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How many Mercedes staff does it take to sell a car? The answer, in the luxury carmaker's German showrooms, is more than it takes to shift an Audi - just part of the cost gap Daimler wants to close with its premium rivals.Among the top three, Mercedes depends on its unprofitable company-owned dealerships for a bigger share of domestic sales than either Volkswagen's Audi or BMW, which rely more on franchises.Now, according to documents seen by Reuters, Chief Executive Dieter Zetsche is targeting the company's "own retail" operations as part of a promised 2 billion euro ($2.6 billion) savings drive.Daimler, already in talks to sell four German outlets, could mount a bigger sell-off if those transactions go well, a person familiar with the company's thinking told Reuters."Management wants to try this out to see exactly how it would work in practice," said the person, who asked not to be named."They are gathering experience that could serve as a blueprint," he said, adding "Zetsche is no fa...
A meeting of U.S. Fiat dealers to discuss future products, including the arrival of Alfa Romeo models, has twice been postponed and no new date has been set, several...
Japan's Takata Corp <7312.T>, reeling from a massive airbag recall, said on Friday it will replace its president with Swiss national Stefan Stocker, the first foreig...
Deutsche Lufthansa AG's shareholders meeting Tuesday became a duel between U.S. and German corporate-governance standards amid a dispute over whether the airline's f...
German luxury carmaker BMW AG (BMW.XE) has issued a recall of 220,000 vehicles because of a defect in airbags installed over a decade ago, a spokesman confirmed Tues...
BMW is recalling about 220,000 vehicles worldwide from model years 2002 and 2003 as part of a wider recall affecting airbags made by supplier Takata Corp <7312.T>, B...
BMW AG (BMW.XE) is recalling 45,500 3 Series sedans in the U.S. and Canada from 2002 and 2003 model years due to defective air bags, various media and the Associated...
Former Lufthansa Chief Executive Wolfgang Mayrhuber is back in the running to become supervisory board chairman of Germany's biggest airline after overcoming shareho...
German automaker Daimler is recalling 3,500 Mercedes-Benz Citan vans in Europe because of faulty airbags.A company spokesman said on Monday that window airbags will ...
Volkswagen AG's Audi premium brand will not build a vehicle assembly plant in Brazil until the laws governing what exactly is required to ensure a car is considered ...
The automotive industry's growing love affair with Mexico was celebrated here on Saturday as Audi executives laid the foundation stone for its first assembly plant i...
Tesla Motors Inc, the automaker led by billionaire Elon Musk, overhauled financing strategy for the Model S electric sedan in response to criticism that its initial ...
The following is a summary of analysts' forecasts for BMW AG (BMW.XE) first-quarter results, based on a poll of 11 analysts conducted by Dow Jones Newswires (figures...
European stock markets extended gains in choppy trade on Monday, with car makers in the driver's seat after a broker upgrade, while the broader sentiment tracked the...
European stock markets tracked U.S. stock futures lower in choppy trade on Monday, with mining firms dropping after broad-based losses in metals prices.The Stoxx Eur...
In October 2004, then California Governor Arnold Schwarzenegger rolled up to a pioneering fueling station at Los Angeles International Airport in a hydrogen-powered ...
New car registrations in the European Union rose by 1.7% in April from a year earlier, according to latest industry data released Friday, giving hope to Europe's bat...
Car maker BMW AG (BMW.XE) said Tuesday that Joachim Milberg was re-elected as chairman of the supervisory board following the company's annual general meeting.MAIN F...
German premium automaker BMW expects to reap a "positive" contribution to group profit from every i3 electric vehicle sold, Chief Executive Norbert Reithofer said on...
When Microsoft honcho Steve Ballmer unveiled Windows 8 last October, he called it a "bet-the-company moment."Here's the first rule he broke: Don't bet the farm. Here...