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Carlos Ghosn's automaker mantra: Go big or you'll go away

Size matters in auto company survival, Renault and Nissan CEO Carlos Ghosn told an audience in Detroit on Tuesday. To cope with the escalating costs and scope of a global industry, successful automakers must complete a trifecta--be able to compete in every technology, every market and every segment, Ghosn said during a luncheon speech at the Detroit Economic Club “No 3 million-unit carmaker can make it,” Ghosn said, explaining why his Renault-Nissan alliance forged an alliance with Germany's Daimler AG. Competency in one or two of the three skills is not enough, and only very large companies can afford all three, he said.

Watch Kimi Raikkonen’s lawnmower race before British Grand Prix

By Adam Binnie Motoring Issues 09 July 2014 11:27 Former F1 world champion Kimi Raikkonen revealed an unusual pre-race warm-up ahead of the 2014 British Grand Prix, by haring around a grass track on a racing lawnmower. Drivers are usually encouraged to keep their cars off the grass but as this video shows, the 2007 F1 champ is clearly able to transfer his skill from the tarmac track to the lawn. Kimi raced against former F1 drivers Martin Brundle, Johnny Herbert and also Anthony Davidson around the grass track in a publicity stunt.

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.