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West Hollywood, California, US
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BMW M5 comes alive with all-wheel drive
Tue, 03 May 2011The 2012 BMW M5 will come with a handful of firsts for the sedan. It will be the first time the car houses a turbocharged powerplant, the first time a dual-clutch gearbox is used and, most importantly, the first time the M5 gets all-wheel drive. That's the word from BMW brass in Shanghai, where Albert Biermann, head of BMW M's research and development, confirmed the powertrain, Autocar reports.
'Need for Speed' Mustang to be auctioned at Barrett-Jackson
Fri, 28 Feb 2014With the release date of “Need for Speed” looming on March 14, Ford said on Friday that the film's star, a customized 2014 Mustang GT, will roll across the auction block April 12 at Barrett-Jackson in West Palm Beach, Fla. The silver screen celebrity is not your average GT. It was massaged by the folks at Ford and given a bag full of goodies.
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.