Latest news on ‘Automotive’
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S&P raises Ford’s outlook, citing 1Q profit
DETROIT (AP) – Standard and Poor’s is upgrading its outlook on Ford Motor Co., citing the automaker’s first-quarter profit.
S&P says it changed its outlook to positive from stable. It is [...] -
Toyota agrees to pay fine of $16.4 million, denies hiding gas-pedal defect
Toyota Motor Corp. agreed to pay a record $16.4-million fine for hiding safety defects related to sudden acceleration in 2.3-million vehicles Monday but at the same time denied that it [...]
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Lexus GX 460 rated ‘do not buy,’ Toyota halts sale
oyota Motor Corp. has suspended sales of the 2010 Lexus GX 460 after Consumer Reports warned car shoppers not to buy the sport utility vehicle because handling problems could cause [...]
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GM Generates $1 Billion in Cash After Bankruptcy Exit
(Bloomberg) — General Motors Co. generated $1 billion in cash last year after leaving bankruptcy in July as Chief Executive Officer Ed Whitacre cut half of the U.S. brands and [...]
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Toyota faces civil penalty of $16 million
Business Journal – The National Highway Traffic Safety Administration will seek a civil penalty of nearly $16.4 million against Toyota Motor Corp. for failing to notify the agency of a [...]
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Renault/Nissan to partner with Daimler
DETROIT – Renault SA and Nissan Motor Co. are expected to announce a parts-sharing and research alliance with German automaker Daimler AG as early as this week, according to a [...]
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GM’s March Sales Rose 43%
General Motors Co. on Thursday said March sales rose 43%.
GM said sales of Chevrolet, Cadillac and GMC rose 41%, 42% and 45%, respectively. Buick sales increased 76%. Part of the [...] -
Nissan’s electric car to cost less than $32K in US
NEW YORK (AP) — Nissan Motor Co. says its Leaf electric car will cost $32,780 when it goes on sale in the U.S. at the end of the year, an [...]
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With Geely Automobiles in the driver’s seat, what’s ahead for Volvo?
By David Pierson
Reporting from Beijing – For a carmaker whose success is owed to its cheap compact vehicles, China’s Geely Automobiles always seemed to operate with outsized ambitions.
Its plucky chairman, [...] -
Nissan, McLaren, Ford Plan 2 Billion Pounds in U.K. Investments
(Bloomberg) — Britain’s auto industry won investment pledges of 2 billion pounds ($3.1 billion) as Nissan Motor Co. and McLaren Automotive Ltd. announced plans for new cars and the government [...]
