Author: Automotive News Feed
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Mercedes recalls 284,000 C-class sedans in U.S., Canada for taillight issue
Mercedes is recalling about 284,000 of its C-class sedans in the United States and Canada because an electrical issue could cause the taillights to dim or fail.
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Ford Otosan Q1 net profit rises 15 percent
Net profit at Ford’s Turkish unit rose 15 percent year-on-year in the first quarter to 202.5 million lira ($95.3 million).
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VW to launch 10 green cars in China by 2018
VW Group plans to introduce 10 electric and plug-in hybrid models in China by 2018 to strengthen its presence in the market.
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VW first-quarter profit jumps 22%, boosted by Audi, Porsche
VW Group’s first-quarter operating profit rose 22 percent, as earnings from Porsche and Audi helped offset falling profitability at the automaker’s core VW brand.
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PSA begins stock sale after Dongfeng, France buy stakes
PSA/Peugeot-Citroen is offering stock to investors at 6.77 euros a share after selling stakes to Dongfeng Motor and the French state at a higher price. The lower price “is further negative news” for the automaker,” according to an analyst.
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First Shift: The push to drop ignition keys
GM recall could spell the end of 65-year-old technology; profit for VW; UAW seeks mediation; Kia, CarMax flee NBA team.