Porsche AG said a fastener that wasn’t properly installed is to blame for engine fires in the 911 sports car’s racing version that led the automaker to take the rare step of telling customers to stop driving the model.
Porsche AG will swap out the engine on the racing version of the 911 sports car after the German automaker took the rare step of telling customers to stop driving the model because the vehicle could catch fire.
Volkswagen AG is bidding 6.7 billion euros ($9.2 billion) for the rest of Scania AB to restart a stalled plan to create a global heavy trucks unit that can compete with industry leaders Daimler AG and Volvo AB.
Daimler AG Chief Executive Officer Dieter Zetsche in early 2013 had to face down critics to hang onto his job. A year later, his strategy is gaining traction, with Mercedes-Benz closing the gap with bigger German rivals.
European cocoa-bean processing may have been bigger than reported in the third quarter because Fuchs & Hoffmann GmbH, a grinder in Germany that provided no figures for the period, was processing at full capacity.
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.
Christoph Meier, a sound engineer at Mercedes-Benz parent Daimler AG, typically spends time making engine noise less jarring. For the carmaker’s new electric models, he’s had to do the opposite -- create sound.