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BMW Sees a “Definite” Upturn in Most Markets – sales up 14% in February(0)

March 9, 2010
2010 BMW 328i Convertible

2010 BMW 328i Convertible

German luxury car maker BMW AG sees a "definite" uptuirn in almost all car markets after it's automobile and motorcycle sales increased 14 percent in February, and it sold 16 percent more Mini Cooper's compared to the same month last year.

"In key sales markets such as the United States, the automobile sector is showing encouraging signs of gradual recovery" the company said on Tuesday.

BMW's rival Audi said on Tuesday it delivered the bulk of earnings to parent company Volkswagen AG's group results in 2009.  Audi also predicts better earnings in 2010.

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U.S. will get compact Lexus Hybrid – CT200

Lexus CT200 Hybrid

Lexus CT200 Hybrid

After long insisting that a compact car was not in the Lexus U.S. product plans, Toyota officials announced last week that the CT 200h Hybrid hatchback will be sold in the United States by early next year.

The Tokyo auto show in October a concept version was unveiled, but Toyota Motor Corp. Executives said then that such a vehicle would not come to America any time soon. At the time. Lexus executives in the United States said they were pleading with Japan to bring the vehicle to the United States.

Toyota adds Avalon & RAV4 to Repair Program For “Oil Hose Leaks”

Toyota RAV4 - subject to oil hose repair

Toyota RAV4 - subject to oil hose repair

On March first Toyota Motor Corp., Said it will expand their repair program for leaking oil hoses to 217,000 more late model Avalon sedans and RAV4's.

The repair program is not a safety related recall and includes 2007, 2008 and 2009 model years, Toyota said today in a e-mailed statement. The repairs started last year on more than 716,000 Toyota  Avalon's, Camry's, RAV4's and Lexus Es350 and RX350 Toyota said.

The repair is related to the rubber portion of an oil supply hose that may degrade over time, producing an abnormal engine noise and the oil pressure light to come on, Toyota said.

General Motors reinstating more than 580 rejected dealerships

GM Dealership Sign

GM Dealership Sign

General Motors is preparing to reinstate most of the rejected dealerships that applied for arbitration, sources familiar with the matter said.

General Motors will restore more than 580 of the 1,600 dealerships that filled for arbitration to get their franchises back.

GM plans to contact the affected dealers via letter as soon as next week. GM is close to finishing the process of selecting dealerships to reinstate outside of arbitration, one source said.

The remaining dealerships GM intends to wind down before November, will not be contacted and GM will attemp to settle or arbitrate with them.


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