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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.

VW Pickup concept (2008): first official photos

By Chris Chilton First Official Pictures 24 September 2008 18:00 He’s designed Alfa Romeos, Audis and even a Lamborghini but now Walter de'Silva has gone all humanitarian and designed a pick-up.  VW’s first small flatbed since the Mk1 Golf-based Caddy will take on trucks like the Toyota Hilux and Mitusbishi L200 when it goes on sale late in 2009. It is, but not for long. This thinly veiled concept, called simply Pickup Concept, has been designed as a search and rescue vehicle for coastguards but essentially this is what badge-conscious UK builders will be driving in 2009. The new Volkswagen corporate face with its monobrow top grille and wide mouth is likely to be carried over mostly unchanged to the cars that will roll off the South African production line, as will the surprisingly stylish interior which features hooded instruments and Audi TT-style air vents. Mechanical details are sketchy but Volkswagen claims that engines will be common-rail diesels which rules out the old-tech 2.5 five pot that powers many of VW’s current commercials.

Syd Mead's 'Progressions' exhibition featured on CarArt.us

CarArt.us, the largest online automotive art gallery, is featuring art from world-renowned futurist Syd Mead's 50-piece ‘Progressions' exhibit, a retrospective spanning more than 50 years. Mead's work is shown in chronological order, starting from 1957's Bugatti concept and tracking his progression all the way up to 2010's Megacoach. Highly influential futurist Mead graduated with distinction from the Art Center College of Design in Los Angeles in 1959, beginning his career at Ford's Advanced Styling Studio in Dearborn, Michigan, before establishing Syd Mead, Inc.