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Bids Pour In for Car Plates in Shanghai
3/21/2016More than 221,000 private car owners bid for 8,300 available license plates this month in Shanghai’s monthly lottery process, reports the Shanghai Daily.
Thailand’s Vehicle Exports May Stall This Year
3/21/2016Sluggish demand from Asia and Oceania could cause Thailand’s vehicle exports to plateau in 2016, cautions the Federation of Thai Industries.
BMW to Dedicate Assembly Plants to Front- or Rear-Drive Platforms
3/21/2016BMW AG hopes to reduce manufacturing costs 5% by assigning each of its assembly plants either front- or rear-wheel-drive models, but not both.
Maserati Levante SUV to Start at $72,000
3/18/2016The all-new 2017 Maserati Levante crossover/SUV will carry a base price of $72,000 in the U.S., while the upscale S package bumps the sticker to $83,000 (both are exclusive of destination charges.)
Ford CEO Fields Gets a 17% Compensation Bump
3/18/2016Ford Motor Co. reports it paid CEO Mark Fields $17.3 million in salary, stock and other compensation in 2015, his first full year in the job.
New U.S. Warning: Beware of Car Hackers!
3/18/2016The U.S. Dept. of Transportation, National Highway Traffic Safety Administration and Federal Bureau of Investigation have issued a joint public service announcement warning motorists and carmakers about the potential of third-party hacking into vehicles.
Buick LaCrosse Ups Computing Power
3/18/2016General Motors Co. says the redesigned Buick LaCrosse sedan has 31 electronic control units—14 more than its predecessor—to manage and improve the growing number of safety, performance, infotainment and connectivity features.
China’s Used-Car Market Could Grow to $309 Billion
3/18/2016Annual sales of used cars in China is likely to eventually reach nearly 2 trillion yuan ($309 billion), according to the Ministry of Commerce.
Mcity Exec to Lead Michigan Autonomous Vehicle Testing Project
3/18/2016The American Center for Mobility (ACM), a nonprofit organization that aims to convert a former General Motors powertrain complex in southeast Michigan into a center for autonomous vehicle testing, has hired John Maddox to lead the $80 million development program.
Ex-Porsche Execs Cleared of VW Share Manipulation
3/18/2016A regional court in Stuttgart, Germany, has acquitted former Porsche CEO Wendelin Wiedeking and Chief Financial Officer Holger Haerter of claims they manipulated Volkswagen Groupstock in a failed attempt to acquire the larger company, Bloomberg News reports.