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Daimler agrees to unload remaining Chrysler stake
Mon, 27 Apr 2009Daimler 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 Review (2013 MY): 3.0 litre Diesel Portfolio
Sun, 09 Dec 2012We’ve got the 2013 MY Jaguar XJ in Portfolio trim with the 3.0 litre diesel engine and the new eight-speed gearbox and stop-start in for review and road test. But even though it’s changed little in the three years since it debuted, the XJ has changed minds about what a big Jaguar saloon should be; no longer the staid old man’s carriage of choice with a pipe holder in the centre console, but instead a stand-out car in its sector with better dynamics than anything else. The looks have grown on a sceptical public too, and the XJ is now viewed as a real Jaguar; it doesn’t garner crowds as it did in the early days, but it’s still a car that passing strangers feel warrants comment, comments which have always been complimentary when the big Jag has been with us.
Ferrari F12: Best Supercar & Luxury Car
Sun, 14 Oct 2012The Sunday Times has voted the new Ferrari F12 Berlinetta as its best Supercar and best Luxury car ahead of the first F12s arriving in the UK. The gripe we had was that the gong was awarded on nothing more than a good look at the new Range Rover and a brief ride as a passenger. Which rather taints the accolade.