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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.

BMW i Ventures buys in to ParkatmyHouse.com

BMW i-Ventures invest in ParkatmyHouse.com Earlier this year – when BMW launched their BMW-i Brand – there was also news of a new BMW company – BMW i Ventures – which BMW said they were setting up to invest in interesting stuff related to cars. BMW stated their goal as “…to expand the range of products and services offered by BMW i in the long term by taking stakes in highly innovative service providers”, and their first investment was in to an app business -  My City Way – which provides users with information on public transportation, parking availability, and local entertainment. BMW argue – very sensibly – that our fuel usage can be cut by using common sense and new technology.

The 10 Best Summer Vacation Cars, an AW List

Memorial Day is the first long weekend during which car fans can get out and hit the open road. Whether you want to take an “I just won the lottery” trip or a “Let's just get outta here” trip, AutoWeek has you covered. First, the dream road-trip cars and some dream trips, then some practical ideas.