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U.S. Car Sales Forecast to Grow 2% in 2015
10/15/2014Growth in demand for cars and light trucks in the U.S. will slow from 8% last year to 5% in 2014 and 2% in 2015, predicts LMC Automotive.
BYD Unveils 60-Foot Electric Bus
10/15/2014BYD Motors Inc. has introduced an all-electric articulated bus it says can carry as many as 120 passengers more than 170 miles.
Auto Industry M&A Deals Double in Value
10/15/2014The number of automotive merger and acquisition deals rose 13% to 250 worldwide in the first half of 2014, and their value more than doubled, according to a midyear report by PwC's automotive practice.
Study: U.S. Traffic Snarls Cost $124 Billion Last Year
10/15/2014An analysis from the London-based Centre for Economics and Business Research says the economic cost of traffic congestion in the U.S. totaled $124 billion last year and could jump 50% to $186 million by 2030.
Germany Cuts Growth Forecast
10/15/2014Citing unfavorable external factors, Germany now expects its economy to expand only 1.2% this year and 1.3% in 2015, down from previous estimates of 1.8% and 2%, respectively.
Toyota Recalls 1.7 Million Vehicles Worldwide
10/15/2014Toyota Motor Corp. is preparing to recall 1.67 million vehicles worldwide to remedy three brake and fuel system defects, Reuters reports.
NADA Names New Chairman for 2015
10/15/2014Bill Fox, a multi-brand car dealer in upstate New York, has been named 2015 chairman of the National Automobile Dealers Assn.
Investors Remain Cautious about Fiat Chrysler Automobiles
10/15/2014Investors have responded cautiously so far to this week's listing of Fiat Chrysler Automobiles NV on the New York Stock Exchange.
U.S. Car Sales Forecast to Grow 2% in 2015
10/14/2014Growth in demand for cars and light trucks in the U.S. will slow from 8% last year to 5% in 2014 and 2% in 2015, predicts LMC Automotive.
Daimler Triples Its Cash Flow
10/14/2014Daimler AG says the free cash flow of its industrial business jumped to €5.4 billion in the third quarter from €1.6 billion in the same period of 2013.