Concorso d’Eleganza Villa d’Este in Italy is either a breathtaking tribute to an automotive styling icon or a caricature of a dead beaver. No matter which side of the aisle you find yourself on, this video offering a behind-the-scenes look at the photo shoot packs plenty of allure. At just a minute and a half, it’s a great example of all that goes into our favorite kind of photography.
Spiders spur Toyota Camry, Venza and Avalon recalls
Fri, 18 Oct 2013We always knew those spiders were up to something. Lurking in dark corners of our homes wasn't enough; they're taking their plot for domination on the road. Their most recent strike in what we can only assume will be a knock-down drag-out fight?
