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Car Sales Stall in U.K.
3/6/2017New-car registrations in the U.K. totaled 83,100 units last month, down 280 units from February 2016, the Society of Motor Manufacturers and Traders reports.
PSA Buys Opel for €2.2 Billion
3/6/2017PSA Group has agreed to acquire General Motors Co.’s Opel operations—including Vauxhall in the U.K. and GM Financial’s European unit—in a deal worth €2.2 billion ($2.3 billion).
Eurozone Growth at 6-Year High
3/6/2017The eurozone’s economy is expanding at its fastest pace since 2011, according to IHS Markit’s purchasing managers’ index.
China May Lower “New-Energy” Car Production Goals
3/6/2017China, pondering feedback from carmakers, says it may either reduce or delay programs intended to bolster the country’s output of electric and plug-in hybrid cars, Bloomberg News reports.
EPA Poised to Revisit Fuel Economy Targets Beyond 2021
3/6/2017The U.S. Environmental Protection Agency is expected this week to reopen a decision two months ago that carmakers must achieve average fuel economy levels above 50 mpg by 2025.
Mexico Agrees on Need to Update NAFTA
3/6/2017Mexico Economy Minister Ildefonso Guajardo agrees the 23-year-old North American Free Trade Agreement needs a tune-up.
GM’s Maven Launches Monthly Reserve Program
3/3/2017General Motors Co.’s Maven mobility unit is introducing a service that allows users to pay a monthly fee to reserve select vehicles for 28 days.
Brembo Posts Strong Sales, Earnings
3/3/2017Brake system supplier Brembo SpA reports its consolidated revenue in the fourth quarter of 2016 rose 8% to €565 million ($600 million), and net profit gained 5% to €55 million ($58 million).
Report: PSA, GM Reach a Deal on Opel Sale
3/3/2017General Motors Co. has agreed to sell its Opel unit to PSA Group, and the deal will be announced on Monday, PSA sources tell Reuters.
Jeep Targets 2019 Launch for All-New Pickup Truck
3/3/2017Fiat Chrysler Automobiles NV will begin building the Jeep Wrangler-based pickup truck it’s planning in late 2019 at its Toledo, Ohio, complex, The Detroit News reports.