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Lexus to unveil new concept at Detroit 2012

Lexus has released a second teaser shot of its new concept car, set to be unveiled at next month’s Detroit auto show. This glimpse inside the Lexus sports car reveals an elegant cabin; we assume the photograph has been cropped to show just one front seat and it is in fact a two-seater. All will be revealed at the NAIAS in January 2012.

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.

Vauxhall planning City Car

The 2004 Opel TRIXX Concept With the world and his dog seemingly trying to squeeze in to smaller and smaller cars, it should come as no surprise that Vauxhall/Opel’s new boss in Europe – Nick Reilly – says that the number one priority for GM in Europe is a new City Car. After all, what was once considered as small as you need to go – the Corsa or the Agila – seems something of a heffalump compared to many of the city cars flooding in to our cities. So how far down the line are Vauxhall with their City Car plans?