Author: Automotive News Breaking News Feed
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Mazda3 teaser photo signals new design language
Mazda will pull the curtains on the next-generation Mazda3 small car at this month’s Los Angeles Auto Show, kicking off a new era of performance-oriented vehicle platforms and Skyactiv-X drivetrains, all wrapped in a voluptuous new design language.
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Dealerships owned by ex-NFL stars lose Nissan, Kia franchises
A dealership group facing lawsuits by two captive lenders over allegations of failing to repay millions of dollars in floorplan loans lost at least two of its franchises, while two other dealerships have now closed.
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Two former FCA executives, one ex-UAW official sentenced in scandal
Two former Fiat Chrysler Automobiles executives and a former UAW official were sentenced Wednesday to federal prison for their involvement in the $4.5 million UAW-Chrysler training center scandal.
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How Hyundai Motor, once a rising star, lost its shine
Hyundai ran into problems in China and the U.S. for similar reasons: It missed shifts in consumer tastes, especially the surge in demand for SUVs, and it sought higher prices than it could command.
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BMW faces tough decision on crossover production
BMW is considering building more crossovers in China as tariffs between the United States and China are expected to dent the German automaker’s 2018 earnings by 300 million euros ($344 million).
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Delphi sees more headwinds in 2019
Delphi Technologies reported sharply lower net income for the third quarter, largely due to factors that hit other supplier results, especially an unexpected decline in sales in China.
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What is China’s Tencent doing with autonomous vehicles in California?
Chinese technology company Tencent is recruiting self-driving car engineers in Palo Alto, Calif., joining a crowded field of corporations vying for talent in the heart of Silicon Valley.
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Hyundai puts $250 million in Grab in a bet on EV mobility era
Hyundai agreed to invest an additional $250 million into Grab Holdings and sell a fleet of electric vehicles to the Singapore-based ride-hailing company as the automaker expands in mobility services.
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Chrysler Capital originations rise amid buyout talks
Loan and lease originations at Santander Consumer USA’s Chrysler Capital unit climbed in the third quarter as talks continue with Fiat Chrysler Automobiles about the automaker’s plan to form its own finance arm.
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CDK Global names former Intel chief Brian Krzanich as new CEO, replaces Brian MacDonald
Dealership software giant CDK Global said it hired former Intel boss Brian Krzanich to take over as CEO. Krzanich, 58, replaces Brian MacDonald, CDK’s CEO since 2016. The move is effective immediately.