Business and Finance

Spain's August car sales jump 23% in 24th consecutive month of growth

Sept. 1, 2015 12:36 CET

Spanish new-car sales rose 23.3 percent in August marking 24 consecutive months of growth in a market that has benefitted from a government-backed subsidy scheme. Eight- month registrations rose 22 percent....
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Top Renault exec sees European rebound continuing in second half

Sept. 1, 2015 11:23 CET

Renault's Chief Competitive Officer, Thierry Bollore, expects Europe's rebound to continue as the region's economy improves and drivers replace aging vehicles. Bollore discussed this outlook and the challenges facing Renault with Automotive News Europe....
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Tesla names new Germany chief amid slow sales

Sept. 1, 2015 06:01 CET

Tesla named a new top executive in Germany where the U.S. electric car maker is struggling to gain a foothold....
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French new-car sales rise 10% percent in August on extra selling day

Sept. 1, 2015 11:05 CET

French new-car sales rose 9.7 percent in August, traditionally a slow holiday month, boosted by an extra selling day. All major brands increased sales except Toyota and Ford....
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UAW members at GM vote to authorize a strike

5:45 pm U.S. ET | Aug. 31, 2015

UAW-represented workers at General Motors plants overwhelmingly authorized union leadership to strike the carmaker if the two sides reach an impasse during talks over a new wage and benefit pact....
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FCA details buy-backs, incentives for completing older recalls

4:04 pm U.S. ET | Aug. 31, 2015

Fiat Chrysler Automobiles today issued details on its buy-back and incentive program offered to more than 1 million owners of vehicles recalled in 2013 but for which recall repair programs weren’t immediately available....
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Internet entrepreneurs back Chinese electric vehicle startup, NextEV

3:13 pm U.S. ET | Aug. 31, 2015

A group of deep-pocketed China-based internet entrepreneurs and financial investors, including Tencent and Hillhouse Capital, is backing an effort to create NextEV, a new rival to U.S. electric car maker Tesla Motors....
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Racketeering case against M-B store fails

12:01 am U.S. ET | Aug. 31, 2015

A Texas Mercedes-Benz store that stopped selling factory parts to a repair shop whose owner testified against it in a lawsuit has beaten an allegation of civil racketeering by the shop and its owner....
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Mazda CX-9 to borrow from Mazda6

12:01 am U.S. ET | Aug. 31, 2015

The next-generation Mazda CX-9 will adopt the elongated hood, sweptback stance and narrow headlights of the Mazda6 sedan, recent spy photos show....
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Updated Smart ForTwo convertible is due next summer

12:01 am U.S. ET | Aug. 31, 2015

The convertible version of the redesigned Smart ForTwo will debut next month at the Frankfurt auto show and go on sale in the U.S. early next summer....
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Classic Broncos reach ICON status

12:01 am U.S. ET | Aug. 31, 2015

Jonathan Ward, CEO of California-based ICON, sells refurbished and modernized classic 1960s-era Ford Broncos for between $175,000 and $230,000 - and says he can't keep up with demand....
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Grupo Antolin completes purchase of Magna interiors unit

1:33 pm U.S. ET | Aug. 31, 2015

Grupo Antolin closed on its acquisition of Canadian auto supplier Magna International Inc.’s interiors operations today in a deal valued at about $525 million....
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No S660 convertible for U.S., but Honda has some sporty ideas

12:01 am U.S. ET | Aug. 31, 2015

Honda's tiny S660 roadster from Japan likely has no future in the U.S. market, according to John Mendel. But that doesn't mean Honda doesn't have some fun things planned....
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Can BMW's tech-loaded, plush 7 series take on Mercedes S class?

12:01 am U.S. ET | Aug. 31, 2015

BMW's redesigned 2016 7-series sedan illustrates that even the brand that touts itself as a driver's car has succumbed to the gadget and semi-autonomous driving trend. In fact, BMW has outdone the Mercedes-Benz S-class sedan with gizmos....
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Porsche dealers looking to leverage posh new Atlanta experience center

12:01 am U.S. ET | Aug. 31, 2015

Porsche dealerships are hosting events at and sending customers to the Porsche Experience Center in Atlanta. That's exactly the kind of dealer buy-in Porsche's U.S. chief Detlev von Platen was seeking when he proposed the $100 million project....
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Suzuki will defend its independence after 4-year dispute with VW ends

Aug. 31, 2015 11:14 CET

Suzuki plans to defend its hard-won independence after arbitrators upheld the Japanese automaker's request to terminate a 2009 agreement with Volkswagen. VW will sell its 19.9 percent Suzuki stake, valued at about $3.8 billion....
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JASON STEIN

BLOG: Marchionne waits at the gate, but who is there to answer?

12:01 am U.S. ET | Aug. 31, 2015

Merger or no merger, General Motors, once unassailable in corporate America, is vulnerable. The really bad news for GM: A dragon stands again at the gates. And he's wearing a black sweater....
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Renault, Nissan halt $756 million India investment, report says

Aug. 31, 2015 11:43 CET

Renault and alliance partner Nissan have halted plans to invest 50 billion rupees ($756 million) in India because they say they are owed 46 billion rupees by the Tamil Nadu state government for investment promotion subsidies and tax refunds, a report said....
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Mazda rolls out store redesign

12:01 am U.S. ET | Aug. 31, 2015

A suburban Seattle store is the first store to adopt Mazda's first new dealership design in 12 years, a black-and-white motif called Retail Evolution. Mazda expects to finish six stores by the end of 2015 and break ground on five more, with roughly 75 projects to follow in 2016....
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PHOTO ESSAY

Getting the luxury treatment at Porsche's Experience Center

12:01 am U.S. ET | Aug. 31, 2015

Porsche employees moved into the company's new $100 million U.S. headquarters in Atlanta in January. The integrated Porsche Experience Center, a test track and other attractions, were unveiled in early May. Now U.S. dealers are using the facility to entertain clients....
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Chinese automaker BAIC Motor in talks to buy Daimler shares

12:01 am U.S. ET | Aug. 31, 2015

Chinese automaker BAIC Motor is in talks with Daimler AG about taking a stake in the German luxury carmaker, two sources with knowledge of the matter have told Reuters....
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China faces an added threat down the road: Capacity glut

12:01 am U.S. ET | Aug. 31, 2015

The news coming out of China right now is bad, and chances are, it’s going to get worse....
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JASON STEIN

Marchionne waits at the gate, but who is there to answer?

12:01 am U.S. ET | Aug. 31, 2015

The really bad news for GM: A dragon stands again at the gates. And he's wearing a black sweater....
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Doesn't a Miata price frenzy come standard?

12:01 am U.S. ET | Aug. 31, 2015

There's general agreement among the automotive cognoscenti that the redesigned, lightweight 2016 Mazda MX-5 Miata is the best model in the iconic roadster's 26-year history. But that isn't translating into a price-ballooning frenzy....
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Automakers' high tech collects dust

12:01 am U.S. ET | Aug. 31, 2015

According to J.D. Power's first Driver Interactive Vehicle Experience Report, at least 20 percent of new-vehicle owners never have used 16 of the 33 technology features measured....
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