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Mini Coupe (2011) specifications announced

Mini has announced the basic specifications for the upcoming Mini Coupe, due to launch later in summer 2011. Mini Coupe: the spec levels The car will be available in four specification levels, starting with Mini Cooper Coupe's naturally-aspirated 1.6-litre engine. From there it's on to the 1.6 turbocharged petrol Mini Cooper S Coupe, 2.0 turbodiesel Cooper SD Coupe, and the range-topping 208bhp Mini John Cooper Works Coupe.

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.

Cadillac ATS comes to Europe in autumn 2012

Cadillac's ATS compact saloon will go on sale in Europe following the car's centre-stage appearance on the Cadillac stand at the 2012 Paris motor show next month. With provisions made for right-hand drive versions, Cadillac is clearly serious about entering the UK market again, despite the sink-without-trace disappearing act that was the BLS. Why is Cadillac muscling into Europe with the ATS?