Craftsman Professional 3/4 Stubby Wrench on 2040-parts.com

BMW 3-series (2012) goes all-wheel drive

BMW's latest 3-series model is gaining all-wheel drive in an effort to win over buyers otherwise seduced by Audi's Quattro drive. The option is part of a wider extension of the BMW 3-series range, which will include a hybrid, and the ever-popular M Sport trim design. Is rear-wheel drive dead at BMW?

Report: Interior Motives China Conference 2011 – Day 1

Over 300 industry delegates gathered for the opening day of the annual Interior Motives China conference, which this year takes place in Shanghai, just a few days prior to the opening of the international auto show on Tuesday. Interior Motives is CDN's print magazine and this is its 4th annual gathering in China. The title of this year's conference is 'The challenge of being different: establishing a local design direction for China's maturing market', a pertinent topic now China has become the biggest new car market in the world.

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.