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Group 1 buys 12 London dealerships
Dealership buy-sells went global last week. Group 1 Automotive bought a dozen dealerships outside of London and a Dutch group invested in Houston's indiGO Auto.
BorgWarner Q4 revenue rises as net income declines slightly
BorgWarner, the turbocharger and emissions systems supplier, reported fourth-quarter gains in revenues and a slight decline in net income.
Gentex Q4 sales gains lag forecasts
Gentex, a mirror, camera and electronic component supplier whose customers include BMW, Mercedes and VW, said its fourth quarter net income rose a disappointing 2 percent while overall revenue jumped 7 percent from a year earlier.
Bentley names industry veteran Winkler to head Americas unit
Bentley said it appointed Michael Winkler as president and CEO of Bentley Motors in the Americas, replacing Christophe Georges, who will become director of product and marketing for Bentley's global organization. Winkler joins Bentley from Jaguar Land Rover.
VW Golf and Ford F-150 win North American Car and Truck of the Year awards
The Volkswagen Golf and Ford F-150 pickup were named 2015 North American Car and Truck of the Year by a panel of automotive journalists.
About 1,400 Jaguars, Land Rovers, others stuck on grounded ship, reports say
About 1,400 vehicles -- including 1,200 made by Jaguar Land Rover, 65 Minis, and one Rolls-Royce Wraith -- could be damaged after a cargo ship carrying them ran aground off the south coast of England, according to media reports.
BMW expands Takata airbag recall across entire U.S.
BMW expanded a U.S. regional recall across the entire country to include another 140,000 vehicles that have potentially faulty driver-side airbags,
Retired Ford exec Mascarenas joins ON Semiconductor's board
Retired Ford executive Paul Mascarenas has joined ON Semiconductor's board of directors. Mascarenas, 53, also has been added to the semiconductor supplier's science and technology committee, the company said.
BorgWarner posts flat net income for Q3
BorgWarner, which counts on Europe for about half its global sales, reported a 13 percent increase in revenue and flat net income for the third quarter after one-time charges.
TRW's revenue slips 1%, net income falls 4% in Q3
Safety technology supplier TRW, which counts on Europe for more than 40 percent of its sales, said that its third-quarter revenue dropped 1 percent to $4.16 billion from a year earlier, while net income fell 4 percent.
Toyota remains most valuable automotive brand
Toyota was named the best automotive brand worldwide for the 11th straight year, followed closely by Mercedes-Benz and BMW, in Interbrand's ranking of the 100 most valuable brands.
GM creates product cybersecurity post
GM hired its first product cybersecurity chief in a move designed to address the growing challenge of providing safe, secure and reliable technology in vehicles.