Daimler may sell company-owned German dealerships to cut costs
U.S. retail group Penske said to be interested in taking over outletsDaimler may sell four company-owned Mercedes-Benz dealerships in Germany to cut costs and help close a profitability gap with rivals BMW and Audi. Daimler owns 98 Mercedes car showrooms that account for about half of its car sales in Germany, the brand's second-biggest market after the United States. Read More »
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PSA will shut a French r&d facility as part of a program to reduce spending. ...
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Opel will keep a spare-parts distribution center open until 2016 at its plant in Bochum, Germany, as long as two years after car production ends at the site. The plant, w ...
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Three former Saab executives, including former CEO Jan-Aake Jonsson and Chief Financial Officer Karl-Gustav Lindstroem, were arrested by Swedish prosecutors in an account ...
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Fiat-Chrysler CEO Sergio Marchionne has issued a written apology to an Italian-American anti-bias organization for saying that an Alfa Romeo needed a "wop" engine. ...
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A two-day strike at Mercedes-Benz's East London car plant in South Africa ended following crisis talks between management and a workers union. ...
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PSA's China joint venture with Dongfeng Motor Corp. said it increased sales 37 percent last month to 45,303 units helped by strong demand for its stretched Citroen C4 and ...
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The decline in French car orders slowed to 0.5 percent in April, showing signs of stabilization in the auto market, according to a dealership survey by trade publication ...
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Mercedes-Benz led the U.S. premium-brand sales race through April of 2013, but BMW of North America CEO Ludwig Willisch expects BMW to repeat as No. 1 for the year. Willi ...
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Toyota has overtaken BMW as the world's most valuable automotive brand, an annual ranking of the world's top brands shows. Toyota's 2013 brand value rose 12 percent to $2 ...
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Audi has overtaken BMW as India's top seller of luxury vehicles, and Audi executives say the success is due to the automaker's rapid expansion outside large urban centers ...
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Workers at a PSA factory near Paris have agreed to end a four-month strike in protest against the planned closure of the plant. ...
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Volkswagen Group's global monthly sales picked up pace again in April after growing at their slowest rate in more than three years a month earlier. VW Group said on Frida ...
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A surprise policy shift in China is expected to give a boost to VW Group, GM and other foreign automakers planning to expand in the world's largest car market. ...
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New S class key to boosting Mercedes profit margins, China sales
Daimler CEO Dieter Zetsche was leaning back in the rear seat of a prototype Mercedes-Benz S-class sedan in 2010 when he realized it didn't recline far enough. ...
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