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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.

Hyundai i-oniq: New Hyundai concept at Geneva 2012

Hyundai i-oniq Concept - Geneva bound Hyundai has revealed a single teaser image of a new concept they will take to the 2012 Geneva Motor Show – the Hyundai i-oniq. What are we to make of the Hyundai i-oniq Concept? Probably, we’re supposed to speculate as to exactly what it could be, as Hyundai aren’t interested in telling us much about it yet.

New Nissan Note production starts in Sunderland

The New Nissan Note goes in to production The new Nissan Note arrived at the Geneva Motor Show in March, and has turned in to a proper compact hatch – with plenty of kerbside appeal – instead of the rather bland small MPV it used to be. With better looks, some nice styling detail and lots of technology on offer – like Blind Spot Monitoring, Lane Departure Warning and Moving Object Detection, the new Note looks set to have much more impact when it arrive’s in Nissan’s showrooms than the old Note ever did. That point of view is given extra credence by the 14,000 orders Nissan has received for the new Note in Europe since it went on sale in July, and now the first Notes are ready to start rolling off the production line at Nissan’s plant in Sunderland.