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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.

BMW Vision Efficient Dynamics (2008)

By Tim Pollard First Official Pictures 22 February 2008 00:01 BMW has already scooped CAR’s green award for its Efficient Dynamics eco package being rolled out onto its current range. But at the 2008 Geneva Motor Show, the Bavarians will unveil their vision for the next generation. Dubbed Vision Efficient Dynamics, it’s an X5 equipped with the latest gizmos to reduce the amount of fuel you put into the tank and the gases pumped out of the exhaust.

Mercedes SLS AMG – Dancing on the ceiling

The Mercedes SLS AMG can 'Dance on the Ceiling' Every car maker wanting to boast about the ground-effect prowess of their cars will claim they could – in the right circumstances – drive upside down on the roof of a tunnel. But to the best of our knowledge it’s never actually been done. Clarkson had a bash in a Twingo in Belfast in the last series of Top Gear, and every F1 team will claim their cars can manage it.