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.
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.
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.
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.
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.
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.
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.