Headlines for Friday, January 4, 2013

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BMW uses big Dec. gain to win U.S. luxury sales race

BMW sales surged 39 percent in December, powered by the 5-series car line, helping it top Mercedes-Benz in luxury-brand sales in the United States for the second consecutive year. Sales for BMW increased to 37,399 vehicles last month, boosted by a 72 percent gain for its mid-sized 5 series. Read More »

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Fiat exercises options to up stake in Chrysler to 65%

Fiat plans to boost its stake in Chrysler Group to 65 percent by exercising its option to purchase an additional 3.3 percent from the UAW's retiree health-care fund. Read More »