Ford posted a decline in first-quarter earnings, strained by losses in Europe and Asia while North American profits rose. The company reported pre-tax operating profit of $2.3 billion, down $544 million from the first quarter of 2011. Operating profit in North America increased to $2.
All three engine offerings for the 2013 Ford Escape were certified by the EPA to get 30 mpg or more on the highway, Ford said. Ford has redesigned the Escape for 2013 and dropped the V-6 engine option in favor of a top-of-the-line 2.
General Motors appointed a Dell executive to a newly created post to oversee its OnStar and infotainment divisions. Mary Chan has been named vice president in charge of global connected consumers, GM said today.
Daimler's Chief Financial Officer Bodo Uebber refuted speculation on Friday that the company could be acquired, amid news reports that Gulf emirate Abu Dhabi and its Aabar investment fund is exiting its stake.
Daimler reported an unexpected increase in quarterly earnings as the company delivered a record number of Mercedes cars. Earnings before interest and taxes rose 4.9 percent to 2.13 billion euros ($2.81 billion) from 2.03 billion euros a year ago.
Kia posted first-quarter profit that beat analyst estimates on demand from Europe, the United States and China. Net income rose 26 percent to 1.2 trillion won ($1.1 billion) in the first quarter from 953.2 billion won a year earlier, the carmaker said on Friday.