Daimler AG, the world’s third- biggest maker of luxury cars, will receive 2.43 billion euros ($3.36 billion) for the 50 percent stake in an engine joint venture that it’s selling to partner Rolls-Royce Holdings Plc.
Daimler AG Chief Executive Officer Dieter Zetsche said his expansion of Mercedes-Benz model offerings will enable the world’s third-largest maker of luxury cars to beat competitors’ sales growth and increase operating profit “significantly” in 2014.
Chris Bangle, Bayerische Motoren Werke AG’s former design chief, once likened the German carmaker’s lineup to a bratwurst in three different lengths. Now, there’s a lot more on offer, including convenience sizes.
Pro-Russian activists released most of their hostages in Ukraine’s eastern city of Luhansk today after U.S. Secretary of State John Kerry accused Russia of using “special forces and agents” to fuel unrest.
Bayerische Motoren Werke AG, the world’s largest maker of luxury cars, reported a 17 percent surge in March sales at the namesake brand, helping cement its hold on the top spot in the premium autos segment.
Daimler AG, the maker of Mercedes- Benz vehicles, started an expansion project at its transmission plant in Sebes, Romania, as the manufacturer ramps up its component supply to meet rising demand for luxury cars.