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Last summer of speed?

If you want to enjoy driving on the unlimited-speed German autobahn, you might want to get in gear. If the opposition Social Democratic Party wins in this September's elections, party leader Sigmar Gabriel promises to form a coalition with the Green Party -- and both say they'll limit autobahn speeds to 120 kmh (about 75 mph), the German publication Bild is reporting. Not so fast, says the SDP's actual candidate for German chancellor, Peer Steinbrueck, who said he saw “no reason” to reignite the long-running debate over autobahn speeds, Bild reported.

Volvo marks 50 years of child seat with inflatable design

IT IS 50 years since Volvo first introduced the rear-facing child seat to better protect children in cars. To celebrate this half century, the Swedish firm has come up with a new inflatable child seat that is easier to install and carry. The Inflatable Child Seat Concept weights around half of what a normal child seat does.

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.