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Ssangyong C200 at the Seoul motor show 2009

By James Foxall Motor Shows 02 April 2009 14:49 What’s new on Ssangyong’s Seoul motor show stand?There was palpable relief on the Ssangyong stand in Seoul as the motor show press day followed a company conference where its rejuvenation package had been outlined to worried importers. This is being led by the C200, a Nissan Qashqai-style crossover SUV that will come in both two -and four-wheel drive formats. Production of Ssangyong’s first ever monocoque car starts in November 2009 and it’ll be on sale in the UK for March 2010, promising a cheap alternative to traditional makers.

Bentley appoints new CEO, poached from Porsche

Bentley has announced the appointment of Wolfgang Dürheimer as its new chairman and chief executive officer. He will also head up Bugatti, as did predecessor, Franz-Josef Paefgen. Dürheimer, who joins Bentley from Porsche where he headed the research and development team, will start his new role at Crewe on 1 February 2011.

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.