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Lincoln introduces Black Label trim at Pebble Beach

Lincoln introduced its hoity-toity Black Label Collection at Pebble Beach on Thursday. In the words of Jim Farley, “The new Lincoln Motor Company is built on three foundational elements -- design, quality and personal service; Black Label represents our highest expression of these elements.” Lincoln says its Black Label dealers will collaborate to create a personal, integrated client shopping and ownership experience, with respect for the luxury of time. We're not sure exactly what that means, but if the dealers can pick up the cars for gas, a wash and some fast food, that would be great.

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.

Saab fans gather outside GM headquarters

The 60-plus-year history of Saab may come to an inglorious end in the next few days if General Motors and Dutch supercar maker Spyker--or perhaps a dark-horse bidder--fail to reach an agreement to save the iconic Swedish maker of premium cars. But the potential death of yet another GM brand raised some voices of dissension--and passion--as a crowd of about 30 Saab enthusiasts braved temperatures in the 20s and snow flurries to show their support for Saab at a gathering near GM's global headquarters in downtown Detroit. The event was organized by the Ryan Emge, editor of a Saab.History.com, and was part car show, part rally and part family gathering.