Wall Street powerhouse Soros Fund Management is ready to move on a deal to acquire auto dealerships, a representative of the fund said at a private dinner Saturday in San Francisco, according to two sources who attended the event.
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Mercedes-Benz premiered its Super Bowl ad for the AMG GT sports car -- an edgy take on the fabled tortoise vs. hare race -- on 'The Ellen DeGeneres Show'
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As Venezuela's automotive industry continues to falter amid exchange rate problems, powertrain supplier Dana Holding today said that it has sold its Venezuelan unit, CA Danaven.
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Confirmed deaths tied to General Motors' defective ignition switches stand at 50, four times GM's estimate through much of 2014, as a deadline nears Saturday for sending in claims.
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In BMW's Super Bowl spot, the brand is casting its electric i3 hatchback as an ahead-of-its-time concoction that needs some explaining -- just like the Internet back in 1994.
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Porsche is working to increase supplies of the new Macan mid-sized crossover to US dealers in 2015. Wait times for Macan buyers have been six months or more since it went on sale last May.
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After its U.S. market share fell to the lowest level since 1978, Volvo has put its global product strategy chief in charge of North America and significantly boosted its marketing budget in preparation for an upcoming blitz of new vehicles.
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Tamara Darvish, a well-known face of the DARCARS dealership group, filed a lawsuit against her father, John Darvish Sr., and the company he founded. The suit will have a ripple effect on the chain's 22 dealerships, experts say.
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Building an elaborate pregame hype machine reflects a growing trend among Super Bowl advertisers: To get the most bang for the buck from the biggest advertising event of the year, use social media early and often -- emphasis on "early."
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Competition has heated up, the Jetta and Passat have cooled off, and with back-to-back yearly declines, VW has missed out on a key boom period in U.S. auto sales -- a sore spot with dealers who made big bets on sustained sales growth.
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When Jeep introduced the Compass -- and later, its platform mate, the Patriot -- with front-wheel drive and continuously variable transmissions, it was derided by the faithful as an affront to the brand's off-road heritage.
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Nissan and its luxury Infiniti sibling have mellowed in their message of cutting-edge future products as 2015 begins. Missing from talking points this month at the Detroit auto show was any discussion of recent racy concepts.
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Nissan has a new strategy for scratching out a piece of Detroit's full-size pickup market: It will stop chasing cowboys. And it will instead think about Roman gladiators, Spartacus, NFL football players, and maybe even flesh-eating zombies.
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