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.
HONG KONG, May 22- China shares were headed for a sixth-straight daily gain on Wednesday, with most automakers strong after the official China Securities Journal cited an industrial association as saying that May car sales could stay strong.
DETROIT, May 21- A boutique carmaker led by former General Motors Co executive Bob Lutz and China's largest auto parts supplier made an offer this month to buy cash-strapped "green" car company Fisker Automotive, people familiar with the matter said. VL Automotive and China's Wanxiang Group are looking to gain control of Fisker through a prepackaged bankruptcy.
Among the stock activity stories for Tuesday, May 21, from AP Business News:. _ Shares of Tesla Motors Inc. fell, a brief decline amid huge gains this month after the electric car maker posted its first quarterly profit.
DETROIT-- Tesla Motors fell more than 5 percent in early trading Tuesday, a brief decline amid huge gains this month after the electric car maker posted its first quarterly profit. Tesla's stock price had jumped 74 percent between May 8, when first-quarter earnings were announced, and May 14, when it hit a 52- week high of $97.12.
DETROIT, May 21- A boutique carmaker led by former General Motors Co executive Bob Lutz and China's largest auto parts supplier made an offer to buy cash-strapped "green" car company Fisker Automotive this month, people familiar with the matter said.
DETROIT, May 21- A boutique carmaker led by a former General Motors Co executive Bob Lutz and China's largest auto parts supplier submitted an offer to buy cash-strapped "green" car company Fisker Automotive, people familiar with the matter said.
CAPE TOWN, May 21- Ten striking South African miners were taken to hospital on Tuesday after being hit by rubber bullets, police said, as labour strife swells in mines and factories ahead of mid-year pay negotiations.
Shares of automakers rose Friday, with General Motors Co. stock reaching its highest price in more than two years, as Europe became the latest part of the globe to report rising auto sales.
NEW YORK-- Tesla Motors shares fell Friday as the electric car maker increased the size of its stock and note sales by nearly 17 percent. THE SPARK: Tesla disclosed in a regulatory filing that it now plans to sell 3.39 million shares in a public offering, and has priced them at $92.24 each, according to the filing with the Securities and Exchange Commission.
PALO ALTO, Calif.-- Electric car maker Tesla Motors Inc. has increased the size of its stock and note sales by almost 17 percent, citing high demand from investors. The Palo Alto, Calif., company said in a regulatory filing on Friday that is now expects to gross $968 million from the sales, which will take place on May 22.
LONDON, May 17- European shares held near multi-year highs in volatile trade on Friday, with some investors using early weakness as a buying opportunity and with carmakers cheered by signs of a revival in domestic sales. The STOXX Europe 600 auto sector added 2.4 percent after data showed Europe's car market growing for the first time in 1-1/ 2 years in April.
MILAN, May 16- Italian carmaker Fiat SpA said on Thursday the idea of moving the group's legal headquarters to the United States is not on the agenda. " The statement referred to a Bloomberg report on Wednesday that cited people familiar with the matter as saying Fiat was considering moving its headquarters to the United States.