Porsche has opened a franchise in Kenya as it seeks to take advantage of the expanding economy in the region.
Monthly Archives: September 2014
GM wins dismissal of lawsuit over its IPO
By Jonathan Stempel
General Motors has won dismissal of a shareholder lawsuit accusing it of padding sales around the time of its November 2010 initial public offering by quietly unloading vehicle inventory on its dealers.
Mercedes’ August sales rise 10% on compact vehicle demand
Sales of Mercedes-Benz brand cars rose 10 percent to 118,887 in August thanks to strong demand for its compact models and robust deliveries in China and the United States.
Mercedes has high expectations for S-class coupe
Mercedes-Benz expects a new name, fresh design and innovative technology will double sales of the S-class coupe compared with the model it replaces, the CL.
Tesla shares sink after Musk’s ‘kind of high’ comment
When Elon Musk talked, the stock market listened. Tesla stock prices dropped Friday, a day after the CEO said investors often “get carried away” with the electric car company’s stock price.