Hungary’s economic-sentiment index was positive in April for the first time in almost 16 years as business confidence grew and consumers became less pessimistic after Prime Minister Viktor Orban won a second four-year term.
Mercedes-Benz, the world’s third- biggest maker of luxury cars, is planning a coupe-style sport- utility vehicle with a low, sloping roofline to gain on larger rivals Bayerische Motoren Werke AG and Audi AG.
While Toyota Motor Corp.’s Lexus lost its title as the top U.S. luxury line in 2011, there’s a silver lining: U.S. growth and a favorable exchange rate are taking Lexus back to its mid-2000s profit peak.
Ford Motor Co. is bringing its premium Lincoln cars to China, decades behind Volkswagen AG’s Audi and BMW, testing whether the second-biggest U.S. automaker can emulate the recent turnaround of its namesake brand.
European car sales advanced a seventh consecutive month as new models to replace aging vehicles and an economic rebound in the U.K. boosted demand at Renault SA, Ford Motor Co. and PSA Peugeot Citroen.
Maserati will probably increase production and add the Alfieri sports car to its lineup after advance sales at the upscale Italian brand have almost tripled over 2013’s deliveries, people familiar with the matter said.
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.
Toyota Motor Corp. is making rare styling changes in the Camry sedan just halfway into the car’s usual design cycle, a sign the automaker is eager to stem gains made by Hyundai Motor Co.’s Sonata, which also is being reworked for 2015.