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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.
Ford Tourneo Custom
Fri, 23 Mar 2012The Tourneo Custom – which will take the iconic Transit name in commercial vehicle form – was first unveiled in concept form at the 2012 Geneva motor show and has been confirmed for production. The Transite/Tourneo follows Ford's Kinetic design approach that features on the company's passenger car range, including a sportier stance, bold rising shoulder line, flush glazing, distinctive trapezoidal grille and prominent wheel lips. Available in eight or nine seat configurations as a passenger vehicle, the Tourneo Custom comes in both short and long wheelbase, which measure in at 4,970mm and 5,430mm respectively while the vehicle stands at less than two meters high.
BMW i3 EV will cost from £30,680 – less than we expected
Mon, 22 Jul 2013The new BMW i3 EV (teased above) will costs from £30k The new BMW i3 electric City Car is due to be revealed in production guise on 29th July, ahead of which BMW has revealed it will cost from £30,680 – meaning a showroom sticker price of £25,680 after the EV taxpayer ‘grant’. That price is for the pure EV i3 – not the range-extender – which comes with a rear mounted 168bhp electric motor, a top speed of 93mph and a range (in ideal conditions) of around 80 miles between charges. At a retail price of £25k, the i3 compares favourably with other EVs like the Nissan LEAF, which costs from £21k, and the Chevy Volt at £30k (although that is a range extender).