The U.S. government lost $11.2 billion on its bailout of General Motors, more than the $10.3 billion the Treasury Department estimated when it sold its remaining GM shares in December, according to a government report released on Wednesday.
Daily Archives: May 1, 2014
Mark Webber and Maria Sharapova take joyride in a Porsche 918 Spyder
Former Formula One driver for Red Bull Racing and now a driver for Porsche’s factory Le Mans team, Mark Webber has driven some very fast cars.
Dealers say Italy’s EV incentives are flawed
Italy’s plan to offer up to €5,000 in public funds for buyers of electric vehicles starting on May 6 is a waste of money because the scheme is flawed, Italian dealers association Federauto said.
Bosch forecasts 5% sales growth in 2014 amid strategy shift
Robert Bosch expects sales growth of between 3 percent and 5 percent this year, even as the German supplier shifts its focus toward Asian markets and developing Internet-connected sensors.
Daimler Q1 profit surges as sales of Mercedes compact cars rise
Daimler reported a 95 percent surge in first-quarter profit as its expanded compact car range and demand from China and the United States boosted vehicle sales to record levels.
