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Hybrid Technology Hikes Bid for Fisker to $55 Million
1/13/2014Hybrid Technology Holdings LLC, which is trying to acquire the assets of bankrupt hybrid carmaker Fisker Automotive Inc., has hiked its bid for the company in an effort to thwart a rival offer, the Associated Press reports.
BMW Sales Approach 2 Million Units
1/13/2014BMW Group sold 1.96 million vehicles last year, up 6% from 2012, as its BMW, Mini and Rolls-Royce brands all posted record volumes.
Visteon Buys JCI Auto Electronics Unit
1/13/2014Visteon Corp. will spend about $265 million to acquire the in-car electronics business of Johnson Controls Inc.
Marchionne to Remain at Merged Chrysler-Fiat
1/13/2014Fiat SpA Chairman John Elkann says Chrysler-Fiat CEO Sergio Marchionne has agreed to remain in that role when the two companies merge this year.
Marchionne to Remain at Fiat-Chrysler CEO through 2016
1/13/2014Fiat-Chrysler CEO Sergio Marchionne will remain to lead the companies for at least three more years after they merge this month, according to Fiat Chairman John Elkann.
Continental Expects Record Sales in 2015
1/13/2014Continental AG, whose revenue last year rose 2% to €33.3 billion, predicts demand for its advanced vehicle electronics will boost sales 5% in 2014.
Chevrolet Sweeps North America Car, Truck Awards
1/13/2014The Chevrolet Corvette Stingray and Chevrolet Silverado fullsize pickup truck have been voted this year's North American Car and Truck of the year, respectively.
Slow Growth Expected for U.S. Economy
1/13/2014The American car market and general economy each will expand about 3% this year but are likely to drop below that pace in 2015 and beyond, say panelists at the Society of Automotive Analysts' annual Economic Outlook Conference in Detroit on Sunday.
VW Outsells GM in China
1/13/2014In 2013 Volkswagen AG outsold General Motors Co. in China for the first time in nine years.
New Chrysler 200 Has Alfa Roots
1/13/2014Chrysler Group LLC is counting on a dramatic redesign and high-tech powertrain to help revive interest in its Chrysler 200 midsize sedan.