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U.S. Auto Sales Climb 13%
4/3/2012Carmakers sold 1.4 million light vehicles in the U.S. last month compared with 1.2 million in March 2011, according to Autodata Corp.
Canada’s Light Vehicle Sales Rise 3%
4/3/2012Sales of cars and light trucks in Canada totaled 157,800 units last month compared with 153,500 units in March 2011, according to Richmond Hill, Ont.-based DesRosiers Automotive Consultants Inc.
South Africa Vehicle Sales Grow 5%
4/3/2012Vehicle registrations in South Africa rose 5% to 56,100 units in March, according to the National Assn. of Automobile Manufacturers of South Africa.
Americans Plan to Spend Tax Refunds on Vehicles
4/3/2012One-third of Americans who receive a tax refund this year plan to spend at least some of it on car repairs or a replacement vehicle, according to an eBay Motors poll.
Japan’s Electech Pleads Guilty to Price Fixing
4/3/2012G.S. Electech has agreed to plead guilty in U.S. federal court to a felony charge of participating in a wide-ranging bid-rigging scheme among auto suppliers.
Car Transaction Prices Soar in America
4/3/2012The average transaction price of a light vehicle sold in the U.S. surged nearly $2,000 year over year to a record-high $30,750 in March, according to TrueCar.com.
Fiat Heir Considers Ducati Bid
4/3/2012Fiat scion Lapo Elkann tells Italy's Panorama Icon magazine that as "a patriot" he would consider buying Bologna-based motorcycle maker Ducati Motor Holding SpA to keep it out of foreign ownership.
U.S. Auto Incentives Shrink
4/3/2012Automakers spent an average $2,140 per light vehicle sold in the U.S. last month on incentives, down 3% from February and 10% less than in March 2011, according to Edmunds.com.
NedCar in Talks with Potential Buyers
4/3/2012Netherlands Car BV (NedCar), the De Unie union and the Dutch government are in talks with unidentified prospective bidders for the assembly plant, Dow Jones Newswires reports.
Ford to Add Stop-Start System in U.S.
4/3/2012Ford Motor Co. will offer an automatic engine stop-start system in the U.S. later this year as a $295 option on the redesigned 2013 Fusion sedan.