Anticipating that this year will be even better, Daimler AG shared Wednesday the significant net profit turnaround the company witnessed from 2009 to 2010. The company said it generated a net profit of 4.7 billion euro last year. To show the depth of the turnaround, Daimler suffered a net loss in 2009 of 2.6 billion euro. […] [Read More]

As its automaker peers and other industry-related companies rolled out commercials during the FOX network’s coverage of Super Bowl XLV earlier this month, Subaru of America said it took a different approach to fetch consumer interest on Super Bowl Sunday. And apparently, it worked. The automaker said it achieved a social-engagement record from a promotion […] [Read More]

Penske Automotive Group revealed Wednesday it has canceled the development of a five-door smart model in response to its discussions about shifting U.S. distribution and other activities for the smart brand to Mercedes-Benz. Furthermore, boosted by double-digit gains in total retail sales and same-store retail sales revenues at U.S. operations, Penske reported a fourth-quarter income jump of more […] [Read More]

Two economists will provide insight and analysis into the future of the Canadian used-car market during the 2011 Auto Remarketing Canada conference, which will be presented by CarProof. Auto Remarketing Canada, which will be held April 12-14 at the Hyatt Regency Toronto, will welcome Carlos Gomes, senior economist at Scotia Capital, and Michael Hatch, chief […] [Read More]

The distribution rights of smart USA — as well as the management, sales and marketing for the brand — are slated to be shifted completely over to Mercedes-Benz USA within the first half of 2011, according to plans shared Monday. Currently, these activities are handled by Penske Automotive Group, which began talks this week with Mercedes-Benz USA […] [Read More]

In what appears to be a major sign of progress for the global auto market, worldwide new light-vehicle sales in 2011 are likely to reach an annual record for the second year in a row thank largely to s a healthier global economy, according to J.D. Power and Associates. The firm also said that U.S. […] [Read More]

After the automaker notched a record year in China during 2010, General Motors’ top boss says the company’s largest market will remain “one of our priorities” and outlined plans for that country. China is the world’s biggest auto market, according to J.D. Power and Associates. Speaking during a media briefing Tuesday in Beijing, GM chairman and chief […] [Read More]

Seen as an added marketing hook for franchise dealers, Cadillac announced Monday a new program called Cadillac Shield designed to heighten the brand’s focus on customer service by tying together the wide-ranging benefits and technologies offered owners. Normal 0 false false [Read More]

Citing gains in emerging markets, Toyota Motor Corp. recently announced significant financial strides in net revenue, operating income and net income for the nine-month span that ended Dec. 31. Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; […] [Read More]

As part of its Automobility program to help customers with special needs, Chrysler has upped the reimbursement for the installation of adaptive driver or passenger equipment to $1,000 across its lineup. Now, owners of all eligible Chrysler, Jeep, Dodge and Ram vehicles who have special needs can receive up to a $1,000 reimbursement for converting […] [Read More]