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Technology Investments Shrink BMW Operating Profit
8/1/2013BMW AG netted €1.4 billion ($1.8 billion) in the second quarter of 2013 compared with €1.3 billion ($1.7 billion) a year earlier.
BMW Operating Profit Pared by Higher Technology Spending
8/1/2013BMW AG netted €1.4 billion in the second quarter of 2013 compared with €1.3 billion a year earlier.
Ford Pays NHTSA Fine to Settle Tardy Recall
8/1/2013Ford Motor Co. has agreed to pay a $17 million fine to the National Highway Traffic Safety Administration for delaying a recall of 2001-2004 Escape crossover vehicles.
American Manufacturing Growth Picks Up
8/1/2013U.S. factory activity expanded in July at the fastest pace in two years, spurred by rising new orders, according to the Tempe, Ariz.-based Institute for Supply Management.
Car Sales Surge 14% in U.S.
8/1/2013Demand for new cars and light trucks in the U.S. jumped to 1.32 million in July from 1.15 million a year ago, Autodata Corp. reports.
American Auto Sales Soar 14%
8/1/2013Demand for new cars and light trucks in the U.S. jumped to 1.32 million in July from 1.15 million a year ago, Autodata Corp. reports.
Bosch Opens Plant in China, Local HQ in Hungary
8/1/2013Robert Bosch GmbH has opened a new Hungarian headquarters in Budapest to house its local operations and a new plant in Chengdu, China, to manufacture automotive chassis safety systems.
Canada Prepares to Shed GM Stake
8/1/2013Canada is looking for investment banks to handle the sale its 10% stake in General Motors Co., Bloomberg News reports, citing an unidentified source.
Per-Dealer Sales Headed for Another Record
8/1/2013The average number of auto sales per dealership in the U.S. will reach 877 this year, the fourth record high in as many years, according to the midyear Automotive Franchise Activity Report from Detroit-based Urban Science Inc.
Suzuki Denies Resumption of VW Talks
8/1/2013Suzuki Motor Corp. says it has not resumed talk with Volkswagen AG about how to resolve a legal dispute over the dissolution of their equity alliance.