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5th
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Ford is poised to raise its quarterly dividend 20 percent, the third boost in as many years, even as the automaker has said profit would decline for 2014.
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Jan
5th
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BMW boosted December sales 11 percent to hold off Mercedes-Benz and recapture the US luxury-auto sales crown for 2014, as premium brands benefited from a surging stock market, low interest rates and attractive leasing offers.
Jan
5th
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Subaru of America sales topped 500,000 vehicles for the first time and set a sixth consecutive sales record for the high-flying brand.
Jan
5th
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Ford Motor reported its first year-over-year U.S. sales increase in four months, but it was one of only a few automakers to post a decline for all of 2014.
Jan
5th
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Big volume increases among Nissan's smaller nameplates -- the Sentra, Versa, Rogue and Frontier pickup -- led the brand to a record U.S. sales year in 2014.
Jan
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GM Ventures said on Monday (5 January) it was optimistic that its 2012 equity investment in Silicon Valley-based startup Tula Technology would result in a revolutionary new fuel economy technology that could be deployed in future petrol engine powered vehicles.
Jan
5th
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Record Jeep and Ram sales pushed FCA US up 20 percent last month to its best December sales since 2004.
Jan
5th
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GM rode surging demand for trucks and a 20-percent-off promotion to a 19 percent jump in U.S. sales last month, its strongest December since 2007.
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Automakers boosted their Canadian sales in December by 16 percent, and Ford held on to the top sales spot for the full year despite a late surge by FCA's Canadian unit. Total industry sales last year rose 6 percent to 1.
Jan
5th
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GM says a new infinitely variable cylinder deactivation system it has been developing with a Silicon Valley start-up can boost the fuel economy of gasoline engines by as much as 15 percent.
Jan
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Visteon claimed on Monday (5 June) its connected vehicle hub, which communicates with an embedded automotive telematics module designed to receive firmware over the air (FOTA) updates using LTE multicast technology, is an automotive industry first.
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Ally Financial said today that it completed the sale of its stake in a joint venture with a Chinese auto lender to General Motors for $1 billion.
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BMW has reportedly agreed to pay over $800m of subsidies to its dealers who are struggling to be profitable in a slowing Chinese market.
Jan
5th
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Software specialist Elektrobit said today it is opening an office in Silicon Valley to work with automotive randd centers that are developing self-driving cars of the future.
Jan
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Kongsberg Automotive said its driver control systems unit had won "significant contracts" to supply automated manual transmission (AMT) systems for commercial vehicles worth an estimated EUR110m (NOK990m) over five years.
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AB Volvo has announced that it has completed the acquisition of 45% of the Chinese automotive manufacturer, Dongfeng Commercial Vehicles Co., Ltd. The purchase consideration amounted to RMB 5.5 billion, Volvo said.