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Porsche Drops Base-Level Cayenne SUV
7/28/2014Porsche AG is eliminating the $50,600 base Cayenne large SUV from its U.S. lineup because the brand's new midsize Macan SUV starts at a $300 higher base price, Automotive News reports.
Aston Martin Revives Lagonda Marque
7/28/2014Aston Martin (UK) Holdings Ltd. confirms it will use its Lagonda nameplate for a limited-edition sedan it is developing for "invited" customers in the Middle East, according to media reports.
China Pressures Carmakers to Cut Prices
7/28/2014Anti-monopoly investigations in China have prompted Audi, Jaguar Land Rover and Mercedes-Benz to reduce prices on their vehicles and/or replacement parts.
Mazda Expands Takata Airbag Recall
7/25/2014Mazda Motor Corp. says it will add 18,000 Mazda6 midsize sedans and 50 RX-8 sports cars to last month's recall to replace defective passenger-side front airbag inflators that could explode.
U.K. Economy Surpasses Pre-Recession Peak
7/25/2014The U.K.'s gross domestic product expanded 0.8% in April-June from the previous quarter and 3.1% compared to the same period last year, according to the country's Office for National Statistics.
Lear Sets Quarterly Performance Records
7/25/2014Seating supplier Lear Corp. posted record sales and earnings for the second quarter, propelled by increases in vehicle production in the U.S., Europe and China.
FBI Searches Ford HQ in Espionage Probe
7/25/2014The Federal Bureau of Investigation conducted a search of Ford Motor Co.'s headquarters earlier this month after the company's security officers found listening devices installed in meeting rooms by a former engineer, The Detroit News reports.
Porsche Importer Buys South Africa’s F1 Racetrack
7/25/2014Porsche South Africa has acquired the Kyalami Formula One race track in South Africa for 205 million rand (€14.5 million), Bloomberg News reports.
U.S. July Sales Heading for 8-Year High?
7/25/2014Retail sales of cars and light trucks in the U.S. are likely to reach 1.4 million units this month, up from 1.11 million in June to the highest July volume since 2006, predict LMC Automotive and J.D.
Carmakers Seek Delay in EV Noisemaker Rule
7/25/2014Carmakers have asked the U.S. to delay phasing in a law that would require electrically powered cars to emit an audio alert at low speeds so pedestrians can detect their presence, The Detroit News reports.