Asbury Automotive Group Inc., the nation’s seventh-largest new-vehicle retailer, will pay $ 1 billion in a cash deal to buy 10 dealerships with 17 new-vehicle franchises — including many top performers in the Dallas and Fort Worth, Texas, markets —…
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EU approves $3.5 billion in aid for battery production, r&d
FRANKFURT — Opel and French battery manufacturer Saft can move forward with a plan to build electric vehicle battery cells in Germany after the European Union approved the use of state aid for the project. The companies plan to produce…
GM to end assembly at Ontario plant week of Dec. 16
(All figures in Canadian dollars. Exchange rate is $ 1 CDN = 75 cents U.S., as of Dec. 6.) General Motors Canada says it expects to cease production at its Oshawa, Ontario, assembly plant the week of Dec. 16, but adds in an…
UAW not ‘actively cooperating’ in corruption investigation, U.S. attorney says
DETROIT — New tips about corruption within the UAW have come in to federal authorities in recent days, U.S. Attorney Matthew Schneider said Tuesday. Schneider also said the UAW has not adequately cooperated with the yearslong federal investigation of the…
UAW, FCA reach tentative labor agreement
DETROIT — Fiat Chrysler Automobiles and the UAW reached a tentative agreement on a four-year labor contract covering wages, benefits and job security for 47,200 workers, in addition to $ 4.5 billion in new factory and product investments, the union said…
FCA recalls 72,000 Fiat 500s
Fiat Chrysler Automobiles is recalling 72,761 Fiat 500 vehicles worldwide over degraded shift cable bushings. Some bushings can degrade when subjected to heat and humidity, causing the shift cable to separate from the transmission and stop shifter function, the company…