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Daimler third-quarter profit soars on Mercedes-Benz sales growth


Daimler AG, the parent company of the world’s third-biggest premium automaker – Mercedes-Benz – has reported rising profit for the July-September period, surpassing analysts' forecasts. A statement released by the Stuttgart, Germany-based maker today reports an increase in the company’s operating profit of 21% from the same quarter last year to 2.79 billion euros ($3.53 billion). The figures were about a ...
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Jaguar Land Rover exec predicts China’s growth could halve
According to Jaguar Land Rover's top executive in China, the carmaker is expecting the sales growth for 2014 to be roughly halved when compared to the high base reported last ...
China: auto forecast revised again for 2014
Following the slowing growth registered in recent months, the world’s largest auto market is on pace to miss a prediction for the year, as the pace of delivery increases has ...
China: September sees sales increase further slowing down
The world’s largest single auto market has seen all the global automakers rushing to establish local joint ventures to domestically produce millions of vehicles. But, even a huge market can ...
Renault Nissan struggles with Datsun affordable brand
Just 15 years ago, Renault took struggling Romanian auto producer Dacia and turned it into one of Europe’s most successful stories, creating a truly affordable – but modern and functional ...
US: auto sales growth slows in September
The summer was just as hot inside as it was outside the showrooms, with sales outpacing the years of slow return to pre-recession levels. While third quarter sales reached their ...
Ford’s positive 2020 outcome relies on F-150 and Lincoln growth
The automaker’s new chief executive Mark Fields showed impressive growth targets for 2020, but as this year and 2015’s grim financial targets hit investors and analysts, they also expressed doubts ...
GM expects China sales to surpass 3 million units; Cadillac to grow 40%
The No. 1 US automaker’s China President, Matthew Tsien, forecast that the various brands within the group would tally once more above the 3 million vehicles mark this year. The record ...
Fiat Chrysler five-year business plan endangered by possible merger delay
The plans to make the seventh largest automaker in the world a true global player could be endangered if the long-awaited merger gets somehow delayed. Sergio Marchionne, chief executive of both ...
Automakers swing from BRIC to ASEAN nations for growth
Although China will maintain its leadership over the auto industry, executives and analysts have curbed their enthusiasm for the other BRIC nations - Brazil, Russia and India. The carmakers have started ...

latest automotive news
Lotus to keep Grosjean, test 2015 nose
Oct.25 (GMM/Inautonews.com) Lotus has confirmed it will test a conventional nose solution ahead of next weekend's US grand prix. The ...
Caterham can miss Austin-Brazil double header
Oct.25 (GMM/Inautonews.com) Caterham is allowed to sit out the next two grands prix while it fights for survival. As administrators ...
Administrator becomes Caterham team boss
Oct.24 (GMM/Inautonews.com) The Caterham saga took another bizarre twist on Friday as an administrator became the new team principal. With ...
[VIDEO] McLaren P1 MSO spotted on the Fiorano
A McLaren P1 customized by MSO has been recently spotted lapping Ferrari’s famous Fiorano track. If you though that vehicles which ...
Ford Focus Electric gets price cut in the U.S.
The Ford Focus Electric has received a new price cut in the United States because of poor demand. While its main ...
Test Drive: Dacia Sandero Stepway 1.5 90 HP
If you live in Europe, you don’t need an introduction to Dacia anymore – this is the affordable Renault subsidiary ...
[VIDEO] Mercedes-Benz GLC63 AMG prototype caught on the open road
A prototype version of the upcoming Mercedes-Benz GLC63 AMG has been recently caught on camera while it was being tested ...
[VIDEO] See the world’s fastest Toyota Supra in action
The world’s fastest Toyota Supra has been recently spotted in action on a drag strip where it managed to shatter ...
Mercedes-Benz S600 Pullmann spied
Our spy photographers have managed to capture the upcoming Mercedes-Benz S600 Pullmann on camera while it was being tested out ...
BMW i8 costs more than $200,000 on eBay
The price of a BMW i8 stands at a whopping 200,000 USD on eBay as we recently found out doing ...
Mercedes-Benz GLA45 AMG announced for Australia
Mercedes-Benz will be launching the GLA45 AMG performance crossover in Australia where the model in question will be priced from ...
Recall roundup: 850,000 units of the Audi A4
The German based automaker Audi has recently announced a recall for a massive 850,000 units of the A4, because of ...
Ferrari LaFerrari for sale
Another unit of the impressive Ferrari LaFerrari is currently looking for a new owner who will have to pay no ...
Ferrari F50 gets crashed in the UK
A Ferrari F50 supercar has been recently involved in a heavy crash in the United Kingdom after its driver lost ...
BMW M2 Cabrio coming in 2016
The BMW M2 Cabrio will be introduced in a couple of years according to a recent report. Rumors on the anticipated ...
BMW X5 Concept eDrive gets spotted in Paris
The brand new BMW X5 Concept eDrive has been recently spotted out in Paris while cruising the streets. After being officially ...
Porsche Macan Turbo gets updated by TechArt
The aftermarket specialists from TechArt have officially introduced a new tuning package aimed for the Porsche Macan, this time in ...
Citroen C4 Cactus high demand boosts production
The high demand for the Citroen C4 Cactus means that the French based automaker will increase production for the funky ...