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Union Threatens Strike at BMW Plant in U.K.
4/12/2012Britain's Unite union is preparing to ask its 2,000 members at BMW AG's Mini plant in Oxford, England, for strike authorization after workers overwhelmingly rejected down the company's final contract proposal.
U.S. Auto Industry Generates $135 Billion in Tax Revenue
4/11/2012The production, sales, service and use of motor vehicles in America contributed tax revenues of at least $43 billion to the federal government and nearly $92 billion to state governments in 2010, according to a new study from the Center for Automotive Research.
PACCAR to Cut Ohio Workforce
4/11/2012Truckmaker PACCAR Inc. confirms it will dismiss 10% of the 2,500 workers at its assembly plant in Chillicothe, Ohio, next week.
India’s Car Sales Could Rise 12% in Year Ahead
4/11/2012Passenger car sales in India are likely to grow 10%-12% to as much as 2.3 million vehicles in the fiscal year that began on April 1, says the Society of Indian Automobile Manufacturers.
Lear to Buy Seating Fabric Supplier
4/11/2012Lear Corp. says it has agreed to buy Guilford Mills, a supplier of textiles for auto seats, from private equity firm Cerberus Capital LP for an undisclosed price.
March Auto Sales Edge Up 1% in China
4/11/2012Carmakers sold 1.84 million new passenger and commercial vehicles in China last month compared with 1.82 million units in March 2011, according to the China Assn. of Automobile Manufacturers.
Audi Poised to Acquire Ducati?
4/11/2012Volkswagen AG's Audi unit plans to announce next week that it will buy Ducati Motor Holding SpA from the U.K.'s Investorindustrial, according Reuters and Italy's Il Corriere della Sera, which cite unidentified sources.
March Auto Sales Edge Up 1% in China
4/11/2012Carmakers sold 1.84 million new passenger and commercial vehicles in China last month compared with 1.82 million units in March 2011, according to the China Assn. of Automobile Manufacturers.
March Auto Sales Edge Up 1% in China
4/11/2012Carmakers sold 1.84 million new passenger and commercial vehicles in China last month compared with 1.82 million units in March 2011, according to the China Assn. of Automobile Manufacturers.
BMW Sales in China Top Those U.S.
4/11/2012BMW AG's sales of its namesake and Mini brand vehicles in China jumped 37% to a record 80,000 units in the first three months of 2012 compared with a 17% rise to a record 75,700 units in the U.S., Bloomberg News reports.