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Subaru BRZ tease & new Subaru Hybrid concept at Tokyo

Subaru BRZ teased ahead of Tokyo We’ve seen speculation on the Subaru BRZ – Subaru’s version of the Toyota FT-86 – increase hugely as the arrival of the production version of the BRZ approaches at the Tokyo Motor Show in just a few weeks. The general consensus is that the BRZ will get something around 295bhp – after a Subaru spokesman said the BRZ will have ‘less than 300bhp’ – but we really have no idea how much more powerful the BRZ will be than the FT-86. So when we got an email in this morning with a teaser image for the production-ready BRZ, we thought maybe Subaru has decided to put us out of our misery.

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.

Kia going rear drive

Kia told its dealers it will launch a new full-size rear-wheel-drive flagship sedan in the U.S., and it is expected to be in showrooms here early next year. Kia's first-ever U.S. RWD production sedan will be called the K900 and is the same vehicle sold as the K9 in South Korea and as the Quoris in other overseas markets.