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Cadillac ELR gives paddle shifters new purpose

We're learning more about the Cadillac ELR, which is set to hit showrooms in limited quantities early next year. Cadillac revealed Friday that the Volt in luxury clothing will use paddle shifters in a whole new way. Instead of using them to shift through gears, ELR drivers will be able to tap the paddles to engage a new feature called Regen on Demand.

Collector electrifies a 1955 LaSalle Roadster

Just months after Joe Bortz's unveiling of the restored 1955 Chevrolet Biscayne, the auto archeologist and collector is moving into the second phase of restoration with another General Motors Motorama concept car: the 1955 LaSalle Roadster. But here's the key difference--the LaSalle is going electric. As the LaSalle's motor was never completed, the roadster is considered a “push mobile.” To prepare the car so that it can be driven--rather than pushed--on the road, Bortz has teamed up with Pioneer Conversions, an Illinois business focusing in the electric conversion of various vehicles.

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.