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2015 Seen as Tipping Point in China Capacity Utilization
7/23/2015Carmakers in China are using about 94% of their local production capacity in 2015, marking the first time in several years that utilization was below 100%, according to analysts at Sanford C.
Mitsubishi Poised to End Carmaking in U.S.
7/23/2015Mitsubishi Motors Corp. plans to end vehicle production in the U.S. and sell its factory in Illinois, according to The Nikkei.
FTC Probes GM Over Dealers Who Sold “Certified” Used Cars That Need Recall Fixes
7/23/2015General Motors Co. has disclosed it is the target of a Federal Trade Commission probe because some of its dealers advertised "certified" used cars that have been recalled but not repaired, the Associated Press reports.
Ferrari Files for IPO
7/23/2015Fiat Chrysler Automobile NV's Ferrari unit has filed to make an initial public offering on the New York Stock Exchange, Bloomberg News reports.
Production Version of Sporty Kia GT Coming Soon?
7/23/2015Kia Motors Corp. is expected to show an updated version of its four-year-old GT sporty concept vehicle later this year or in early 2016, according to multiple media reports.
Harley-Davidson Recalls 185,000 Bikes
7/23/2015Motorcycle maker Harley-Davidson Inc. is recalling many of its 2014-2015 models because their saddlebags could come loose, fall off and cause a crash.
Daimler's Second-Quarter Revenue, Profits Surge
7/23/2015Daimler AG reports its revenue and net earnings for the second quarter of 2015 climbed 19% to €37.5 billion and 8% to €2.4 billion, respectively.
BMW, Total Partner on Dual-Technology Hydrogen Station in Germany
7/23/2015Fuel giant Total SA and BMW AG have opened a new hydrogen fuel station in Munich, Germany, they say is the first in the world to offer two different dispensing technologies.
GM Profits Jump as Revenue Dips
7/23/2015General Motors Co.'s net revenue dropped 4% to $38.2 billion in the second quarter of 2014, hurt by unfavorable exchange rates that cut automotive revenue by $2.2 billion.
Data Security Drives Mercedes Bid for Mapping Company
7/23/2015Acquiring Nokia Corp.'s map business would allow carmakers to strengthen firewalls to prevent hackers from tapping into a vehicle's control systems, Daimler AG CEO Dieter Zetsche tells reporters.