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- SiriusXM CEO Karmazin to step down
SiriusXM, which has equipped 50 million cars and light trucks with satellite radio service, said CEO Mel Karmazin is stepping down on February 1.
Переслать - Shortage of BMWs dents Sonic's average new-vehicle profits
Lower supplies of BMWs pinched average new-vehicle gross profits for Sonic Automotive during the third quarter, but inventory levels are returning to normal.Переслать - NADA blasts automakers on facility programs, stair-step incentives
The chairman of the National Automobile Dealers Association today criticized manufacturers for "intrusion" into dealers' operations by requiring facility renovations and creating two tiers of pricing for retailers.Переслать - Gentex quarterly profit slips amid Europe uncertainty
Gentex, which makes rear-view mirrors that reduce glare, posted a lower quarterly profit and said orders were slowing because of economic uncertainty in Europe, its biggest market.Переслать - Asbury: Ready for acquisition blitz
Asbury Automotive Group is ready to pursue major store acquisitions with the expectation annual U.S. auto sales will recover to 16 million vehicles in 2015.Переслать - Car shoppers' use of smartphones at dealerships grows dramatically
More than half of consumers who use smartphones to research a vehicle before buying do so while at a dealership, J.D. Power's 2012 Automotive Mobile Site Study found.Переслать - Hyundai, Kia to add more turbos, diesels
Hyundai and Kia plan to add more turbocharged gasoline engines and new transmissions to their powertrain lineups in the United States and elsewhere, Hyundai Motor Group said today.Переслать - GM tests magnesium sheet metal to take weight out of cars
GM engineers and scientists believe they have made a big step toward the expanded use of magnesium in vehicles by heating the lightweight metal so it can be formed into precise, rigid shapes needed for auto parts.Переслать - Ally's Canadian auto finance unit sold to RBC for $4.1 billion
Royal Bank of Canada has agreed to buy the Canadian auto finance and deposit arm of Ally Financial in a $4.1 billion deal to expand its vehicle-lending business at a time when loan growth overall is slowing in the country.Переслать - Iacocca endorses Romney, saying 'America is in deep trouble'
Former Chrysler chairman and CEO Lee Iacocca, saying 'America is in deep trouble,' is endorsing Republican presidential candidate Mitt Romney.Переслать
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