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Daimler Earnings Double

Daimler Earnings Double

Daimler AG’s first-quarter net profit nearly doubled to $1.65 billion, revenue increasing by 17% on stronger sales across the company’s business lines – which, in turn, prompted a prediction of record sales for Mercedes-Benz passenger cars this year. “We achieved...
Cadillac Developing New Convertible

Cadillac Developing New Convertible

Cadillac is looking to go topless.  Years after abandoning its last drop-top, the domestic luxury maker is reportedly developing a new convertible that will be part of a wave of new products coming to market by mid-decade. The Detroit maker is apparently opting for a...
Are Chrysler and Fiat Pulling Back on Battery Power?

Are Chrysler and Fiat Pulling Back on Battery Power?

Chrysler Group LLC is selling its neighborhood battery car unit, Global Electric Motorcars, LLC to Polaris Industries Inc. Chrysler spokesman Gualberto Ranieri said GEM, which is based in Fargo, North Dakota, didn’t fit into Chryusler’s portfolio. However, the sales...
Hyundai Earnings Surge 46%

Hyundai Earnings Surge 46%

It was a great first quarter for Hyundai, the upstart Korean carmaker that has been much of the auto industry’s established order a scare.  The maker reports it earned $1.75 billion for the January to March period, a 46% jump. With demand up everywhere from Berlin to...
First Look: 2011 Porsche 911 GT3 RS 4.0

First Look: 2011 Porsche 911 GT3 RS 4.0

Faster than most folks can get “2011 Porsche 911 GT3 RS 4.0” out of their mouths, the Schwabian automaker’s “ultimate” normally-aspirated sports car will hit 60 – on the way to a top speed of 193 mph. The appropriately named GT3 packs a new 4.0-liter flat-six in its...
The Worst Cars on the Road?

The Worst Cars on the Road?

By just about any metric you choose – from fuel economy to long-term reliability – today’s automotive offerings continue to get better and better.  But there are still a few clunkers. And Forbes magazine has come up with a list of what it claims are the worst cars on...
Electric Vehicles Present New Challenge for Insurers

Electric Vehicles Present New Challenge for Insurers

When it comes to insurance, it’s all about experience. And right now, insurers have virtually no experience insuring the new breed of electric vehicles. With electric vehicles starting to trickle into the marketplace, insurance companies are trying to figure out how...
Ragtop Renaissance Threatened by Fuel Economy Concerns

Ragtop Renaissance Threatened by Fuel Economy Concerns

Spend some time wandering New York’s Jacob Javits Convention Center and you might think there’s a ragtop renaissance underway.  There are a score of new and more familiar convertibles on display at this year’s New York Auto Show. But despite their seeming abundance,...
Team Lotus Buys Caterham Cars

Team Lotus Buys Caterham Cars

Team Lotus Enterprises has expanded its motorsports base by acquiring Caterham Cars, an investment group led by London-based Corven Ventures. Terms of the deal were not disclosed. Both makers trace their heritage back to Colin Chapman, the founder of Lotus Cars, the...