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Infiniti’s new electric car (2012): all the latest news

Within the next two years Infiniti will launch an electric vehicle based on Nissan’s Leaf. But it won’t just be a Nissan with a new nose; instead the Infiniti version will, according to the company’s project design director Takashi Nakajima, be a ‘luxury EV’ with completely unique styling and a performance boost to boot. Infiniti’s EV won’t just be a re-badged Leaf with an Infiniti grille, though it will borrow heavily from Nissan’s electric car beneath the skin.

London rush hour 'worst in UK'

ANALYSIS of in-car telematics data has revealed that London commuters get the worst deal in rush hour, with average speeds 30% slower than those across other British cities. The study of 20 million miles of telematics data by Direct Line Drive Plus shows that despite London having more congestion-fighting measures than anywhere else in the country, its road-based commuters suffer worse peak time traffic misery than anywhere else. During peak times, cars in Westminster travel at an average speed of just 10.06mph, compared to a figure of 14.38mph across the biggest British cities.

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.