Author: Automotive News Breaking News Feed
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Hyundai sharpens social media tools to target buyers for 2018 Sonata
For a video campaign to promote the 2018 Sonata, Hyundai couldn’t go in with a goal of reaching broad groups like millennials. It had to go hunting specifically for in-market sedan buyers, a pool that becomes shallower by the year.
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Dealers want sales and data skills in used-car managers
Data is increasingly king in used-car sales, but there is still a place for auction-hardened experience, dealers say.
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Subaru Executive VP Tom Esterday to retire December 31
Tom Easterday, Subaru of Indiana Automotive’s executive vice president, has worked at Subaru Corp.’s lone manufacturing plant outside of Japan from its beginning, but after a nearly 30-year career, he’ll retire on Dec. 31.
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Toledo spurs hometown industrial resurgence
Toledo’s port authority is using spec building to stimulate the city’s historic automotive manufacturing presence.
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Subaru Executive VP Tom Easterday to retire December 31
Tom Easterday, Subaru of Indiana Automotive’s executive vice president, has worked at Subaru Corp.’s lone manufacturing plant outside of Japan from its beginning, but after a nearly 30-year career, he’ll retire on Dec. 31.
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Adient suspends cash dividend after $1.35B loss in fiscal Q4
Automotive seat maker Adient, which has struggled to maintain consistent profitability since its spinoff from Johnson Controls in 2016, suspended its dividend as it reported a quarterly net loss of $1.35 billion.
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CarGurus shares customer shopping data with other vendors
CarGurus, an online automotive marketplace for consumers, is now allowing third-party vendors access to data about how customers are using the shopping platform.
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VW may invest in Ford-backed Argo as alliance talks advance
The two automakers are nearing a framework agreement to join forces on electric and self-driving vehicles #8212; capital-intensive areas that are reshaping the auto industry and straining carmakers’ finances across the globe #8212; people familiar…
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Subaru recalls nearly 229,000 Legacy, Outback models for gas gauge glitch
Subaru is recalling close to 229,000 vehicles for an inaccurate fuel display, the second recall the automaker has made this month.
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For Ford, echos of 2005 as debt, outlook weigh on investors
Ford’s debt is trading like it’s speculative grade as investors worry about how higher steel tariffs and slowing sales will weigh on the automaker’s profits and credit rating.