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Jul
26
2017
Ford riding high as second quarter finishes

On Wednesday, Ford Motor Co. reported a “better-than-expected quarterly net profit.” The automaker attributed the increase to a lower tax rate and more U.S. sales of pickup trucks, but projected a pre-tax profit for 2017. Ford shares dropped 1.3 percent in premarket trading.

July 26, 2017
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Jul
21
2017
BMW sales chief Robertson retiring, succeeded by Dutch executive Nota

Ian Robertson is retiring as BMW’s sales chief, the automaker announced in a statement. He will be succeeded by Pieter Nota, who is moving from Dutch electronic and lighting company Philips to the automaker.

July 21, 2017
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Jul
17
2017
FCA closes Detroit plant as Dodge Viper nears end of production

The Conner Assembly Plant in Detroit, home of Dodge Viper production since 1992, is closing permanently on August 31 as FCA ends Viper production.

July 17, 2017
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Volvo announces plan to abandon combustion engines

In an electrifying announcement on Wednesday, Volvo said that every new vehicle it produces from 2019 onward will be at least partly electric “either as a mild hybrid with a 48-volt electrical system, a plug-in hybrid, or as an all-electric vehicle”, making the Swedish automaker the first to commit to only using alternative drivetrains.

July 7, 2017
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Jul
5
2017
Volkswagen reaches agreement with local partner to sell in Iran

After 17 years without a presence in Iran, Volkswagen Group has made plans to sell the Passat and the Tiguan in Iran.

July 5, 2017
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Toyota launches Job One production for 2018 Camry

Toyota has launched its Job One production of the Camry midsize sedan at its largest manufacturing plant in Georgetown, KY, founded in 1985 and capable of building 550,000 vehicles and 600,000 engines per year.

June 29, 2017
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Many U.S. auto workers already facing difficult times

As Wall Street frets that the auto market could be headed for a slump, thousands of General Motors employees are already experiencing hard times.

June 22, 2017
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Jun
19
2017
FCA tells dealers to stock up on Grand Caravans

Fiat Chrysler is taking a four-month hiatus from their Dodge Grand Caravans this year.

June 19, 2017
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On Trust: The Value of the Emotional Buyer

AMCI, a global automotive consulting agency that specializes in “getting results for the world’s most influential automotive brands,” noticed the discrepancy between customer loyalty in non-automotive and automotive brands and wanted to know why the auto industry was so behind.

June 19, 2017
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Former Hyundai executive jumps ship to Volkswagen

Derrick Hatami, a 2016 Automotive News Rising Star and former Hyundai executive, left the Japanese automaker last week to start work at Volkswagen of America as executive vice president for sales and marketing.

June 12, 2017
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Jun
8
2017
Toyota breaks up with Tesla, ending six-year partnership

In a move that “firmly” established Toyota and Tesla as rivals, the Japanese auto company quietly sold its stake in Tesla last year. The stake sale ended a six-year partnership between the automakers, a Toyota spokeswoman said on Monday.

June 8, 2017
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Jun
5
2017
Long-term new-car loans on the rise

Eight years ago in the first quarter of 2009, new-vehicle loans spanning 73- to 84-months made up 11.7 percent.

June 5, 2017
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