Automaker brings down price of car
In an effort to make its Chevrolet Malibu more appealing to online car shoppers, General Motors has lowered the car's price by hundreds of dollars to compete with better-selling midsize sedans. GM has lowered the price of the Malibu by as much as $770, as the automaker seeks to improve its results in a segment that includes five of the 20 most popular vehicles in the U.S. The average price was reduced by about $450.
— Bloomberg News
Carmaker will add new SUV to U.S. plant
Mercedes-Benz says it plans to add a new sport utility vehicle model to the firm's production line in Vance, Ala. Dieter Zetsche, chairman of the company's parent company, Daimler A.G., told shareholders this month that the fifth model destined for Mercedes' sole U.S. auto assembly would be an SUV. Mercedes officials had said that a fifth vehicle would be added to the Alabama production line in 2015, but did not indicate what type of vehicle it would be until recently.
— The Associated Press