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Daimler Financial Services expects record operating profit this year


Daimler estimates that its financial services business will grow profitably in 2013 after the company forecast a record €1.3 billion in operating profit for 2012. In the first ten months of the year, Daimler Financial Services posted all-time highs for new business and contract volume, and its operating profit (EBIT) rose above €1 billion for the first time in the first ...
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Continental AG Expects Slight Increase in 2013
Continental AG, the German car parts supplier, expects growth in its car and van business next year. "Europe will stagnate at its current relatively low level. The trough should have been ...
VW relies on Skoda to become world’s largest carmaker
VW's subsidiary Skoda is looking to grow twice as fast as its parent company by becoming the next „people's car”, thus giving up on its upmarket ambitions. The transformation is key ...
Mazda2 to be assembled in Vietnam
The Japanese manufacturer and distributor of passenger cars and commercial vehicles, Mazda, will start assembly of its Mazda2 model in Vietnam, at the company’s local distributor Vina Mazda Automobile Manufacturing, ...

latest automotive news
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The first ever production version of the Koenigsegg One:1 has been recently registered in Germany. The world’s first megacar is named ...
Next-gen Audi A8 to be the company’s first autonomous vehicle
The German based automaker Audi will soon introduce its first ever production autonomous car, in the shape of the next ...
Honda to pull the plug on the Euro-spec Accord in 2015
The Euro-spec Honda Accord will be discontinued next year as the company has recently announced. One of the most popular vehicles ...
New Nissan Concept teased for Sao Paulo Motor Show
A new teaser image with a brand new concept has been released by Nissan ahead of the model’s debut set ...
Paul Bailey buys Ferrari LaFerrari
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Lamborghini Reventon for sale
A Lamborghini Reventon, which is basically brand new, is currently being offered for sale in the Middle East. Petrol heads with ...
2015 Dodge Charger SRT Hellcat costs $63,995
The 2015 Dodge Charger SRT Hellcat is getting ready to reach its future customers with a starting price of 63,995 ...
China-made Range Rover Evoque
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US: dwindling electric auto sales bring price cuts
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2015 Volvo XC90 – official price list announced for Europe
The official price list for the brand new 2015 Volvo XC90 has been recently announced by the Swedish based automaker ...
Recall roundup: 1.14 million Volkswagen cars
The German based automaker Volkswagen has recently issued a recall for 1.14 million cars in China and the United States ...
2015 Volkswagen Tiguan gets priced in Australia
Volkswagen has announced the official price list for the 2015 Tiguan in Australia, where the model goes in from 27,990 ...
US: auto industry braces for upcoming cyber attacks
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Chevrolet Colorado Sport Concept going to SEMA
The North American based automaker Chevrolet has recently announced the official debut of the Colorado Sport Concept at the 2014 ...
GM and Ford expected to report positive third-quarter earnings
This is financial week for the largest and second-biggest US automakers, with General Motors due Thursday and Ford the next ...
2015 Volkswagen Beetle Classic gets priced in the U.S
The 2015 Volkswagen Beetle Classic will be available for its future owners starting in at 20,195 USD. Volkswagen has recently announced ...
China: PSA and Dongfeng start the construction of their fourth plant
The French automaker’s China joint-venture partnership with domestic carmaker Dongfeng Motor has started building their fourth assembly facility, a plant ...
Ferrari 458 Italia crash kills occupants
A Ferrari 458 Italia crash, in Middleton, near Boston, has ended the life of the driver and the occupant. A horrific ...