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Kia Sedona suits up for New York auto show

Kia teased its new Sedona minivan on Thursday, a week before it debuts at the New York auto show. We instantly noticed its new sheetmetal duds, which are a long way from the plain-Jane style of the old car. Information is scarce for now, but Kia did say the MPV (Multi-Purpose Vehicle) will ride on a new chassis powered by Kia's 3.3-liter direct-injected V6.

Nissan recalls Pathfinder, Infiniti QX4 for rusted steering column

Nissan is recalling at least 195,000 Pathfinder and Infiniti QX4 SUVs sold in 20 cold-weather states and the District of Columbia to inspect steering columns for rust and corrosion. Nissan is concerned that road salt used in these cold-weather states could cause the steering columns to rust through and possibly break off. In January, the National Highway Traffic Safety Administration started investigating 35 reports of corrosion-related failure of the driver's-side front strut tower.

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.