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.
Bayerische Motoren Werke AG, the world’s biggest maker of luxury autos, surged to a record high after forecasting a significant gain in 2014 profit as models like the 4-Series Gran Coupe and i8 sports car propel sales.
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.
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.
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.
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.