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Daimler aims for further cost cuts, beyond 2 billion euro original goal


According to Chief Executive Dieter Zetsche, Daimler, parent of German luxury automaker Mercedes-Benz, aims at bigger cost cuts than an original 2 billion euro in savings by 2014. Seeing this as a further means to raise profitability at Mercedes, the new cost cutting measures would see Daimler reaching an average annual return on sales of 10 for the Mercedes-Benz Cars unit ...
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Chevrolet jumps 229% in Small Car segment
GM’s popular brand has increased its small and compact car sales by a whopping 229% year over year, from the second quarter of 2010 to the same quarter this year. Chevrolet’s ...
Tougher US crash tests make small cars rate badly
After IIHS increased rigor of front crash test last year, a batch of 12 small cars tested has revealed big problems as half of them had low ratings of "poor" ...
Peugeot 208 was Europe’s best-selling B-segment car in December 2012
The Peugeot 208 was the B-segment's best sold model in Europe in December 2012. Only a few months after its launch, the 208 climbed to No. 1 position in its category ...
Ford Fiesta is Europe’s best-selling small car of 2012, 2nd overall
The Ford Fiesta is Europe’s top-selling small car of 2012, and the second most popular car overall behind the Volkswagen Golf. Consumers bought a new Ford Fiesta every two minutes on ...
BMW, Mercedes-Benz and Audi to launch hatchbacks in India
After a bad reception in China, German luxury automakers plan to introduce their hatchback models to India. Audi, BMW and Mercedes-Benz will introduce their small cars in India starting this year, ...
PSA Peugeot Citroen and GM Manufacture Small Cars
PSA Peugeot Citroen managed to close a refinancing deal for 11.5 billion euro with almost 20 creditor banks. The money will be used to help its lending unit avoid being downgraded ...
Peugeot-GM Alliance Give Up Large Car Plan, Focus on Smaller Vehicles
The GM-PSA Peugeot Citroen alliance has given up plans to build a large car, focusing only on three smaller vehicles. GM and Peugeot announced they will work together to manufacture a ...
Fiat breaks the 1 million production barrier with the 500
The 1,000,000th Fiat 500 rolled off the assembly line in Poland, after five and a half years of production. Manufactured since 2007 in Poland and since 2011 in Mexico, the new ...
Mazda considering a new model smaller than the Mazda2
Mazda is considering the development of a Mazda1 model that would slot in its range below the Mazda2 and would increase sales in markets around the world. The project is now ...

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