Porsche AG said a fastener that wasn’t properly installed is to blame for engine fires in the 911 sports car’s racing version that led the automaker to take the rare step of telling customers to stop driving the model.
Porsche AG will swap out the engine on the racing version of the 911 sports car after the German automaker took the rare step of telling customers to stop driving the model because the vehicle could catch fire.
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’s Mercedes-Benz , overtaken by Volkswagen AG’s Audi in the luxury-car industry this year, is pepping up its lineup of small cars with cameras, radars and Web access to give younger buyers the feel of the S-Class flagship.
At Mercedes-Benz’s cavernous exhibition hall at the International Auto Show in Frankfurt this week, Diana Reuter wasn’t quite sure she was in the right place when she spotted a sleek, curvy crossover on display.