Mercedes-Benz rewarded with EPA credits for adopting start-stop Auto News

Mercedes-Benz will get extra credit on U.S. fuel economy standards for putting start-stop systems in its luxury cars -- but not as much as the automaker had hoped.



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Technology propels fuel economy average to record 24.1 mpg, EPA saysAuto News

The average fuel economy of cars and light trucks, driven by wider use of technology such as direct injection and advanced transmissions, increased to a record 24.1 mpg in the 2013 model year, though the pace of improvement slowed.



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Mitsubishi maintains profit guidance, uncertain on sales outlookAuto News

Mitsubishi Motors expects to meet its full-year guidance for operating profit for the 2014-15 financial year, but is not yet certain it can meet its forecast for sales, a spokesman for the company said on Wednesday.



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Fuel-economy average climbs to record 24.1 mpg, EPA saysAuto News

The average fuel economy of cars and light trucks increased to a record 24.1 mpg in the 2013 model year, though the pace of improvement slowed compared with the two previous years, according to the U.S.



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Johnson Controls fires consultant after affair with CEOAuto News

Johnson Controls fired a consulting firm after learning that one of its principals had an extramarital affair with CEO Alex Molinaroli.



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Audi wants $2.5 billion in annual cost cuts to offset tech spending, reports sayAuto News

Audi wants to rein in costs by about $2.5 billion a year to offset surging spending on new technology, according to people familiar with the matter.



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Marchionne foresees merger creating a new No. 1 automakerAuto News

Fiat Chrysler Automobiles CEO Sergio Marchionne sees potential to form a new No. 1 automaker as companies grapple with low returns on the growing amount of money needed to develop a new car.



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BMW hires Ferrari's chief engineer Auto News

BMW has hired Ferrari's former technical director, Roberto Fedeli, for an as-yet unspecified role. Fedeli joined Ferrari in 1988 and has been responsible for the engineering of all Ferrari cars since 2007.



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BMW hires Ferrari's chief engineer, sources sayAuto News

BMW will announce later this month that it has hired Ferrari's former technical director, Roberto Fedeli, sources said. Ferrari said Fedeli left the carmaker Sept. 13.



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Marchionne says he's 'done' after 2018 Fiat Chrysler plan Auto News

Sergio Marchionne, Fiat's chief executive officer and the architect of its merger with Chrysler, plans to step down after completing a five-year strategic plan to expand the combined carmakers.



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Toyota supplier Denso considers Japan expansion as yen weakensAuto News

Denso is giving Japanese Prime Minister Shinzo Abe a reason to believe his weak yen policy will eventually boost investment by manufacturers.



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