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UPDATED: 10/20/17 7:11 am ET

Bentley to replace CEO, 3 board members in overhaul

Wolfgang Durheimer will step down as CEO of Bentley effect February 1 and be succeeded by Adrian Hallmark, former global strategy director at Jaguar Land Rover. Bentley's heads of engineering, sales and marketing, and human resources are also stepping down.

Daimler Q3 profit falls 14% on diesel costs

Daimler's profit slumped 14 percent to 3.46 billion euros ($4.1 billion) in the third quarter as earnings at Mercedes dropped on costs to fix emissions on older diesel vehicles. It was the company's first decline in quarterly profit in more than a year.