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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.

Nissan X-Trail stars at the 2013 Frankfurt Motor Show

Nissan has revealed its much-needed new X-Trail here at the 2013 Frankfurt Motor Show – a genuinely global car that will now be sold in 190 countries around the world from 2014. The new Nissan X-Trail has evolved to become more of a crossover model than the traditional 4x4-look old version: Nissan reckons it is the ‘ultimate all-weather highly capable modern family vehicle’.

Fiat 500C Prices announced – and the UK gets it first!

Fiat has announced UK Car Prices for the 500C - and the UK is the first in Europe to get the 500C [ad#ad-1] Fiat, on something of a roll at the moment, revealed the latest version of the terrific Fiat 500 – the convertible Fiat 500C – at the Geneva Motor Show earlier this month, and has now revealed prices for the UK. The Fiat 500C will be on the roads by the Summer in the UK – ahead of anywhere in Europe, including Italy – and will no doubt prove to be as successful as its tin-topped siblings. Starting point for the 500C is £11,300, rising to £14,100 for the high-spec ‘Lounge’ version.