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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.
New 2015 Volvo XC90 – first exterior photo
Tue, 12 Aug 2014The new Volvo XC90 (pictured) arrives in 2 weeks The reveal of the new 2015 Volvo XC90 is only two weeks away – although probably overdue by many years – and Volvo continue to pique our interest with more information on the new XC90. Top of Volvo’s information list this time is their new Scalable Product Architecture (SPA) which underpins the new mXC90, but in the process they have revealed the first exterior photo of the new XC90 (although the exterior has already been revealed), although it is only a front-end detail photo. What it does show is the XC90′s new headlights – complete with running lights Volvo has dubbed ‘Thor’s Hammer – which look similar to those found on a number of Volvo’s recent concepts, a much bigger grill than we’re used to seeing on a Volvo and a sculptured bonnet.
Rolls-Royce Celebrates 110 Years Of Excellence
Wed, 07 May 2014LUXURY car make Rolls-Royce has celebrated its 110th anniversary in style, with a gathering of cars at both Goodwood motor racing circuit and Manchester’s Midland Hotel. The locations are significant, as the Midland Hotel was the setting for the first meeting of Charles Rolls and Henry Royce. Meanwhile, Goodwood has become the marque’s adopted home since the split from Bentley and sale to BMW.