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GM, Ford, Toyota sales rise on demand for big pickups, new models

Automakers reported higher U.S. auto sales for January--helped by fresh models, easing credit terms and strong demand for crossovers and big pickups--in another sign of the industry's continuing recovery. General Motors Co.'s January U.S.

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 4WD tackles the coldest town on earth (video)

Jaguar XJ 4WD (pictured) tackles the coldest town on earth If you’ve ever driven a Jaguar XJ in any amount of snow, you’ll know it’s pretty useless. You need a handy supply of snow socks and winter tyres too if you’re going to make any length of journey in seriously cold and snowy conditions without stopping to dig yourself out at regular intervals. But Jaguar now has an XJ that can tackle poor and snowy conditions in the AWD XJ (although, sadly, it’s not on sale in the UK) so they’ve headed out on a 2,000 mile round trip in temperatures down to -50 degrees to show that the 4WD XJ just keeps on going.