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GM Sales in China Drop 24%
2/16/2017General Motors Co. says this year’s early Spring Festival holiday in China caused its new-vehicle deliveries in January to fall 24% to 321,300 units.
SsangYong Motor Posts First Profit in 9 Years
2/15/2017SsangYong Motor Co. reversed a 62 billion-won loss in 2015 with a net profit of 58.1 billion won ($51 million) in 2016.
Aston Martin Teams Up on Hypercar
2/15/2017Aston Martin Lagonda Ltd. has identified several supplier partners for the limited-edition supercar it’s developing with Red Bull’s Formula One racing team.
Russia’s Light-Vehicle Sales Drop 5%
2/15/2017Deliveries of cars and light commercial vehicles in Russia declined 5% to a paltry 77,900 units last month, says the Moscow-based Assn. of European Businesses.
Tower International’s Adjusted Earnings Rise 23%
2/15/2017Metal stampings supplier Tower International Inc. reports its adjusted earnings before interest, taxes, depreciation and amortization rose 23% to $56 million in October-December.
Estimated U.S. Highway Fatalities Climb to 9-Year High
2/15/2017Traffic-related deaths in the U.S. rose 6% to a nine-year-high of 40,200 in 2016, according to preliminary data from the National Safety Council.
GM’s Barra, Ammann Meet Opel Officials
2/15/2017General Motors Co. CEO Mary Barra and President Dan Ammann have been meeting today with executives of its money-losing Adam Opel unit to discuss GM’s talks to sell the unit to PSA Group.
JLR Launches In-Vehicle Fuel Payment App
2/15/2017Jaguar Land Rover Ltd. is teaming up with Shell Oil Co. on what the partners describe as the world’s first in-car fuel payment system.
“Drive” Mobility Innovation Center Opens in Israel
2/15/2017Israel’s Mayer’s Cars and Trucks Ltd. has formed a new business dubbed DRIVE and opened an innovation center to support local transportation-oriented entrepreneurs and startup companies.
Could Opel Become an All-Electric Brand?
2/15/2017General Motors Co.’s Opel unit has been working for months on a plan to turn itself into an electric car-only operation by 2030, sources tell Manager Magazin.