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Toyota U.S. operations moving to Texas

After 57 years in Los Angeles, Toyota Motor Sales U.S.A. is moving its sales and marketing headquarters to Plano, Texas, sources close to the matter said. The move will occur in stages and take two years to complete, according to sources.

Ford's net profit slips to $1.65 billion for the third quarter

Ford Motor Co., hurt by accounting changes related to commodity prices, said third-quarter net profits fell slightly to $1.65 billion from $1.69 billion a year earlier. Pretax profits fell to $1.94 billion from $2.06 billion a year earlier. North American pretax operating profits were essentially flat from the year-earlier period at $1.6 billion.

Mercedes-Benz M-Class

Mercedes-Benz has announced the 2012 M-Class. The third generation off-roader is said to ‘set a new benchmark in the SUV segment’ in terms of design, consumption and comfort. Boasting an array of mechanical and technological enhancements, the M-Class is said to be vastly improved both on and off road.