NEWS

Daimler Names New U.S. Manager for Smart Brand

4/30/2013

Daimler AG's Mercedes-Benz USA unit has appointed Mark Webster as general manager of its Smart minicar brand in the U.S., effective May 1.

Mercedes 4-Cylinder Diesel Returns to U.S.

4/30/2013

This week Daimler AG's Mercedes-Benz unit reintroduces a 4-cylinder diesel option in the U.S. for the first time since 1985, when it phased out the 190D sedan.

Toyota Aims for 70%+ Parts Commonality

4/30/2013

Toyota Motor Corp.'s "new global architecture" (NGA) strategy targets a lineup of vehicles that share 70%-80% of their parts, Automotive News reports.

Tenneco Income Surges 80%

4/30/2013

Tenneco Inc. posted a $54 million net profit in the first quarter of 2013 compared with $30 million a year earlier.

UPDATE: Fiat Profit Plummets 88%

4/30/2013

Fiat SpA reported net earnings of €31 million in the January-March period of 2013 compared with €262 million a year earlier.

Fiat Profit Plummets 88%

4/30/2013

Fiat SpA reported net earnings of €31 million ($41 million) in the January-March period of 2013 compared with €262 million ($343 million) a year earlier.

Eurozone Economic Sentiment Sags

4/29/2013

Business and consumer confidence in the eurozone economy slipped in April, marking the second straight month-on-month decline, according to Eurostat.

Cadillac Broadens Tests of “Super Cruise” System

4/29/2013

General Motors Co.'s Cadillac unit says it has begun testing its expanding "super cruise" semi-autonomous driving technology on real roads.

U.S. Rejects Increases in 2013 Salaries for GM Brass

4/29/2013

The Dept. of the Treasury's special paymaster has denied a request from General Motors Co. to boost the cash salaries of some of its executives this year.

Mayor of Charlotte Nominated to Head DOT

4/29/2013

The White House has nominated Anthony Foxx, mayor of Charlotte, N.C., to succeed Ray LaHood as secretary of the Dept. of Transportation.