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U.S. Car Sales Rise 5%
8/4/2015Deliveries of passenger vehicles in the U.S. climbed to 1.51 million units last month from 1.44 million in July 2015, Autodata Corp. reports.
Chevy Volt Extends Electric Range to 53 Miles
8/4/2015General Motors Co. says the electric driving range of its 2016 Chevrolet Volt plug-in hybrid car will have an Environmental Protection Agency rating of 53 miles up 39% from the current Volt's 38-mile capability.
New McLaren Supercar Due in 2018
8/4/2015McLaren Automotive Ltd. plans to replace its current 650S supercar with an all-new model by 2018, Autocar reports.
Toyota Posts 10% Profit Gain
8/4/2015Toyota Motor Corp.'s net profit in the fiscal first quarter ended June 30 climbed 10% to a record 646 billion yen ($5.1 billion).
BMW’s Quarterly Earnings Dip
8/4/2015BMW AG reports its revenue in the second quarter of 2015 climbed 20% to €23.9 billion, helped by favorable exchange rates and an 8% increase in vehicle sales to a record 573,100 units.
Management Briefing Seminars Mark 50th Year
8/4/2015One of the auto industry's most important conferences, the Management Briefing Seminars in Traverse City, Mich., kicked off its 50th annual meeting yesterday in the wake of violent weather late Sunday that knocked out power to the venue and much of the surrounding area for 24 hours.
VIEWPOINT | SEEKING BEST PRACTICES IN AUTOMOTIVE CYBERSECURITY
8/4/2015Recent news media reports give the mistaken impression that the auto industry has not been addressing the challenges of cybersecurity for their increasingly connected vehicles.
GM Ignition Fund Review Nearly Finished
8/3/2015Only six claims for compensation from injuries and fatalities linked to faulty General Motors Co. ignition switches remain to be resolved by the fund set up to process them.
VW Begins Construction of 5th Assembly Plant in China
8/3/2015Volkswagen Group and its China FAW Group partner broke ground today on a $225 million (1.4 billion-yuan) assembly plant in Qingdao, China.
UPDATE: German Carmakers Buy Nokia’s Mapping Unit for €2.8 Billion
8/3/2015Audi, BMW and Daimler have agreed to acquire the Here digital mapping business of Finland's Nokia Corp. for €2.8 billion, according to the companies.