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Audi A3

Images of the next generation Audi A3 have been leaked ahead of its Geneva debut. The pictures show that the A3 has evolved gently from its previous incarnation, with more refined surfacing and intricate detailing akin to other Audi models. The familiar full-frame grille is flanked more angular LED lamps, which are reminiscent of the A3 sedan concept of Frankfurt as well as the production A1 supermini.

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.

Jaguar to end XK production after 18 years

Jaguar will this summer cease production of the XK 2+2 GT car after 18 years at the top of the Coventry firm’s model range. The decision to stop making the XK comes after the hugely successful launch of the F-Type – which, say analysts, has led to a big fall in XK sales as thousands of buyers queues up to buy the F-Type. Jaguar XK review (2009 onwards) Jaguar XKR-S Coupe review (2011 onwards) Some estimate Jaguar could triple its sports car volumes with the F-Type over the XK.