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  • Michigan approves 9 projects to add 3,900 jobs Tuesday, 22 Jul 2014 | 2:13 PM ET

    LANSING, Mich.— Michigan on Tuesday approved state incentives for nine economic development projects expected to bring about 3,900 jobs, nearly half from General Motors consolidating engineering jobs from outside the state at a site in Michigan.

  • Clarification: GM-Recalls-Rental Cars story Tuesday, 22 Jul 2014 | 10:14 AM ET

    WASHINGTON— In a story July 16, The Associated Press reported that General Motors became the first big automaker to support legislation barring rental-car companies from renting or selling vehicles subject to a recall.

  • July 22- Harley-Davidson Inc cut its full-year forecast for motorcycle shipments on Tuesday, citing weaker-than-expected U.S. retail sales and a delay in getting its newest bike into dealer showrooms.

  • Top droppers: These buyers drive convertible sales Tuesday, 22 Jul 2014 | 8:30 AM ET
    Rear view of the 2015 Mustang GT convertible on the top of the Empire State Building, celebrating the Mustang's 50th anniversary during the New York International Auto Show, April 16, 2014.

    Odds are the person driving with the top down is a wealthy baby boomer who probably has a bachelor's degree, or perhaps even a master's or doctorate.

  • July 22- Harley-Davidson Inc reported a higher-than-expected quarterly profit on Tuesday but cut its full-year forecast for motorcycle shipments, citing weaker-than-expected U.S. retail sales and a delay in getting its newest bike into dealer showrooms.

  • UPDATE 1-Luxury vehicle sales boost Asbury's profit Tuesday, 22 Jul 2014 | 7:18 AM ET

    *Profit $1.18/ shr vs est $1.09/ shr. The company, which gets most of its revenue from the sale of luxury and mid-line cars made by BMW, Mercedes-Benz and Honda, said it sold 13 percent more luxury cars at stores opened for at least a year.

  • Luxury vehicle sales boost Asbury's profit Tuesday, 22 Jul 2014 | 6:43 AM ET

    July 22- U.S. auto dealer Asbury Automotive Group Inc posted a 33 percent jump in quarterly profit, driven by strong demand for luxury vehicles. The company's net income rose to $35.9 million, or $1.18 per share, in the second quarter ended June 30, from $27 million, or 87 cents per share, a year earlier. Revenue increased 12 percent to $1.50 billion.

  • CNBC contributor Herb Greenberg discusses guidance comments made by AutoNation CEO Mike Jackson and red flags Michael Kors.

  • LONDON, July 21- European shares fell on Monday as fighting erupted in eastern Ukraine, while sales data from French carmaker Peugeot raised concern about demand from emerging markets. Peugeot's shares fell 3.8 percent after it said deliveries fell 25.8 percent in Russia, 26.8 percent in Latin America and 37.2 percent in Africa and the Middle East.

  • The safest used cars for teen drivers Saturday, 19 Jul 2014 | 11:00 AM ET

    The Insurance Institute for Highway Safety issued its first list of used vehicles that it most recommends for young motorists.

  • BERLIN, July 19- German car parts supplier ZF Friedrichshafen believes buying U.S peer TRW Automotive Holdings Corp would give it a better foothold in the market for self-driving and connected cars, its finance chief told a German paper.

  • DETROIT, July 18- General Motors Co in 2003 and 2004 made changes to redesigned ignition switch parts on four models but did not ensure that older, potentially faulty parts were taken out of circulation, the automaker said in a filing with U.S. safety regulators made public on Friday.

  • New Toyota minivan makes it easier to yell at kids Friday, 18 Jul 2014 | 3:42 PM ET

    DETROIT— Toyota wants to help you scream at your unruly kids. Toyota says it added Easy Speak "so parents don't have to shout to passengers in the back. Automakers are trying to come up with creative ways to make the out-of-fashion minivan more appealing, said Jessica Caldwell, senior analyst at the Edmunds.com automotive website.

  • Nissan ramps up push into self-driving vehicles Friday, 18 Jul 2014 | 10:06 AM ET
    The Nissan Autonomous Drive Leaf electric vehicle is test driven during the Nissan 360 event in Irvine, Calif.

    Before Nissan's first self-driving cars go on sale in 2020, it will launch new technologies that supplement the driver behind the wheel.

  • Kia recalls nearly 52,000 Souls to fix steering Friday, 18 Jul 2014 | 9:24 AM ET

    DETROIT— Kia is recalling nearly 52,000 Soul small SUVs to fix a problem that can cause steering failure. The recall covers vehicles from the 2014 model year built from July 21, 2013, through Jan. 17, 2014. The Korean automaker says a plug that secures a pinion gear to the steering assembly can loosen and cause the gear to separate.

  • July 18- U.S. auto parts maker Johnson Controls Inc reported a 3 percent rise in quarterly revenue, as demand rose for its car seats, and the company said it expected its cooling and heating systems business to return to growth in the current quarter.

  • Johnson Controls revenue rises 3 pct on China demand Friday, 18 Jul 2014 | 7:23 AM ET

    July 18- Johnson Controls Inc, the largest U.S. auto parts maker, reported a 3 percent rise in quarterly revenue, as revenue from its car seats and interior parts business rose 7 percent. Demand in the business was driven mainly by China, which contributed $1.8 billion to the division's revenue of $5.7 billion in the third quarter ended June 30.

  • *Takata could face more costs if car makers expand air bag recalls. TOKYO, July 18- Takata Corp said on Friday it would book a special loss of around 45 billion yen in the April-June quarter after several car makers recently recalled vehicles due to potential problems with its air bags.

  • Anna-Marie Baisden, head of autos analysis at Business Monitor International, says Volkswagen is "struggling" in the U.S. but a deal with Fiat could help the company.

  • DETROIT, July 17- Shares of AutoNation Inc, the largest U.S. auto dealer group, fell as much as 8 percent on Thursday after its earnings missed analysts' expectations. Analyst Joseph Amaturo of the Buckingham Research Group said he was "unimpressed" with AutoNation's results and that the company was not expanding its share of the U.S. new-vehicle market.