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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.
Nissan Mixim concept (2007): first official pictures
Wed, 29 Aug 2007By Tim Pollard First Official Pictures 29 August 2007 02:30 Nissan Mixim: the lowdown This outlandish electric sports car will form the centrepiece of Nissan's Frankfurt Motor Show stand. As you can tell from its squashed insect looks, the Mixim is no production car in prick-tease show-off mode. This is a far-flung fantasy on the long-distance radar of Nissan's product planners.
Mercedes GLA 45 AMG Concept: Los Angeles Auto Show (video)
Thu, 21 Nov 2013The Mercedes GLA 45 AMG Concept has been revealed in LA Over the weekend we had a teaser video from AMG for the GLA 45 AMG Concept, although Mercedes didn’t actually name it as such. But a GLA with the same powertrain as the A 45 and CLA 45 AMG is exactly what Mercedes’ AMG concept tease was, and it’s now been revealed in LA ahead of a likely debut in production form in 2014. The GLA 45 AMG Concept gets bold graphics – something buyers would be unlikely to want – and 21″ forged alloys painted matt black with a red rim and red brake callipers to shout its intent.