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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.

Future products: Leaf EV is just the start of Nissan lineup overhaul

The next 18 to 24 months will bring a major renewal of Nissan Division's lineup. In the coming weeks, the brand will see four new products released or revealed: the Juke crossover, electric Leaf sedan, redesigned Quest minivan and an ambitious but perhaps polarizing convertible Murano crossover. Late next year, Nissan will begin showing a string of restyled high-volume car lines, including the Altima and Versa.

Aston Martin DBS Volante – Just in time for Summer!

After a break on the embargo on the details of the DBS Volante earlier today, Aston Martin has decided to give us the details on the new car ahead of the launch at Geneva next week. As you would expect, it looks wonderful. Still the same gorgeous shape as the coupe, but with a dose of sun for those who want to pose.