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Customer Incentives
Customer Incentives BMW GROUP Expires May 31. 2014 models BMW X3 3.1% 2013 models BMW 1 series, 3 series, 5 series, 5 series Gran Turismo, 6 series, 7 series, M3, M5, M6, X1, X5, X5 M, X6, X6 M, Z4 1.9-3.1% Mini Cooper* 0.9% CHRYSLER GROUP Expires June 3. In lieu of rebates, cut-rate
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AutoNation unit launches Shop-By-Payment service
AutoNation Inc.'s lead-referral subsidiary today unveiled an online service that lets consumers search dealership Web sites for new and used vehicles based on monthly payments. When a consumer chooses the desired payment a sales lead is sent to the dealership. The service, Shop-By-Payment, is ...
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VW to modify late-model diesels to prevent improper fueling
WASHINGTON -- Volkswagen plans to refit more than a quarter million 2009-12 diesel cars to prevent North American customers from mistakenly pumping gasoline into the fuel tanks. The service action covers 209,500 cars in the United States and 51,600 in Canada. Affected models are the TDI versions of
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Magneti Marelli expands China production of lighting components
FOSHAN, China -- Italian supplier Magneti Marelli has opened a plant in the southern China city of Foshan to produce rear lights, headlamps and other lighting components. The supplier, which also has a lighting factory in Wuhu plus an randd center in Shanghai, aims to secure a 10 percent share of
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German brands enjoy sales boom in Korea
SEOUL (Bloomberg) -- South Korea has become a growth market for BMW, Mercedes-Benz and Audi as lower tariffs make their cars cheaper and local buyers abandon a decades-long preference for domestic brands. Foreign brands have seen their share of South Korea's market for premium vehicles surge to 41
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Marchionne apologizes for 'wop engine' comment
DETROIT -- Chrysler-Fiat CEO Sergio Marchionne has issued a written apology to an Italian-American anti-bias organization for saying at the Detroit auto show that an Alfa Romeo needed a "wop" engine. Marchionne, an Italian-born Canadian citizen, issued the apology this month to the Italian American
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Audi gripes, but Tesla could be en route to niche-brand success
Audi wants to be clear: Just because the Tesla Model S is outselling Audi's flagship A8 in the U.S. luxury sedan market, it does not mean Tesla Motors is beating Audi. In a blog post today on Audi of America's official news channel, the company says it has a problem with recent news reports ...
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The road to a greener America is littered with roadkill
LOS ANGELES (Reuters) -- In October 2004, then-California Gov. Arnold Schwarzenegger rolled up to a pioneering fueling station at Los Angeles International Airport in a hydrogen-powered metallic blue Hummer loaned to him by General Motors. The "California Hydrogen Highway," Schwarzenegger's vision
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Tesla Motors may repay U.S. loan by Wednesday, Musk says
DETROIT (Reuters) -- Tesla Motors Inc. may repay its U.S. Department of Energy loan as early as Wednesday, CEO Elon Musk said in a message on Twitter on Monday. Musk, a billionaire who owns 27.5 percent of Tesla, added that the company would move another announcement about its charging station ...
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Experian names John Gray head of auto unit
Experian has named John Gray president of its automotive business unit, effective immediately, with responsibility for the strategic direction, leadership and overall growth of the business. Gray, 56, joined the company in 2006 as vice president of sales and client services. He was promoted to ...
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AutoNation unit launches Shop-By-Payment service
AutoNation Inc.'s lead-referral subsidiary today unveiled an online service that lets consumers search dealership Web sites for new and used vehicles based on monthly payments. When a consumer chooses the desired payment a sales lead is sent to the dealership. The service, Shop-By-Payment, is ...
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Ford to maintain Canadian factory footprint despite high labor costs
TORONTO (Bloomberg) -- Ford Motor Co., Canada's top-selling automaker, is confident it can preserve its manufacturing profile in the nation despite unfavorable operating costs tied to the high Canadian dollar, the company's lead executive for the country said. "We are optimistic despite the ...
