In 1998, Daimler AG made a brash gamble based on a simple idea: that people in cramped cities wanted a cheap car so small that parking wouldn’t be a problem.
For General Motors Co. Vice Chairman Steve Girsky, it’s sink-or-swim time.
Mercedes-Benz gained ground for a fourth consecutive month against larger luxury-car competitors Bayerische Motoren Werke AG and Audi as the CLA coupe fueled demand for the German company’s compact models.
Volkswagen AG posted third-quarter operating profit that beat estimates as the financial contribution from the Porsche sports-car brand surged and the automaker reined in spending.
Starting next year, the chances are that the next Porsche you see will be a sport-utility vehicle.