Select Page
Daimler Earnings Fall 37% as Mercedes Sales Stumble

Daimler Earnings Fall 37% as Mercedes Sales Stumble

Daimler AG’s income dropped by double digits in the first quarts as sales of Mercedes-Benz vehicles fell in markets around the world, reducing the unit’s earnings before interest and taxes by 37%. The adverse development at Mercedes-Benz led to a decline of 13% in...
Ford Earnings Slide – But Still Exceed Expectations

Ford Earnings Slide – But Still Exceed Expectations

Ford Motor Co. saw first-quarter earnings slide by more than a third during the first quarter – but the number still managed to handily exceed Wall Street’s expectations, sending shares soaring in after-hours trading. The automaker gave much of the credit to surging...
GM Adding Second Shift at Kentucky Corvette Plant

GM Adding Second Shift at Kentucky Corvette Plant

The next generation Corvette hasn’t even been unveiled yet, but General Motors is betting the new ’Vette will be a runaway hit by adding 400 jobs to the company’s Corvette Assembly plant in Bowling Green, Kentucky. GM said it is adding a second shift in Bowling Green...
April Won’t be Showered With Huge New Car Sales

April Won’t be Showered With Huge New Car Sales

Brisk sales of pickup trucks are propping up the sales of new vehicles during April, according to new estimates from analysts. The analysts from Edmunds, the car shopping website, forecast that 1,357,024 new cars and trucks will be sold in the U.S. in April for an...
Tesla Boosting Range, Performance of Existing Models

Tesla Boosting Range, Performance of Existing Models

Thousands of Tesla owners recently discovered a pleasant surprise after hitting the “Start” button on their battery-electric vehicles. The automaker used its ability to deliver over-the-air updates to extend the range on certain versions of the Model 3 by 26 miles,...
Nissan Slashes Profit Predictions — Again

Nissan Slashes Profit Predictions — Again

With its ongoing battle with former Chairman Carlos Ghosn as a backdrop, Nissan’s executive team had to add to the difficulties by announcing it was tracking to miss its full-year profit goals — and even worse, it will make less than its Alliance partner, Renault. The...