Ford, General Motors and Chrysler have been granted a combined $2.1 billion in tax breaks to invest in 17 new projects in Michigan, the state’s economic development agency said Tuesday.
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BMW’s North America unit is recalling about 150,000 cars and sports-utility vehicles in two separate actions to fix faulty fuel pumps that could cause the vehicles to lose power, the German automaker said Tuesday.
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AutoTrader.com has agreed to buy the venerable Kelley Blue Book automobile pricing enterprise for an undisclosed amount, the companies said Tuesday.
Kelley Blue Book will operate as a subsidiary of AutoTrader and continue to be headquartered in Irvin…
The U.S. automaker reported a $1.7 billion profit on strong demand for its revamped line of products, despite a lackluster economy. Continued growth at its Ford Credit finance unit also helped push profits higher.
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Despite pleas by two members of Congress, General Motors said it would proceed with plans to close hundreds of dealerships across the U.S.
Continue reading General Motors Says ‘No’ to Postponing Dealership Clos…