Month: June 2013
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BMW X5 gets first rwd variant, new front end look
BMW’s redesigned X5 crossover, coming in the fourth quarter, is slightly longer than the current model, gets a new front end and will be available with several new safety and communications features.
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N.A. output will reach 11-year high
Automakers are expected to build more than 16 million light vehicles in North America this year, the region’s highest output since 2002. Two major forecasters, LMC Automotive and IHS Automotive, predict that production will rise from last year’s 15.
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Mazda sales uptick stirs rebound hopes
Mazda is pointing to its May sales rebound as a sign that its U.S. turnaround, three years in the making, is finally under way.
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Can Nissan exec repeat Mexico miracle in U.S.?
Jose Munoz, who most recently dazzled Nissan leaders by pushing the company’s Mexican subsidiary into market dominance, became senior vice president of sales and marketing for Nissan and Infiniti brands over North and South America and the Caribbean…
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Big pickup transaction prices rise at twice the industry rate
It feels like the good old days for the Detroit 3, with big pickups flying off dealership lots and plants running full out to fill orders for large, profitable models.
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CEOs’ pay grows with the economy
Ford CEO Alan Mulally has repeated as highest-paid CEO at publicly traded North America-based automotive companies. Mulally took home $68,443,381 in 2012, up slightly from the $68,247,702 he made in 2011.
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Auto industry outsiders snag dealerships
They’re coming from investment banking and the beverage industry, real estate and manufacturing. What do they have in common? After making their money in other industries, they’re now snapping up or jockeying to buy U.S. auto dealerships.
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Chrysler’s high-stakes ‘no’ to NHTSA
For 17 years, automakers have complied with every request for a recall, no matter how costly, from the National Highway Traffic Safety Administration. And then last week, in a startling decision, Chrysler Group said no.
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Ram takes aim at GM, Ford truck-fleet reign
May and June are the bidding season for commercial fleet operators who purchase pickups by the dozen and sometimes hundreds.