Daimler will receive €2.43 billion ($3.36 billion) for its 50 percent stake in an engine joint venture from partner Rolls-Royce Holdings Plc.
Mazda MX-5 25th anniversary edition unveiled
The new Mazda MX-5 Miata 25th Anniversary Edition debuts today at the New York Auto Show, along with a newly-developed SKYACTIV-Chassis that will form the basis of the next generation all-new Mazda MX-5.
Renault invests €240 million in Brazil
Renault will invest €240 million ($331 million) to build additional vehicle models and a new logistics centre in Brazil.
MINI announces revised Countryman
MINI has revised the Countryman with slight tweaks to the exterior styling and improved engines for better fuel economy. The revised car is priced from £16,990 and will be available to order from June.
Manheim Predicts a Buyers Used Car Market in the Summer
Though average used car auction prices continue to rise, Manheim predicts that more cars coming to market will soften prices by the summer.
Manheim’s latest Market Analysis shows that average prices or part-exchanges sold at its auctions continued to rise during March 2014 with values reaching £3,285, which is a £69 increase when compared with the previous month.
