Daimler Reports 71% Increase in Q1 Profits

German automaker Daimler AG has reported a 71 percent increase operating profit for the first quarter due largely to higher sales in China. Sales of the company’s S-class sedan have risen sharply in recent months.

Posted in In the News

Mercedes, Toyota Halt Production in Alabama as Tornado Cleanup Continues

The violent storms that moved through much of the Deep South on Wednesday have brought production to a halt at Toyota and Mercedes-Benz plants in Alabama.

Posted in In the News

Jeep Looks to New Models to Boost European Sales

Over the next few years, Chrysler’s Jeep brand is looking to increase its European sales to 125,000 units according to Jeep’s CEO, Mike Manley.

Posted in In the News

GM, Chrysler Fare Poorly in Forbes’ List of Worst Cars on the Road

Despite dramatic improvements in reliability and value, Chrysler and General Motors models accounted for all but three of the vehicles on Forbes.com’s latest list of the Worst Cars on the Road which was published on April 18. Ford Motor Company had no vehicles on the list.

Posted in In the News

Democratic Senate Finance Chairman Raises Concerns about Obama’s EV Rebate Proposal

The Obama administration’s proposal to offer electric vehicle buyers a $7,500 rebate when they make their purchases is drawing criticism from a leading Senate Democrat.

Posted in In the News

Delphi CEO — Lack of Federal Energy Policy Harming EV Developers

The federal government’s failure to make electric vehicles a top priority is making it harder for automakers according to Delphi Automotive CEO Rodney O’Neal.

Posted in In the News

Ford Motor Company Agrees to Expand F-150 Recall

Ford Motor Company has announced that it is expanding its recall of F-150 pickup trucks. The recall will now include nearly 1.2 million 2004 to 2006 model-year F-150s as well as some Lincoln Mark LT vehicles.

Posted in In the News

Audi to Unveil New Q3 at Shanghai Motor Show

In preparation for next week’s Shanghai motor show, Audi has released the first official photos of its updated 2013 Q3 compact SUV.

Posted in In the News

General Motors Still Assessing Viability of Japanese Suppliers

Although General Motors Company has been re-sourcing parts affected by manufacturing and transportation in Japan, there are still concerns according to the company’s CFO Dan Ammann.

Posted in In the News

2012 Subaru Impreza Delivers Higher Fuel-Economy, More Stylish Looks

With oil prices surging higher, Subaru’s timing for the launch of its redesigned 2012 Impreza couldn’t be better. The Impreza is Subaru’s smallest U.S. offering, and according to a company press release, the roomier, more stylish 2012 model gets an estimated 36 mpg on the highway.

Posted in In the News

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