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Kia four-door sports sedan concept

Kia isn't giving much away about its Frankfurt-bound concept car, indeed it hasn't even released its name yet, referring to it as the 'four-door sports sedan concept.' The press release talks of it as 'signalling a distinctive new design direction' for the Korean brand, yet the now-familiar 'tiger-nose' grille and Optima-esque A-pillar/cant rail/C-pillar highlight are very much in evidence. "No matter from which perspective you look at it - this concept car is roaring with energy and ready for take-off," says Peter Schreyer, Kia Motors Chief Design Officer."I believe the car is a strong statement from Kia: we are ready to fast forward to an all new chapter." We'll bring you full details (and hopefully a name) from IAA next month. Photo gallery: Kia four-door sports sedan concept  

2013 Lamborghini Gallardo Spyder revealed

The 2013 Lamborghini Gallardo Spyder has been revealed, joining the 2013 Gallardo Coupe as the last facelift for the Gallardo range. Now we get the 2013 Lamborghini Gallardo Spyder – the open air Gallardo – with much the same minor tweaks to keep the Gallardo range fresh until we get its replacement. That means a bit of fiddling at the front and back for some sharper lines and a bigger outlet at the back to improve cooling for the Gallardo’s V10, which offers 560bhp and 0-62mph in 4 seconds, and the Gallardo LP560-4 Spyder gets a new set of polished alloys.

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.