Daimler fourth-quarter profit grows 39% on strong Mercedes sales

Daimler reported a 39 percent increase in fourth-quarter profit, boosted by demand for the revamped Mercedes M- and C-class models. Earnings before interest and taxes gained to 2.18 billion euros ($2.9 billion) from 1.56 billion euros a year ago, the automaker said. Read More »

VW said to consider Proton partnership for Malaysia car hub VW is said to be considering a partnership to produce cars at Proton factories in Malaysia in a bid to target markets in Southeast Asia. The move comes as VW's partner in ... Read More »
2012 GENEVA AUTO SHOW
Morgan will unveil electric roadster concept with manual transmission British sports car maker Morgan will unveil an electric version of its retro-styled roadster with a manual transmission at the Geneva auto show. ... Read More »
Opel losses mount, GM seeks union-backed cuts General Motors will report a loss of more than $300 million at its troubled Opel unit next week, as the U.S. automaker races to cut costs that can win the backing of its ...
BMW reports strong global sales in January on SUV, Mini demand BMW continued to generate strong global growth last month as it seeks to maintain its title as the world's top-selling premium brand, ahead of rivals Audi and Mercedes-Be ...
Daimler to extend Bernhard's contract, source says The supervisory board of Daimler will extend the contract of perennial chief-executive-in-waiting Wolfgang Bernhard by another five years in April, a source told Reuters. ...