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BMW Buys ING’s Car-Leasing Business for Around $1 Billion

Germany’s BMW Group plans to buy the car-leasing unit of Dutch banking group ING for around $1 billion to expand its own fleet division and to support its budding electric car business. The acquisition...

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Auto Industry Sees Strong September Sales

This week, all of the major manufacturers in the auto industry released their sales numbers for September. And across the board, the news is very good. Across the board were reports of increased...

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Industry Records 1.4% Sales Increase in March

After three months of harsh winter storms, new-vehicle sales in March rose 1.4% from a year ago to 3.74 million units, according to Autodata Corp. The seasonally adjusted annual rate (SAAR) stood at...

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