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Lexus Hybrid sales top half a million

Lexus has revealed that they’ve sold more than 500,000 hybrid cars, with the Rx 450h the top seller and the CT 200h catching fast. Unsurprisingly, as it was the first Lexus hybrid to be introduced in 2005, the biggest seller - accounting for half of all Lexus hybrid sales to date (259,000) – has been the RX 400h / RX 450h, but the CT 200h, which was only introduced in 2011, is catching up fast with sales to date of 122,000 to date. During the last seven years Lexus hybrid sales have risen from 26,000 to 113,000 a year and 25 per cent of those Lexus hybrid sales now happen in Europe, even though we don’t get cars like the HS 250h (56,000 sales) and the ES 300h (8,000 sales).

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.

Watch a Volvo find its own parking spot

Cars that can navigate into a preselected parking spot have been around for a few years now, and they've proven that under the right conditions they can pull it off successfully most of the time. But what about a car that finds its own parking spot just after you step out? Volvo is about to show a car that can do just that, and it manages this feat without an array of sensors on the roof that make the car look like a military aircraft.