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Ford funks up the Focus

By Phil McNamara First Official Pictures 11 September 2007 04:34 Facelift for the Focus: all the details Ford is funking up the Focus with a mid-life facelift. Aside from the Mondeo-esque nose, the major talking point is a double-clutch transmission on the flagship diesels. It’s good news for the Focus, which would have looked pretty bland on the Blue Oval’s Frankfurt stand next to Ford’s other unveilings, the Verve supermini concept and the Kuga SUV.

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.

Jeep pickup at least 4 years away, CEO says

Jeep CEO Michael Manley says a pickup truck remains a high priority but a Wrangler-based hauler is at least four years away. "It is too late in Wrangler's product cycle to add a pickup. The 2015 or 2016 time frame makes more sense," Manley said during an interview at the Frankfurt auto show.