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Kia Names New CEO for U.S. Operations
3/1/2018Kia Motors Corp. has chosen SeungKyu Yoon, president and CEO of its Canadian operations, to take the same positions in the U.S., effective today.
Trump Announces Big Tariffs on Steel, Aluminum
3/1/2018President Donald Trump intends to levy new import tariffs of 25% on steel and 10% on aluminum next week that will continue “for a long period of time.”
Electric Bimmer X3 SUV Due in 2020
3/1/2018BMW AG will introduce an all-electric variant of its X3 crossover/SUV in 2020, Autocar reports.
U.S. Car Sales Slipped 2% in February
3/1/2018Deliveries of cars and light trucks in the U.S. dipped to 1.30 million units last month compared with 1.33 million vehicles in February 2017, says Autodata Corp.
Daimler Buys Out Partner in Car2Go Car-Share Service
3/1/2018Daimler AG says it will take full ownership of its Car2Go car-sharing service by acquiring the 25% stake held by French rental car company Europcar Group.
PSA Posts Record Sales, Earnings
3/1/2018PSA Group’s operating and net incomes last year climbed 23% to €4 billion ($4.9 billion) and 12% to €1.9 billion ($2.3 billion), respectively.
NAFTA Debate Over Local Content to Continue Between Sessions
3/1/2018NAFTA trade representatives have agreed to continue talks about local content rules for vehicles after the current round of official negotiations ends on Monday, sources tell Reuters.
FCA Plans “Detailed” Analysis of Magneti Marelli Spinoff
3/1/2018Fiat Chrysler Automobiles NV says it will conduct a detailed review in April-June of the merits of spinning off its Magneti Marelli partsmaking unit.
Suppliers Form Group to Defend U.S. Fuel Economy Rules
3/1/2018Companies involved in emission control systems are forming a lobbying group to challenge efforts by the Trump administration to roll back U.S. fuel economy and emission rules.
GM HR Chief Quits After 8 Months
3/1/2018General Motors Co.’s chief human resources officer has resigned for “personal reasons” after less than eight months in the position.