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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.
Still Too Many Having One For The Road
Mon, 27 Jan 2014NEW figures point to an average of 200 drivers arrested per day for drink driving related offences over the past Christmas period. The data, from the Association of Chief Police Officers (ACPO), show that 6,550 drivers gave positive breath tests or refused or failed to give a test out of 191,040 drivers. The campaign ran from November 29 to January 1 across England, Wales and Northern Ireland.
Hamilton rises again
Mon, 31 Mar 2014LEWIS HAMILTON stayed true to the philosophy he has inked on his back as a victory to savour ignited his Formula One world title challenge for this year. The words 'Still I Rise' are tattooed across the top of his shoulders - and also adorn his helmet from this season - and are a reminder that in adversity there remains the capacity to perform and achieve. After enduring an unhappy season-opening Australian Grand Prix two weeks ago that was littered with technical problems, one of which forced his retirement after just two laps, Hamilton rose above such disappointment to clinch his first win in Malaysia, and 23rd of his F1 career.