Ford, a laggard in the U.S. luxury-auto market, said its Lincoln brand sales rose about 30 percent this month as it introduced new advertising for the revamped MKZ sedan ahead of rivals' holiday promotions.
Daimler would like to expand its cooperation with Tesla Motors, a top Daimler executive said today. Tesla is supplying electric motors and batteries to Daimler for its Smart Fortwo EV and the new Mercedes-Benz B-Class EV that goes on sale next year in the United States and Europe.
I can hear the commercials now. "Buy a [insert car here] and get 50 percent off on Starbucks coffee! The coupon code will pop up on your vehicle's screen. All you have to do is scan it with your phone and show it to the barista!" This isn't a far-fetched scenario.
Mazda said its profits in the quarter ended Sept. 30 surged on exchange-rate gains and higher sales. Net income jumped 60 percent to 19.53 billion yen ($198.5 million) as revenue rose 24 percent to $6.5 billion.
Fiat's Serbian unit has halted production after a supplier was unable to deliver parts, the company said on Thursday. "Production ceased on Wednesday and we still don't know when it will resume," Fiat spokeswoman Aleksandra Rankovic said.
Fiat-Chrysler CEO Sergio Marchionne has promised his fourth revival strategy in nine years for the struggling Alfa Romeo brand. Alfa's future is a key part of Marchionne's effort to turn around Fiat Group, which just lowered its profit target for 2013 because of persistent losses in Europe.