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News watch May 2011: today's auto industry news

Come to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourTuesday 31 May 2011 • Canada will look to sell their 1.7% share in Chrysler to Fiat, but will be biding their time to see what the US goervment obtain for their own share first.  (autonews.com)• Nissan's St Petersburg, Russia assembly plant will shut down for five days due to lack of engines. The plant, which builds the X-Trail, Murano and Teana midsize saloon models, receives its engines from Japan.

1965 Shelby Daytona Cobra sells for $7.25 million at Monterey auction

The championship-winning 1965 Shelby Daytona Cobra Coupe CSX2601 sold for a record $7.25 million on Saturday at an auction in Monterey. The sale is believed to be a record for an American car at auction. Bob Bondurant drove it to victory in the 12 Heures du Reims--fittingly on the Fourth of July in 1965 to secure the FIA title.

Mercedes-Benz introduces nine-speed automatic gearbox

Mercedes-Benz has quietly slipped a new nine-speed automatic into its lineup as standard equipment on the European market E350 BlueTec. The new in-house produced unit, known internally under the name 9G-Tronic, has long been slated for selected Mercedes-Benz models. However, its existence was officially denied until the weekend, when Mercedes-Benz's German language website configurator went live with various updates for the E-class lineup -- including an entry signaling the 9G-Tronic is now available on the standard rear-wheel drive E350 BlueTec in place of the older seven-speed.