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Opel Sales Climb 3% in Europe
1/8/2015General Motors Co.'s Opel/Vauxhall unit reports sales of 1.08 million vehicles in Europe in 2014 compared with 1.04 million for the previous year.
JCI Exec Kesseler Named COO at Tenneco
1/8/2015Tenneco Inc. has chosen Brian Kesseler, currently president of Johnson Controls Inc.'s Power Solutions starter-battery division, to become its chief operating officer, effective Jan. 12.
PSA Confirms Headquarters Move
1/7/2015PSA Peugeot Citroen Director Xavier Duchemin confirms to Reuters that the company will move its headquarters from central Paris to a western suburb in 2017.
Daimler Reveals Its Vision of Tomorrow’s Self-Driving Car
1/7/2015Daimler AG's Mercedes-Benz unit is using this week's Consumer Electronics Show in Las Vegas to illustrate how self-driving cars might look and function in 2030.
Lear Finalizes Acquisition of Eagle Ottawa
1/7/2015Seatmaker Lear Corp. has completed its $850 million acquisition of seating leather supplier Eagle Ottawa LLC.
Ford to Hike Dividend Again?
1/7/2015Ford Motor Co. is preparing to raise its quarterly dividend to 15 cents from 12.5 cents per share, according to Bloomberg News.
Toyota Forecasts Sharply Lower Sales Growth in China
1/7/2015Toyota Vios Last year Toyota Motor Corp. sales in China climbed nearly 13% to 1.03 million vehicles.
BMW to Launch Huge Dealer Bailout in China
1/7/2015BMW AG has agreed to pay its dealers in China 5.1 billion yuan ($821 million) to offset the cost of their expanding inventories, Bloomberg News reports.
Rolls-Royce Sets All-Time Sales Record
1/7/2015Ghost Series II Rolls-Royce Motor Cars Ltd. sold 4,063 cars in 2014, its highest annual volume since the brand debuted 111 years ago.
UAE Says Global Oil Glut Could Last for Years
1/7/2015The current worldwide glut of petroleum could last for years unless producers outside the Organization of the Petroleum Exporting Countries "act rationally" and reduce their output, declares the United Arab Emirates' oil minister.