The debut of a new S-class sedan usually puts the competition on edge. A redesigned 2014 S-class sedan goes on sale this fall. The timing couldn't be better as U.S. auto sales are expected to continue expanding this year.
If you have watched even a few minutes of television news in the past few days, you are probably well aware the United States is less than a day away from another fiscal crisis. So why isn't the auto industry panicking?
Chrysler Group is investing $374 million into several Indiana transmissions plants responsible for building eight- and nine-speed transmissions, the company said. After months of preliminary steps, Chrysler will invest $162 million in an empty Tipton, Ind.
Mazda plans to grow in Europe as it bets on the success of the CX-5 compact crossover and the new Mazda6 mid-sized sedan and wagon to help it defy a stagnant market where most other volume brands are being hit by declining sales.
Daimler has nominated the former CEO of U.S. cosmetics giant Avon to the supervisory board in an effort to increase female representation. "Andrea Jung has excellent management and market knowledge," particularly of North and South America and Russia, Daimler said.