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U.S. Car Sales Climbed in June

General Motors and Chrysler reported double-digit sales of new vehicles, while Ford’s rose 7 percent. Toyota sales were up 60 percent.

 

Feds probe engine stalling in Chrysler 200

Federal safety regulators are investigating complaints about engine stalling in some Chrysler 200 midsize sedans. The probe includes about 87,000 of the cars from the 2011 model year...

 

Tesla's new sedan will make or break the company

Tesla Motors

It's a make or break moment for electric car maker Tesla Motors. Tesla has lost nearly $1 billion selling high-end electric sports cars to the likes of George Clooney. Now it's going to attempt to sell them to the rest of us - and try to make money doing so.

 

GM Confirms Siri 'Eyes Free' Integration Coming to New Models Within 12 Months

General Motors will be one of the first automakers to support Apple's Eyes Free feature in iOS 6, according to a report by GMAuthority. Eyes Free will put a dedicated Siri button on the steering wheel, allowing users to control their iPhones without moving their hands.

 

BMW, Audi Post Sales Records

BMW

BMW and Volkswagen's Audi brand said their monthly sales rose to records in May, putting the two best-selling luxury-car makers on course for another bumper year.

 

GM to drop Facebook ads due to low consumer impact

Facebook

General Motors Co said on Tuesday it will stop advertising on Facebook, even as the social networking website prepares to go public, with a source familiar with the matter saying the automaker had decided Facebook's ads had little impact on consumers.

 

Chinese Auto Dealer Plans $433 Million IPO

Chinese motor-vehicle dealer China Yongda Automobiles Services Holdings plans to raise up to $433 million in an initial public offering ahead of its listing in Hong Kong on May 30, people familiar with the situation said.

 

Mitt Romney’s claim of credit for the auto industry turnaround

Mitt Romney

Romney has been consistent on his position that a managed bankruptcy was the best course of action. But he keeps digging a bigger hole for himself when he claims that the path he recommended — which included no public assistance — would have been successful from the start. Both Presidents Bush and Obama rejected that advice, and there is little evidence the industry would have survived without the breathing room provided by public funds.

Senh: Wow. This is a new low for Mitt Romney, trying to claim credit for rescuing the auto industry when he clearly did not.

 

Toyota turnaround: Quarterly earnings quadruple

Toyota

Toyota Motor Co. wrapped up one of the worst fiscal year’s in the company’s history with an unexpectedly strong final quarter in which it saw earnings more than quadruple.

 

Automakers eager to open up the 'other' China

Despite an unexpected slowdown in sales earlier this year, the Chinese auto market is expected to hit an industry-record 20 million vehicles this year – prompting manufacturers to announce billions of dollars in new factory investments designed to keep up with booming demand.

 

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