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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.

Ford Focus Facelift price and spec – costs from £13,995

The new Ford Focus will be in dealers in November 2014 The facelift for the Ford Focus was revealed back in February, but only now are Ford getting their act together with prices and specifications, and the new Focus won’t be in Ford’s UK showrooms until November. Key changes for the new Focus include the new family grill (well, the ‘Aston’ family grill), some tweaks to the lights and alloys and a less cluttered, more upmarket interior, new engines and chassis changes. Ford has retained the same model line-up for the new Focus – and the same starting price – with the Focus Studio ((from £13,995), Style (£16,795), Zetec (£18,295), Zetec S (£20,045), Titanium (£19,795) and Titanium X (£21,795) which means the starting price stays the same and the top-end Titanium models drop by £100.

Theory test fee to fall

LEARNER drivers will have to fork out less for their theory tests - saving would-be motorists around £100 million over the next decade. The cost of a theory test is being slashed by 25% in October, taking the cost down from £31 to £25, and with a further drop of £2 lined up for October next year. Theory test fees for motorbikes and other vehicles are also set to be cut, a spokesman said.