Volkswagen said it will build the XL1 plug-in hybrid, which the automaker says will be the world's most fuel-efficient production car. The XL1 is the culmination of VW Chairman Ferdinand Piech's aim to build for everyday use a car that uses one liter of fuel per 100km
Daimler swapped the roles of Mercedes production and purchasing chief Wolfgang Bernhard and Daimler Trucks head Andreas Renschler at a supervisory board meeting on Thursday. The board also extended CEO Dieter Zetsche's contract until the end of 2016.
The Consumer Financial Protection Bureau has told at least four banks that it may sue them over vehicle loans and interest-rate markups by auto dealers that appear discriminatory, three people briefed on the matter told Bloomberg.
New York's tally of vehicles damaged in superstorm Sandy has increased to 150,000, the most of any U.S. state, as the total number of cars battered in the October disaster rose to 250,000, an insurance-industry group said.
When Mercedes-Benz USA product planners detailed the latest features they'll add on three new products this year, it wasn't the technology that struck me. We all know automobiles carry lots of electronic sensors and controls. We recognize that combining different ones yields new features.
Ford will begin domestic production of its 2.0-liter, four-cylinder EcoBoost engine at its Cleveland Engine Plant in Brook Park, Ohio, in late 2014, the automaker said today. Ford will invest nearly $200 million and add 450 jobs at the plant, which will produce all 2.
Phil Smart Sr., a longtime car dealer and civic leader, died Feb. 8. He was 93. He started selling cars in the early 1950s in Seattle and eventually built Phil Smart Mercedes-Benz, which he operated for several decades.
The number of auto loans delinquent 60 days or more ticked up in the fourth quarter compared with the same quarter a year earlier, and it was the first quarterly increase for such loans in three years, according to Experian Automotive.
Daimler swapped the roles of Mercedes production and purchasing chief Wolfgang Bernhard and Daimler Trucks head Andreas Renschler at a supervisory board meeting today. The board also extended CEO Dieter Zetsche's contract until the end of 2016.