Mercedes' gross profit in the first quarter increased by £1.2 billion compared with the same period last year
Mercedes-Benz adopted direct-to-customer 'agency' sales model in the UK in January
US firm targets new customers in same way it did with Mustang Mach-E and F-150 Lightning
Opel-Vauxhall's first-quarter market share fell to 3.6% from 4.0%
Car-making giant's CEO, Carlos Tavares, had previously set a March deadline for issues to be resolved
Shanghai was chosen for Maybach's first-ever dedicated 'Atelier' showroom
A combination of luxury and high-end technology has proven a winning formula for the brand in the East
Codenamed EC24, it will have two battery sizes, with a maximum range of 435 miles
Chinese EV brand's Tesla Model 3 rival has the option of four-wheel drive and over 300 miles of range
Mercedes-Benz rolled out the agency model in the UK at the start of the year
Penske made an average gross profit of £3125 per car on Mercedes new car agency sales in March
Tesla delivered 422,875 vehicles in the first quarter of 2023, up 36% on the same period last year
Elon Musk attributes recent price cuts to the forecasted profitability of in-car subscription services
The Tesla Model 3 now costs just £27,000 in China, and domestic-market rivals are even cheaper
Flagship Makalu computing platform embeds a Ryzen-architecture chip from US maker AMD
Infotainment company, linked to Chinese giant Geely, uses advanced chips to enable new software experiences
Land Rover Discovery Sport and Range Rover Evoque to go electric in 2025
Halewood plant to build three or four EVs atop EMA platform, beginning with Mk2 Velar in 2025
Aston Martin has said it will launch an electric car in 2025
Strict new emissions rules mean low-volume car makers can no longer benefit from higher CO2 allowances
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