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Meadow Brook concours celebrates the 'Best of Detroit'
Tue, 28 Jul 2009For years, the Meadow Brook Concours d'Elegance has been one of Detroit's best-kept secrets. And this weekend, the show will turn the tables a bit as it celebrates its 30th anniversary by honoring the “Best of Detroit” with a large presence of cars that symbolize the wide-ranging influence of the three automakers whose roots are in Detroit. The annual festival of historic chrome and sheetmetal culminates Aug.
Lotus Sport 2-Eleven GT4 Supersport first photos
Thu, 13 Nov 2008Lotus Sport 2-Eleven GT4 Supersport first photo. It's a 2-Eleven, just harder By Tim Pollard First Official Pictures 13 November 2008 11:55 Lotus 2-Eleven not hardcore enough for you? The Norfolk sports car maker yesterday whisked the covers off the GT4 Supersport race car.
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.