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BMW Posts Record March, First-Quarter Sales
4/12/2017BMW AG’s worldwide car sales rose 6% in March to 254,900 units, pushing up first-quarter volume by 5% to 587,200 vehicles.
Subaru Debuts Ascent 3-Row Crossover
4/12/2017Subaru Corp. has unveiled its upcoming midsize crossover vehicle, the Ascent, in concept form at the New York auto show.
EU Clears Lear to Buy Grupo Antolin Unit
4/12/2017The European Commission has cleared Lear Corp. to acquire the vehicle seating operations of Spanish auto parts supplier Grupo Antolin for €286 million ($306 million).
Hedge Fund Nominates Three GM Board Members
4/12/2017New York City-based Greenlight Capital Inc. says it has nominated three independents to the General Motors Co. board, presumably to push for splitting GM shares into two classes.
Ford Drops Electric Focus Model in Europe
4/12/2017Ford Motor Co. has phased out the all-electric version of its Focus five-door hatch in Europe after selling only 61 of the cars in 2016, Automotive News reports.
Uber’s PR Chief Quits
4/12/2017Rachel Whetstone, who left Google Inc. to head policy and communications for Uber Technologies Inc. two years ago, has left the San Francisco-based ride-share company.
Daimler Says 1Q17 Operating Profit Zoomed 87%
4/12/2017Daimler AG, citing unaudited data, says its earnings before interest and taxes for January-March soared to €4 billion ($4.3 billion) from €2.2 billion in the first quarter of 2016.
Retail Incentives Could Average $4,000 per Sale in U.S.
4/12/2017The average sales incentive carmakers pay per new-car sales in the U.S. is likely to surpass $4,000 this year, J.D.
Carmakers Aim to Align U.S., Calif. Fuel Economy Standards
4/12/2017Carmakers in the U.S. hope to negotiate a deal between federal and California agencies that would create a single set of fuel economy targets the applies to all 50 states.
VW Doubles Warranty on SUVs in U.S.
4/11/2017Volkswagen AG is doubling its usual bumper-to-bumper factory warranty to 6 years and 72,000 miles for its next-generation Tiguan and all-new Atlas SUV/crossovers.