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Citroën to unveil flagship model in Beijing

Citroën has released two teaser images for a new luxury flagship model to be unveiled at the Beijing motor show next month, as part of its efforts to reposition the brand further upmarket with its DS model range. The car, which is to be the automaker's fourth and largest model in its DS range, appears to be a direct descendent of the Citroën Metropolis Concept, first seen at the Shanghai World Fair in 2010. Although it is unclear whether or not the model seen in the pictures will be the production version of the Metropolis, the two clearly share many design features.

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.

The name’s Evoque, Range Rover Evoque

Is the Range Rover Evoque heading for a starring role in the new James Bond film? There’s nothing quite like a car front and centre in big a film to up its profile. Look at what Bond did for Aston Martin and vampires for Volvo.