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Honda continues with winning formula for CR-V
Fri, 31 Aug 2012Honda published the details of the 2013 CR-V small SUV on Friday. It was revamped last year so it basically carries on with minor changes. The CR-V is among the best-selling SUVs in America and will get more than 30 mpg on the highway from a 2.4-liter four-cylinder engine with 185 hp and 163 lb-ft of torque.
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.
Mercedes-Benz Citan
Fri, 03 Feb 2012Mercedes-Benz has released these images of its new urban delivery van, the Citan. The small panel van moves Mercedes-Benz into a hotly contested section of the market, against established rivals such as the Volkswagen Caddy and Ford Transit Connect. The Citan will be available in a variety of body configurations from the two-seat version shown in the sketches to a crewbus, as well as a variety of options of both length and weight.