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.
Toyota Motor Corp.’s Lexus will show its newest production-ready crossover at the Beijing Motor Show for the first time as it tries to narrow the gap with German luxury car brands in the world’s largest auto market.
Daimler AG Chief Executive Officer Dieter Zetsche said his expansion of Mercedes-Benz model offerings will enable the world’s third-largest maker of luxury cars to beat competitors’ sales growth and increase operating profit “significantly” in 2014.
Chris Bangle, Bayerische Motoren Werke AG’s former design chief, once likened the German carmaker’s lineup to a bratwurst in three different lengths. Now, there’s a lot more on offer, including convenience sizes.
Tesla Motors Inc., which raised $2.3 billion in a convertible note sale last month, plans to find more funds for the new finance unit it’s created to lease electric Model S sedans to business customers.