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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.

Toyota FT-1 Evo - Toyota shows ‘real-world’ Supra concept

By Tim Pollard First Official Pictures 14 August 2014 11:33 Has Toyota dropped a hint that the glorious FT-1 concept car could be bound for a showroom one day? It today unveiled new photographs of the super-coupe, calling it ‘a real-world’ version. Toyota has form here, remember.

Stirling Moss recovering after breaking ankles in fall down elevator shaft at home

Racing legend Stirling Moss is recovering after falling three floors down an elevator shaft in his Mayfair, England, home. The 80-year-old broke both ankles in the fall, as well as four bones in his feet. He also suffered injuries to his vertebrae.