Detroit Electric, a startup electric-car maker reviving a brand that dates back more than a century, unveiled its first model on Wednesday: a $135,000, battery-powered sports car that is to go into limited production in August.
The slide in the yen has turned Mazda's biggest weakness into its biggest strength. All Japan's most export-dependent automaker has to do now is sell more cars. Still, more-profitable exports and cost reductions may steer Mazda toward its first annual profit in five years.
A friend recently wanted my advice on leasing a new car. I've only leased a car once, but I knew enough to want to put zero cash down. I let the lender bear the depreciation risk. But many customers don't know about that risk, and few dealerships explain it to them.
Mercedes could allow China partner BAIC to build cars using its vehicle platforms, parent company Daimler said. Daimler has agreed to buy a 12 percent stake in its local joint venture partner for 640 million euros ($822.3 million).
General Motors' board will hold its quarterly meeting in Germany next week as the U.S. carmaker examines the efforts of its Opel/Vauxhall unit to become profitable. GM's European operations have lost $18 billion since 1999, but the U.S. carmaker is expecting the division to break even by 2015.
New Daimler trucks chief Wolfgang Bernhard aims to beat rivals Volvo and Scania in more than just sales. Closing the earnings gap with rivals would increase Bernhard's chances of eventually succeeding Daimler CEO Dieter Zetsche.
Mercedes plans to launch a subcompact car range with the help of Renault-Nissan, a German magazine reported. The cars, badged as X-class models, would be priced below 20,000 euros and compete with BMW's Mini brand and the Audi A1.
Volkswagen brand's U.S. vehicle sales rose 3 percent last month from a year earlier with most of the gains coming from one nameplate: the Beetle. The brand sold 37,704 vehicles in March, its third straight month of single-digit sales increases after a nearly two-year run of double-digit gains.
Germany knows just how powerful the BRIC nations have become. Once the world’s third-largest vehicle-sales market, Germany is at risk of falling to seventh in the global ranking this year because of the rise of the BRICs (Brazil, Russia, India and China).