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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.
Chevrolet UK has its best ever year
Fri, 09 Jan 2009Now admittedly, Chevrolet UK is not starting from a point of market dominance in the UK, but any manufacturer who has managed to increase sales in 2008 is obviously doing something right. Chevrolet UK has announced that in 2008 it managed to increase its market share in the UK by 12.5%, from 0.76% to 0.86%, with total sales for the year of 18,372 cars (which is only a smidge higher than 2007, but the lower total sales for the UK Car market in 2008 meant a significant increase in market share for Chevrolet). Chevrolet Cruze - Launches in the UK in 2009 These are not figures that are going to frighten the pants off Ford and Vauxhall, but they are an indication that a certain part of the car buying public in the UK are looking at price as a major factor, and are prepared to sacrifice a degree of driving joy to get in to a new car at a lower price.
Aston Martin V8 Vantage N420 launches
Tue, 06 Jul 2010The Aston Martin V8 Vantage N420 hits the roads next month The only surprise about the new Aston Martin V8 Vantage N420 is that Aston Martin has chosen to reveal it today rather than this last weekend at Goodwood. But at least it gives us some supercar news even though Goodwood is over for another year. If you remember the last stripped down, lightened and ‘Superleggera-fied’ Aston Martin Vantage – the V8 Vantage N400 – you’re not going to be struggling too much to work out what’s on offer with the Aston Martin V8 Vantage N420.