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BMW 328 Hommage Villa d’Este debut

BMW 328 Hommage - pays tribute to the 1936 328 The BMW 328 of 1936 is an legendary car in the annuls of BMW history. It set the highest average speed at the Mille Miglia circuit in 1940 at 103mph, and still holds the record today. It was one of the first BMWs to showcase the now familiar kidney grills, and it was made to be light and nimble with the use of aluminium and magnesium.

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.

Civic hybrid tests Honda's new strategy

Despite being the first to sell an electric-gasoline car in the United States and making hybrid technology a centerpiece of its fuel economy push, Honda Motor Co. has yet to have a hybrid hit. But the redesigned Civic Hybrid, launched April 20, is the first test of whether Honda's new strategy of tapping lithium ion batteries and, later, two-motor systems can break the streak.