Search results for "BMW"



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Mercedes not chasing volume at any price - Daimler CEO

FRANKFURT, Feb 5- Daimler Chief Executive Dieter Zetsche insisted on Friday the German carmaker would not sacrifice margins in its quest to overtake arch rival BMW and become the best-selling luxury car brand. Exactly the opposite is true, "he told analysts at a conference to discuss fourth-quarter results in Stuttgart. The Mercedes CEO was more upbeat about...
Source: Reuters
Furniture giant IKEA loses its trademark in Indonesia

JAKARTA, Indonesia— There is Samsung of South Korea, Sony of Japan, BMW of Germany and IKEA of Indonesia. Yes, at least in Indonesia, if not worldwide. The furniture giant, founded in Sweden in 1943, has lost a trademark dispute in Indonesia after the country's highest court agreed the IKEA name was owned by a local company.
Source: The Associated Press
Chinese using carpooling apps to get ride home for holidays

SHANGHAI— The hundreds of millions of Chinese heading home for Lunar New Year have a relatively new travel option this year: mobile apps to find carpool partners to share costs in what is a novel concept for most Chinese. Software developer Li Jin in Shanghai used one after he had to abort his flight plans because of last-minute work demands, and found that the only...
Source: The Associated Press | By: By PAUL TRAYNOR and DIDI TANG, Associated Press
Daimler sees slower growth in 2016 as China cools

Fourth-quarter operating profit up by 22 percent, lifted by demand for sports utility vehicles and sales of its C-Class model in China.
Source: Reuters
UPDATE 2-Daimler sees slower growth in 2016 as China cools

STUTTGART, Feb 4- Daimler AG expects slower sales growth for its Mercedes-Benz cars in China this year after a surge in demand in 2015 that helped the automaker post record sales and earnings. The stock was down 4.4 percent at 60.21 euros by 0915 GMT, its lowest in more than a year and underperforming Germany's blue-chip DAX index,, which was up 0.2 percent.
Source: Reuters | By: Edward Taylor
Scion brand taught Toyota what young buyers really want

DETROIT— Toyota is killing its youth-oriented Scion brand after learning an important lesson: Young buyers simply want Toyotas. Scion was formed in 2003 to court Generation X buyers, who didn't like their parents' brands and didn't trust traditional marketing, says Bob Carter, Toyota Motor Corp.' s senior vice president of U.S. operations. It was known for its...
Source: The Associated Press
UPDATE 1-German car industry urges Merkel to help promote electric cars

*Auto bosses say Germany lags rival countries. FRANKFURT, Feb 3- Germany needs incentives to boost demand for electric cars if it is to retain its leading edge as an automotive market, industry bosses said on Wednesday, a day after a high-level meeting with Chancellor Angela Merkel ended without a deal on subsidies. Germany lags other markets like Norway and the...
Source: Reuters
Musk denies 'super-rude' client his Tesla

One Tesla customer got his Model X order personally cancelled by chief executive Elon Musk after the company was slammed in a blog post.
Source: | By: Arjun Kharpal
German auto bosses meet Merkel to weigh how to raise electric car sales

FRANKFURT, Feb 2- Chancellor Angela Merkel summoned auto bosses to Berlin on Tuesday to discuss ways to increase sales of low emissions electric and hybrid cars in the wake of Volkswagen's pollution cheating scandal. BMW, Mercedes-Benz and Audi now rank 12th, 14th and 22nd respectively in terms of global sales of hybrid and electric vehicles, data from LMC...
Source: Reuters
EXCLUSIVE-Global automakers wary of China certification shift

*China says not protectionism; standards just lag Europe. BEIJING, Feb 2- Some global automakers are worried that China is pushing its weight around as the world's biggest car market- by enforcing its own, often outdated, vehicle certification standards on foreign cars. China previously allowed global brands to sell cars without local certification in many...
Source: Reuters | By: Norihiko Shirouzu