Daimler AG, the world’s third- biggest maker of luxury cars, will sell a 50 percent stake valued at 1.9 billion pounds ($3.2 billion) in an engine joint venture to partner Rolls-Royce Holdings Plc. to invest in its automotive and truck businesses.
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.
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.
Daimler AG, the world’s third- biggest luxury-car maker, is bringing back the Mercedes-Benz V- Class van with features from the flagship S-Class sedan to support a plan to raise deliveries almost 60 percent.
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.
Continental AG, Europe’s second- largest auto parts maker, plans a fifth consecutive year of record sales after deliveries of parking-assistance and braking electronics helped revenue rise 1.7 percent in 2013.
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.