Author: Automotive News Breaking News Feed
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Ford CEO discounts job-cut report, promises more news this week
Jim Hackett downplayed a report that the automaker may cut 25,000 jobs and said he’ll have more news to share later this week.
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Waymo’s first commercial robotaxi service launches in Phoenix today
Waymo, the subsidiary spun from Google to handle autonomous driving, intends to offer commercial service with its self-driving Chrysler Pacifica hybrid minivans. The service is called Waymo One.
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Jaguar Land Rover weakness drives owner Tata Motors deeper into junk rating
SandP Global Ratings lowered the credit rating of Tata Motors and its Jaguar Land Rover unit deeper into junk, citing weaker-than-expected profitability at JLR.
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GM CEO Mary Barra to face pressure as she meets with U.S. lawmakers on cutbacks
Even in a hyper-polarized Washington, there’s been one area of consensus lately on Capitol Hill: anger at General Motors and its CEO, Mary Barra. She will face that ire during two days of meetings this week.
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How Carlos Ghosn may have hidden $70 million from Nissan
Former Nissan CEO Carlos Ghosn had near-total say over how much he was paid, which may have led to his arrest for alleged financial misconduct.
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Interest rate hikes hurting car sales, Canadian economy
Plunging automobile sales add to evidence that higher borrowing costs are beginning to eat into Canadian economic growth, possibly faster than the central bank expected.
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Mustang Shelby GT500 to include two 3D-printed brake parts
Ford’s upcoming Mustang Shelby GT500, which will be revealed next month at the Detroit auto show, will be made with two 3D-printed brake parts from a new manufacturing center near Detroit.
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VW says it might use Ford manufacturing capacity in U.S.; White House meeting concludes
Volkswagen’s CEO said after a meeting at the White House that the German automaker was building an alliance with Ford and that they might use the U.S. automaker’s plants to build cars.
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VW’s planned departure from combustion engines becomes clear
Volkswagen Group expects the era of the combustion car to fade away after it rolls out its next-generation gasoline and diesel cars beginning in 2026.
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Why California auto dealers are taking on Volvo
The California New Car Dealers Association asked Volvo to stop its Care by Volvo subscription service after a review found what the association believes to be violations of California franchise laws.