Dieter Zetsche, head of auto-giant Daimler, has predicted rosy times ahead for the global car industry. He said the number of cars in the world will double by 2030.
India’s Environment Minister Jairam Ramesh attacked German automakers on Friday, saying driving big-engined luxury models from BMW and Mercedes-Benz in his country was “criminal.”
German new car sales should top 2.9 million vehicles this year, the industry federation VDA said on Tuesday, though its upgraded outlook still signals a sharp drop from 2009.
What German car fan hasn’t fantasized about shifting into high gear on the autobahn behind the wheel of a BMW, Porsche, Audi, or Mercedes? The Local's motoring series Abgefahren explores the “European delivery” schemes of Germany's top luxury brands offering overseas drivers enough travel perks and discounts to make a new car <i>and</i> unique vacation affordable.
A British watchdog said Thursday it had launched a probe into alleged price-fixing by major European truckmakers, including German giants Daimler and MAN.
German premium auto manufacturers Audi, BMW and Mercedes are on a roll and expect sales to remain on track for the rest of the year, they said on Thursday, but the outlook in some key markets is cloudy.
German auto giant Daimler said Tuesday it returned to profit in the first quarter, raising its full-year forecast on the back of strong Mercedes sales.
German automaker Daimler pleaded guilty to US charges of bribery and agreed to pay €136 million to settle the affair, the US government said overnight Friday.
Daimler will pay some €134 million in fines to settle US allegations that the German automaker habitually bribed foreign officials, a source close to the case told the news agency AFP on Tuesday.
On the eve of his comeback, Michael Schumacher admits he may not win Sunday's opening race of the 2010 Formula One campaign, but expects to be in contention for an eighth world title at season's end.
Mercedes GP launched their new Silver Arrow car this week, but the real firepower in the German team's camp is set to be the renewed partnership between Michael Schumacher and Ross Brawn.
The head of the Mercedes works council has expressed outrage over the expensive deal signed this week with former Formula One world champion Michael Schumacher, coming as the firm forces cost-cutting on its workforce.
Seven-time world champion Michael Schumacher said Wednesday he has signed a three-year deal to return to Formula One racing with Mercedes GP from next season.
New Formula One team Mercedes Grand Prix are set to offer a driver's contract to retired former world champion Michael Schumacher, the daily <i>Bild</i> reported on Friday.
German luxury car maker Daimler has told 37,000 workers in Sindelfingen, Baden-Württemberg that their jobs are safe until 2020 and that the group will create about 2,000 new ones.
Mercedes on Monday bought a controlling stake in Formula One world champions Brawn GP in a move which is likely to see Jenson Button join McLaren next season.
The German luxury car maker Daimler will make major investments in the country to reinforce production of compact models, its boss Dieter Zetche said on Thursday.
German carmaker Audi is set to sell more vehicles worldwide than luxury rival Mercedes for the first time ever next year, according a new study released on Monday.
German auto and truck giant Daimler said Tuesday that first quarter net profit fell 30 percent despite a strong performance at its flagship Mercedes-Benz brand.
