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Henrik Fisker resigns from Fisker Automotive

Henrik Fisker, founder and executive chairman of struggling plug-in hybrid vehicle maker Fisker Automotive, has resigned. In an email today to Automotive News, Henrik Fisker, referring to himself in the third person, said: "The main reasons for his resignation are several major disagreements that Henrik Fisker has with the Fisker Automotive executive management on the business strategy." Fisker confirmed his resignation in a phone interview and declined to comment further. Tony Posawatz, who became president and CEO of the company in August, said this morning that he had just been made aware of the resignation.

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.

A classic covey gathers at The Quail for Monterey weekend

For seven years now every August, the fairway in front of the Quail Lodge has been transformed into a racing paddock. Great sports, race and super cars of all eras sprawl out on the grass like a tremendous, wheeled museum of speed. This year, in addition to the usual categories of "pre-war sports and racing," "post-war sports," etc., there were classes for BMW M1s, a celebration of 50 years of racing at Daytona and even a class of eight Devins.