Daimler today reported a 29 percent jump in quarterly core earnings at Mercedes-Benz Cars, surprising investors wary of an economic slowdown.
Earnings before interest and tax (EBIT) from ongoing business at Mercedes-Benz Cars, which includes the Smart brand, rose to €1.61 billion ($2.04 billion) in the third quarter from €1.25 billion in the year-earlier period, Daimler said in an ad-hoc statement.
Citroen will launch a production version of the C1 Urban Ride concept if public response is favorable, the brand’s CEO Linda Jackson said.
A New Jersey judge has determined that videos routinely captured by cameras mounted in police cars during traffic stops and other law enforcement activities in the state are public records.
By Jessica Dye
A program to compensate victims of a faulty ignition switch in General Motors vehicles has approved three new death claims, bringing the total number of deaths linked so far to the switch to 27, according to a report released on Monday by the lawyer overseeing the program.
Bentley says it expects its “best ever” sales in 2014 as demand for its Continental GT models helps spur global growth at the carmaker.
