Friday, March 24, 2017

Automotive industry

A BMW 530e iPerformance car is pictured during the earnings press conference in Munich, Germany, Tuesday, March 21, 2017. (AP Photo/Matthias Schrader)

FRANKFURT, Germany (AP) — German automaker BMW is forecasting increased sales and profits this year as it begins the rollout of some 40 new models and aims to sell 100,000 electric-powered cars. The company said Tuesday it expects “a slight ...
Carlos Tavares, CEO of PSA, left, and GM CEO Mary Barra pose for photographers before addressing the media in Paris, France, Monday, March 6, 2017. (AP Photo/Zacharie Scheurer)

BY ANGELA CHARLTON and TOM KRISHER PARIS (AP) — General Motors is selling its unprofitable European car business to the French maker of Peugeot, marking the American company’s retreat from a major market and raising concerns of job cuts in ...
The CEO of Volkswagen Matthias Mueller gestures during a press conference held after the conclusion of the company's board of directors meeting in Wolfsburg, Germany, Friday, Feb. 24, 2017. (Swen Pf'rtner/dpa via AP)

BY FRANK JORDANS BERLIN (AP) — Volkswagen bounced back into the black in 2016 after suffering a loss the previous year due to the diesel emissions scandal, according to figures released by the German automaker Friday. The company reported a ...
PSA Peugeot Citroen Chief Executive Carlos Tavares arrives to deliver his speech during the presentation of the company's 2016 full year results, in Paris, Thursday, Feb.23, 2017. (AP Photo/Christophe Ena)

BY ANGELA CHARLTON PARIS (AP) — The chairman of French carmaker PSA Group wants to create a “European car champion” with the purchase of General Motors’ European car business and pledged to work with governments and unions worried over job ...
In this July 22, 2011 file photo, the Chrysler logo is displayed at a car dealership in Omaha, Nebraska. (AP Photo/Nati Harnik)

NEW YORK (AP) — Fiat Chrysler says it is recalling some Chrysler cars because driveshaft bolts can come loose on all-wheel drive models, increasing the risk of a crash. The automaker says affected cars include 2014-2017 Dodge Charger and Chrysler ...
An Opel car, in front, is offered for sale by a Peugeot dealer in Gelsenkirchen, Germany, Tuesday, Feb. 14, 2017. (AP Photo/Martin Meissner)

BY DAVID McHUGH FRANKFURT, Germany (AP) — France’s PSA Group, maker of Peugeot and Citroen cars, says it’s exploring a possible takeover of Opel, General Motors’ money-losing European business. Cutting Opel loose could mean a solution to GM’s long-running drama ...
This March 7, 2016 file photo shows the logo of German car manufacturer BMW in Munich, Germany. (AP Photo/Matthias Schrader)

DETROIT (AP) — BMW is recalling more than 230,000 cars and SUVs in the U.S. to replace potentially dangerous Takata air bag inflators. The recall covers certain 3 series cars from 2000 to 2002, some 5 series cars from 2001 ...
This Thursday, Jan. 12, 2017, photo shows Chevrolet cars on a dealer lot in Pittsburgh. Automakers release vehicle sales for January, on Wednesday, Feb. 1. (AP Photo/Gene J. Puskar)

BY DEE-ANN DURBIN DETROIT (AP) — U.S. auto sales lagged in January as buyers recovered from holiday spending sprees, but the slowdown won’t last long. January is typically the weakest month of the year for U.S. auto sales, and last ...
In this Sept. 21, 2015, file photo, a Volkswagen logo is seen on car offered for sale at New Century Volkswagen dealership in Glendale, California. (AP Photo/Damian Dovarganes, File)

BY DAVID McHUGH FRANKFURT, Germany (AP) — Volkswagen has agreed to pay at least $1.2 billion in buybacks and compensation to settle claims from U.S. owners of cars with larger diesel engines that the company rigged to cheat on emissions ...
Visitors check a Toyota Land Cruiser at a Toyota showroom in Tokyo, Monday, Jan. 30, 2017. (AP Photo/Shizuo Kambayashi)

BY YURI KAGEYAMA TOKYO (AP) — Toyota has relinquished the title of the world’s biggest automaker, reporting Monday that it sold 10.175 million vehicles worldwide in 2016, fewer than Volkswagen’s 10.31 million. General Motors reports its tally next week. If ...
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