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Mercedes' GLK problem: Too many high-end models in the U.S.

Mercedes-Benz has adjusted option packages on its new GLK-class premium SUV to help cope with an oversupply of high-priced versions. Ernst Lieb, CEO of Mercedes-Benz USA, said the company exported too many high-end models for the January U.S. launch.

Daimler, Renault are set to share vehicle platforms and engines

Following a year of intensive high-level talks and secretive, behind the scenes strategy meetings, Daimler AG and Renault SA have agreed on plans that will see their car-making divisions--Mercedes-Benz, Smart, Renault and Nissan--share resources on a wide range of products. The move signals more consolidation within the European automotive industry. Daimler chairman Dieter Zetsche and Renault president Carlos Ghosn have set out three primary areas of cooperation that will see the carmakers share small-car and light-commercial-vehicle platforms, small gasoline and diesel engines, and electric drive systems.

Chrysler announces six recalls

More than 260,000 vehicles will be impacted by the six recalls Chrysler announced Tuesday. None are particularly serious, but if you own a Chrysler product we've summarized the list below. -- 78,500 Dodge Nitro and Jeep Liberty 4x2 models from the 2007 and 2008 model years are being recalled to brace a heat shield that can loosen and contact the driveshaft, causing wear and possible breakage over time.