Audi AG’s original TT won acclaim in 1998 for a sexy design that marked a departure from its styling at the time. Fifteen years later, Audi is counting on a remake of the iconic coupe to generate similar buzz.
Porsche AG Chief Executive Officer Matthias Mueller said the high-end automaker will exceed 200,000 in annual deliveries in 2015, three years earlier than first targeted, on demand for the Macan compact sport-utility vehicle going on sale later this year.
Continental AG agreed to buy Veyance Technologies Inc. from Carlyle Group LP for about 1.4 billion euros ($1.9 billion), adding the maker of industrial hoses and conveyor belts to expand beyond the auto business.
Daimler AG forecast 2014 profit will rise “significantly” as the new GLA compact sport-utility vehicle and redesigned C-Class sedan add to a push by the third- largest luxury-auto maker to overtake rivals in sales by 2020.
Andreas Renschler, Mercedes-Benz operations chief and candidate to become parent Daimler AG’s chief executive officer, quit suddenly, one year after swapping jobs with the other leading contender to succeed Dieter Zetsche.
General Motors Co. is pulling its Chevy brand out of Europe, reversing a decade-old sales strategy, as a revival at the carmaker’s Opel and Vauxhall divisions beats the U.S. nameplate’s performance in the region.