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New Mercedes CLA helps Daimler to 16% profit jump

The new Mercedes CLA (pictured) help Mercedes to a 16% profit jump. There’s an argument that the move in to more compact car sales by premium car makers will see their turnover rise and their profits fall as more compact cars tend to work on smaller margins than high-end luxury cars. But Mercedes has defied that logic by posting a 16 per cent increase in profits for the third quarter of 2013, boosted by sales of the new compact coupé – the Mercedes CLA.

Local Motors 'Design Our Car' competition opens

Local Motors has opened its first-ever ‘Design Our Car' competition, which encourages collaboration within the manufacturing community. The open-source automaker is providing two of its Rally Fighter cars, one of which will be built at the company's micro-factory in Arizona while the other will be built live in the Emerging Technology Center at September's International Manufacturing Technology Show (IMTS) in Chicago. Ideas from the design and engineering community are being sought to help design and select a skin for the Rally Fighter that will be built by the Local Motors team this spring.

Vettel F1 helmet sold for £72,000

A HELMET belonging to four times World Formula 1 champion Sebastian Vettel has been sold for a world record £72,000 in a charity auction. The safety gear, signed by Vettel himself, was a Red Bull-sponsored helmet by Arai designed around Germany's national colours. It was worn during the Nurburgring Grand Prix race weekend in Germany this year - where Vettel celebrated his first home victory.