Autos - Page 2

GM Makes It Official: 5 North American Plants, 6,300 Jobs Are Gone

In the name of "transforming the global enterprise," General Motors Co. (NYSE: GM) announced Monday morning that it plans not to allocate any products to five assembly plants and two ...
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GM Reported Ready to Close Canadian Plant, Fire 2,800 Workers

Canadian TV network CTV reported Sunday evening that General Motors Co. (NYSE: GM) will close its assembly plant in Oshawa, Ontario, according to unnamed sources. The assembly plant employs about ...
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Renault Refuses to Remove Ghosn Following His Arrest

French automaker Renault on Tuesday refused to remove chairman and CEO Carlos Ghosn who has been arrested and detained in Japan on charges of tax evasion for underreporting his income ...
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Nissan Chairman Ghosn Booted for Bogus Financial Reporting

Japanese automaker Nissan Motor Co. Ltd. has removed chairman Carlos Ghosn and director Greg Kelly from their roles in the company following a months-long whistleblower investigation into allegations of financial ...
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Detroit Recovery Hit By Credit Agency

The much-publicized recovery of the economy of the City of Detroit is barely a recovery at all. What was once the world's auto capital continues to lose population and its ...
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Does Self-Driving Technology Live Up to Its Name?

Two-fifths of Americans expect vehicles equipped with automated driving systems with names like Autopilot, ProPilot and Pilot Assist to be able to drive without any human intervention. That belief is ...
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European Auto Sales Decline Continued in October

The European Automobile Manufacturers Association (ACEA) on Thursday reported new vehicle registration totals in the European Union for the month of October. Sales declined by 7.3% year over year in ...
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World Business Leaders Say Auto Tariffs Are Their Major Concern

The Organization for International Investment has released its survey of chief financial officers (CFOs) of huge multinational companies. At the top of their list of concerns was tariffs on automobiles. ...
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Ford’s China Sales Sink Lower in October

Recent turnaround efforts notwithstanding, Ford Motor Co. (NYSE: F) continues having a very bad year in China. Sales fell 45% year over year in October and are down 31% for ...
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Driverless Cars Will Lead to More Sex in Cars

The transition from vehicles with little or no autonomous driving features to a fully autonomous (self-driving) passenger vehicle will take place over a span of 25 or more years. That ...
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Even When Tesla Wins, It Can Still Lose

On Sunday, a Tesla Inc. (NASDAQ: TSLA) Model 3 turned in the second-fastest time in a Global Time Attack Super Lap at Buttonwillow Raceway in southern California, near Bakersfield. While ...
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Auto Sales Still Tanking in China

New car sales in China fell by 12% year over year in October, the fourth consecutive month to experience a year-over-year drop in sales. For the first time this year, ...
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Ford Takes the Cheap Path Into the Scooter Business

Ford Motor Co. (NYSE: F) announced Thursday morning that it has agreed to acquire electric scooter maker Spin. The company did not name the price, but the Detroit Free Press ...
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The Only Car Stock Worth Owning

Ford Motor Co.'s (NYSE: F) prospects have been pounded by poor sales in China and worry about its electric car programs. General Motor Co. (NYSE: GM) shareholders worry it will ...
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How Higher Interest Rates and Tighter Credit Are Adding to Peak Auto Fears

  While the notion of "Peak Auto" is not a new observation about the U.S. domestic car buying trends, there is another source of pressure that has not garnered as ...
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