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News watch December 2012: today's auto industry news
Mon, 31 Dec 2012Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Monday 31 December 2012• Despite reports earlier this month that shareholders valued Mercedes-Benz at half that of its luxury rival BMW, Mercedes CEO Dieter Zetsche has remained bullish about his ambitious targets for the carmaker's growth. 'I am confident that we will be ahead of our rivals by 2020 at the latest,' he told German newspaper Boersen-Zeitung in an interview.
McLaren turns the corner, posts first profits
Wed, 04 Jun 2014By Tim Pollard Motor Industry 04 June 2014 10:48 McLaren Automotive today announced it had broken even for the first time in its brief three-year history, posting a £4.5 million pre-tax profit in 2013. It's great news for the young supercar brand, which until now has lost money every year. McLaren's turnover was £285m, up from £267 in 2012, as it increased production towards its long-term goal of 4000 cars a year.
Detroit Tigers pitcher Armando Galarraga gets a 2010 Chevrolet Corvette from GM
Thu, 03 Jun 2010Detroit Tigers pitcher Armando Galarraga may have just missed a perfect game on Wednesday night, but General Motors tried to help make up for it--with a 2010 Chevrolet Corvette convertible. Galarraga retired the first 26 Cleveland Indians batters in order on Wednesday night. The would-be final batter, Jason Donald, appeared to ground out, but umpire Jim Joyce ruled him safe in a controversial call that later that night he admitted was wrong.