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Daimler may sell company-owned German dealerships to cut costs

U.S. retail group Penske said to be interested in taking over outlets
May 22, 2013 13:19 CET

Daimler 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 close r&d site to reduce spending
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    Opel keeps Bochum logistics center open to fulfill contract
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    Former Saab CEO Jonsson, two other execs arrested on tax charges
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    Marchionne apologizes for 'wop engine' comment
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    Mercedes workers end strike in S. Africa
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    Dongfeng-PSA sales rise 37% in April on new models
    May 21, 2013 08:49 CET

    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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    French car orders fall 0.5% in April, survey says
    May 21, 2013 15:06 CET

    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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    BMW counts on new models to keep U.S. luxury lead
    May 20, 2013 06:01 CET

    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 overtakes BMW as most valuable global car brand
    May 21, 2013 01:15 CET

    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 overtakes BMW as India's top-selling premium brand
    May 18, 2013 06:01 CET

    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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    PSA workers end 4-month strike over car plant closure
    May 17, 2013 15:05 CET

    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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    VW Group sales increase 7% in April
    May 17, 2013 12:06 CET

    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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    VW, GM, others get unexpected boost in China
    May 17, 2013 06:01 CET

    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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    ANALYSIS
    New S class key to boosting Mercedes profit margins, China sales
    May 17, 2013 06:01 CET

    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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