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Redesigned Opel Astra revealed ahead of Frankfurt rollout

Opel, General Motors' financially embattled European subsidiary, has ripped the covers from its sixth-generation Astra ahead of the car's planned debut at the Frankfurt motor show in September. The five-door hatchback traditionally is one of Europe's best-selling models and originally was expected to play an important role in the Saturn lineup in the United States. Under GM's pared-down lineup, the Astra's Delta 2 chassis is likely provide the underpinnings for a small Buick, initially in China, and then in the United States, depending on market conditions.

Citroen at the Paris motor show 2008

By James Foxall Motor Shows 02 October 2008 11:59 Citroen is one of the show stealers this year with a stunning-looking concept car that you can actually drive, courtesy of a tie-up with PlayStation. But the firm’s stand had something for everyone, with 34 models including the new C3 Picasso, BMW X6-like Hypnos concept and even a hybrid World Rally Championship car.  This was the first car the firm unveiled in Paris and the one it spent most time talking about. It’s a Renault Modus-rivalling baby people carrier which goes on sale early in 2009.

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.