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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.

McLaren F1 – The perfect safe haven in troubled times

The McLaren F1 (along with its ‘Super’ brother, the LM) is considered by many to be the ultimate road car. Light, fast and enormously desirable, the F1 has been a stunning success story. Initially conceived in the late ’80s, and coming to fruition with the launch of the first road car in 1995, just 65 road-going F1s where made between 1995 and 1998, with 5 further LMs (6 if you count the prototype, which is still owned by McLaren and promised to Lewis Hamilton if he pulls of the double World Championship by winning in 2009).

Bugatti to unveil “Lang Lang” Veyron at Qatar motor show

Bugatti will reveal another special edition of the Grand Sport Vitesse called “Lang Lang” at the 2014 Qatar International Motor Show later this month, built to honor the Chinese pianist. We’re assuming this is one of the 40 convertibles the company needs to sell before it starts building new cars. The two-tone exterior features lots of polished black carbon fiber that’s really set off by the “Blanc Atalante” white accents.