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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.
BMW announces New York auto show lineup
Thu, 13 Mar 2014BMW is bolstering its lineup for the New York auto show. Along with a handful of revised vehicles, the BMW X5 eDrive concept will be on stage showing off the latest technology in the company's goody bag. The BMW X4 Sports Activity Coupe will offer its version of an off-road coupe with multiple choices under the hood.
Porsche Cayenne facelift (2014) first official pictures
Thu, 24 Jul 2014By Phil McNamara First Official Pictures 24 July 2014 09:21 Porsche is revamping its flagship Cayenne SUV, boosting performance and economy, improving comfort and specification, and introducing – it claims – a ground-breaking plug-in hybrid model. The five-model range will be in dealerships from 11 October, priced from £49,902 for the base diesel. For speed, the uprated Cayenne Turbo is the obvious flagship, but the Cayenne S E-Hybrid is a bit more three-dimensional.