General Motors Co. is pulling its Chevy brand out of Europe, reversing a decade-old marketing strategy, as a revival at the carmaker’s Opel and Vauxhall divisions beats the U.S. nameplate’s performance in the region.
Mercedes-Benz announced a sweeping overhaul of operations in China last December as its sales in the world’s largest auto market sputtered out. A year later, the carmaker’s deliveries in the country are once again on the rise and propelling global growth that’s outstripping rivals.
Daimler AG forecast fourth-quarter operating profit will advance as customers snatch up the Mercedes-Benz CLA coupe, E-Class sedan and flagship S-Class, an indication Chief Executive Officer Dieter Zetsche’s strategy to roll out new models to boost earnings is gaining traction.
PSA Peugeot Citroen is reviewing whether to back away from parts of a broader alliance with General Motors Co., a move that could open the door to a deeper partnership with Dongfeng Motor Corp. in China.
Bayerische Motoren Werke AG is rolling out a bigger 1-Series compact car to reclaim the top spot from Audi for the first time since 2008 in the competition for younger customers purchasing entry-level luxury autos.
To avoid the fate of other slow- selling electric vehicles, Bayerische Motoren Werke AG will offer the new i3 -- a battery-powered compact car -- with a unique option: the use of a sport-utility vehicle.
PSA Peugeot Citroen, Europe’s second-largest carmaker, said it may beat a goal of reducing cash consumption this year as new vehicles such as the 308 hatchback and 2008 crossover help the company boost prices.