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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.

Corvette ZR1 price bombshell

By Greg Fountain Motor Industry 25 September 2008 14:37 General Motors has pitched the Corvette into the price stratosphere by announcing that the 206mph ZR1 will retail at an eye-watering £109,000 in the UK. It may be the fastest car ever built by GM, but the new 'Vette now enters big-time supercar territory, where it will need to have the quality to match its ballistic performance. The outrageous price tag is the biggest shock since we found out how genuinely brilliant the ZR1 is to drive.

Toyota GT86 & Subaru BRZ getting Cosworth Performance upgrades (video)

Cosworth promise power upgrades for the FA 20 engine Ever since the Toyota GT86 and Subaru BRZ arrived as ‘affordable’ sports cars with a focus on the dynamics rather than outright power, there’s been endless claims and rumours that more power is on the way. As far back as 2011, Subaru in the US confirmed that a turbo version of the BRZ’s 2.0 litre FA20 Boxer engine was under development although, to be fair, they didn’t say it was actually heading for the BRZ. And just last year, Subaru teased what we thought could be a more powerful BRZ STI, but that turned out to be a BRZ tS with go faster bits but no more actual power.