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Daimler agrees to unload remaining Chrysler stake
Mon, 27 Apr 2009Daimler 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.
Frankfurt motor show 2011 photo gallery
Tue, 13 Sep 2011The Volkswagen stand was absolutely rammed with metal. They've already shown the Polo R WRC car - but just look at it! Can't wait to see it on dirt from next year Volkswagen showed the Nils - a vision for a single-seater commuter EV for future cities Inside the VW Nils Land Rover showed two concept cars Upright, square, wheel on the back... could only be a Land Rover Land Rover DC100: sounds like a plane, one of the hits of Frankfurt Land Rover showed a brace of concepts, both looking to the new Defender due in 2015.
2012 Chevrolet Camaro arrives in the UK – priced from £34,995
Tue, 14 Feb 2012The Chevy Camaro hits the UK The 2012 Chevrolet Camaro hits the UK – as a Convertible or Coupe – with a 6.2 litre V8 and starts from £34,996. There’s no substitute for cubic inches, or so American car lovers would have us believe. And if you share that sentiment you can now get yourself a Detroit Muscle car in the UK, with the launch of the Chevy Camaro Coupe and Convertible.