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Mazda Prepares to Abandon the Minivan Market
2/29/2016Mazda Motor Corp. plans to phase out its lineup of three minivan models by the end of 2017, according to The Nikkei, which cites no sources.
Suzuki Maruti Launches Baleno Exports to Europe, Japan
2/29/2016Maruti Suzuki India Ltd. has begun shipping its next-generation Baleno hatchback to Europe and Japan, where the car will be marketed by parent company Suzuki Motor Corp.
U.S. Economy Expands 1%
2/29/2016America’s gross domestic product expanded by an upwardly revised 1% in October-December last year, according to the U.S. Dept. of Commerce’s Bureau of Economic Analysis.
Marchionne Bets 85% of His Fortune on FCA
2/29/2016About $232 million of CEO Sergio Marchionne’s personal wealth is tied up as shares in Fiat Chrysler Automobiles NV and former Fiat units CNH Industrial and Ferrari.
Germany Moves Closer to Decision on EV Incentives
2/26/2016Germany, which has for months debated the question of using government incentives to bolster demand for electric vehicles, appears to be moving closer to an answer, Bloomberg News reports.
Light Trucks Dominate List of Longest-Lasting Vehicles
2/26/2016The top nine models on iSeeCars.com list of high-mileage vehicles in the U.S.—based on sales of used vehicles last year with at least 200,000 miles—are pickup trucks and SUVs.
GM Propulsion Exec Gets SAE Engineering Innovation Award
2/26/2016SAE International has selected Larry Nitz, who heads General Motors Co.’s global transmission and electrification activities, as the winner of this year’s Edward N.
Nissan to Buy Back Shares
2/26/2016Nissan Motor Co. says in a regulatory filing it intends to spend as much as 400 billion yen ($3.5 billion) this year to buy back nearly 7% of its shares.
Magna Sales, Income Drop
2/26/2016Magna International Inc. reports its sales and net income fell 3% to US$8.6 billion and 6% to US$483 million, respectively, in the fourth quarter of 2015.
Hennessy-Tuned Chevy Camaro SS Boasts 1,000 Horses
2/26/2016Houston-based Hennessey Performance Engineering is offering an upgrade kit that can boost the output of a 2016 Chevrolet Camaro SS to 1,000 hp and 887 lb-ft of torque.