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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.

New Audi A8 Hybrid at Frankfurt – on sale in 2012

2012 Audi A8 Hybrid arrives at Frankfurt Audi turned up at the Geneva Motor Show in 2012 – just a few months after the launch of the New A8 – with a fully-featured concept of an Audi A8 Hybrid. At the time we expected them to roll out the A8 with hybrid gubbins by the end of 201, but that didn’t happen. Now, Audi are bringing the A8 Hybrid to the Frankfurt Motor Show next month in full production guise, ready to go on sale in 2012.

2015 Chevrolet Cruze gets a facelift and new connectivity

The 2015 facelift for the Chevrolet Cruze Saloon With the New York Auto Show looming this month, Chevrolet has revealed a facelift for the Cruze for the 2015 MY, although it’s unlikely the UK will see it. With GM trying to make sense of its European operations, it plans to drop the Chevrolet brand from the UK and Europe and concentrate on VAuxhall and Opel, so it seems likely the updates to the Cruze will be just of academic interest to buyers on this side of the Pond. Cosmetically, the changes are not huge for the Cruze saloon with the usual fodder of titivated lights (the addition of LED running lights on high-end models), a tweaked front end and some new colour choices.