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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.

Jaguar XJ Review: Long-term Jaguar XJ departs

Our long term Jaguar XJ goes home Doesn’t time fly when you’re having fun? It seems only five minutes since we wrote that our long-term Jaguar XJ would be here until ‘… the leaves are coming back on the trees in the Spring’. And here we are – officially in Spring – and the trees are in bud and our XJ has gone.

New Touareg shows its face

By Nathan Millward Motor Industry 20 September 2006 02:29 Here are the first official photos of Volkswagen's facelifted Touareg, already uncovered during hot weather testing by CAR Online. A chrome effect grille surround and Eos-inspired headlights bring the luxury 4x4 in line with VW's latest models, while at the rear, revised lights, bumper and exhaust pipes spruce up the Touareg. New safety gadgets are introduced.