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BMW first in 2014 sales, but also in money race


While BMW, Audi and Mercedes-Benz are entrenched in a bitter feud over who’s the luxury segment sales leader, investors in the German automakers are more interested in who’s making the most money. And, as BMW AG’s namesake brand is the first in Q1 sales for 2014, it looks like it’s also on track to win the money race – as investor ...
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Audi says expansion and model costs to dent profit
While for the first two months of 2014 the German maker Audi managed to win the eternal No.1 race in the luxury segment, it also said its operating profit would ...
Malaysia to offer incentives for energy efficient vehicles
Potentially benefiting Honda and Nissan, who have operations there, Malaysia will issue licenses and incentives for manufacturers to make small, energy efficient cars in Southeast Asia's former auto hub. Malaysia was ...
Report – Audi boosts spending; will launch 11 new models in the coming years
According to persons familiar with the matter, Audi will grow spending on new models, plants and technology in coming years as the luxury carmaker steps up efforts to catch larger ...
UK’s car industry goal is now to boost the supply chain
The UK car industry is on a global offensive to rebuild its diminished supply chain behind its auto business, targeting 15,000 new jobs and almost 200 fresh projects over the ...
Luxury automakers going back to traditional U.S. and Japan markets?
As the years of profiting from China’s growing appetite for hyper-luxury are almost at an end, automakers like Lamborghini are signaling a shift back to more traditional markets such as ...
Report – Fiat will invest massive amount to produce the Maserati SUV at its Turin factory
We all know for a while now that Maserati plans to introduce a SUV – the Kubang – to fight the offensive of the premium and future luxury offerings in ...
$167 million will be invested by GM in Tennessee plant
General Motors announced on Tuesday it is ready to boost the investments into its Tennessee assembly plant by $167 million for the production of two new future vehicles. The automaker said ...
Ford and GM Invest Heavily in Russia
Ford and GM invest heavily in Russia to benefit of growth and increased demand for SUVs. "It's one of the few markets in Europe that is still growing," said Carol Thomas, ...
Jaguar Land Rover Makes Big Investments to Expand Globally
Jaguar Land Rover plans to invest £11 billion in the following four years to increase capacity and add new products globally. JLR will spend £2.75 billion annually in the following four ...

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