Slo-flo Portable Oxygen System Model 5000 on 2040-parts.com

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.

UPDATED: Aston Martin sold

By Phil McNamara Motor Industry 12 March 2007 09:38 Aston Martin is today under new owners, following the sale of Britain’s premier sports car company to an investment consortium. After 20 years of ownership, Ford divested itself of the brand, its facilities and its products, in a deal valuing Aston at £479m.   The new owner is a consortium led by David Richards, boss of automotive consultancy Prodrive, who helped to unite two private investment companies from Kuwait. Adeem Investment, which already owns the Grosvenor House Hotel in London, has a portfolio worth $1.5 bn.

The Boss gets booted from 2014 Ford Mustang

The track-ready Boss 302package for the Ford Mustang will not be on the options list for the 2014 model, according to the order guide sent to Ford dealers. The 2014 Ford Mustang will be the last of the fifth generation of the car. A redesign for the 2015 model is expected to arrive in early 2014, using a new rear-drive platform that includes an independent rear suspension and a turbocharged four-cylinder engine option.