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NADA, GM reach out to tornado victims
The National Automobile Dealers Association and General Motors began reaching out Tuesday with assistance to dealers and victims affected by Monday's tornado in Oklahoma. Auto dealers affected by the tornado near Oklahoma City can go to the National Automobile Dealers Charitable Foundation for ...
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Lutz's VL Automotive, Chinese supplier bid for Fisker, report says
DETROIT (Reuters) -- A boutique automaker led by former General Motors executive Bob Lutz and China's largest auto parts supplier submitted an offer to buy cash-strapped automaker Fisker Automotive, people familiar with the matter told Reuters today. VL Automotive and China's Wanxiang Group made an
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Automakers, dealers remain opposed to bill preventing rental firms from renting recalled vehicles
Major automakers and auto dealers told a Senate panel Tuesday that they remain opposed to legislation that would prohibit rental car companies from renting or selling vehicles that are subject to a federal safety recall. Representatives from the National Automobile Dealers Association and the ...
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Auto dealers escape worst of tornado's wrath
Car dealers were recovering from damage and organizing aid to survivors today after a two-mile-wide tornado ravaged an Oklahoma City suburb, but there were no reports of the massive twister directly hitting dealerships. The tornado -- which devastated suburban Moore on Monday afternoon -- caused at
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Schaeffler confirms 2013 outlook, net debt
FRANKFURT (Reuters) -- German supplier Schaeffler has confirmed its annual forecast for revenue growth of about four percent and an operating profit margin of approximately 13 percent, despite a decline in first-quarter results. "Although we are not anticipating a quick recovery of the European ...
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Mercedes workers end strike in S. Africa
CAPE TOWN (Reuters) -- A two-day strike at Mercedes-Benz's East London car plant in South Africa ended today following crisis talks between management and a workers union. Local media reports said the strike began at the plant, which produces the C-class model, on Friday, after the company decided
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Ex-battery maker B456 wins court approval for bankruptcy plan
WILMINGTON, Delaware (Bloomberg) -- B456 Systems Inc., the bankrupt electric-car battery maker formerly called A123 Systems Inc., won court approval of a plan to exit bankruptcy that pays creditors from the proceeds of selling virtually all its assets. U.S. Bankruptcy Judge Kevin Carey approved the
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Chevy joins 'Mad Men' buzz on Twitter
Chevrolet brought some more attention to its role in "Mad Men" on Twitter after last night's episode. AMC's television drama "Mad Men" follows a fictional New York advertising agency in the late 1960s, which currently is working on a campaign for the Chevrolet Vega. Chevy sent two tweets last night
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Estimated Europe registrations by make, April and YTD
Estimated Europe registrations by make, April and YTD by make Estimated Europe registrations by make, APRIL & YTD April 4 mos. April April percent 4 mos. 4 mos. percent 2013 2012 change 2013 2012 change Volkswagen division * 145,997 * 137,438 6% * 523,491 * 569,527 -8% Audi *
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North America car and truck production by model - April and YTD
North America car and truck production by model - April and YTD Model North America car and truck production by model, April and YTD April 4 mos. April April Percent 4 mos. 4 mos. Percent 2013 2012 change 2013 2012 change Fusion 19 0 – 19 0 – Ford
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U.S. and Brazil bright spots for Fiat-Chrysler as Europe declines
Global April sales for Fiat-Chrysler show how much the Americas, especially the United States and Brazil, are supporting the automaker. Fiat-Chrysler's global vehicle sales were 394,100 units last month, up 10.8 percent compared with the same month a year before, according to Fiat's investor ...
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Toyota overtakes BMW as most valuable global car brand
Toyota has overtaken BMW as the most valuable automotive brand, an annual ranking of the world's top brands shows. The value of the Toyota, Mercedes-Benz, Audi and Hyundai brands improved by double-digit percentages compared with 2012, largely because of strong demand in China and the United ...
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Ford to reduce summer shutdowns at most N.A. plants
DETROIT -- Ford Motor Co., aiming to boost output of key models, is scaling back its annual summer shutdown to one week from two weeks at 20 North America plants. Ford said today the shortened hiatus will boost car and light-truck output in North America by 40,000 units. Combined with other recent