Author: Automotive News Breaking News Feed
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GM CEO Mary Barry gets earful from angry Michigan congressional delegation over planned plant, job cuts
General Motors CEO Mary Barra came under harsh criticism from members of Congress from Michigan for building a new vehicle in Mexico while planning to end production at five North American assembly plants and cut more than 14,000 jobs.
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Ford VPs Kenneth Kent, Joe Bakaj, Bill Russo to retire
The automaker’s treasurer, head of European product development and Asia Pacific manufacturing chief will leave at the end of December.
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New appointments show what Manley has learned about Fiat Chrysler management
With his appointment of two outsiders to key executive roles at FCA, CEO Mike Manley has made it abundantly clear that he has learned another tough lesson from his late boss, Sergio Marchionne.
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Fiat Chrysler to convert idled Mack II engine plant in Detroit engine plant to build Jeeps, reports say
Fiat Chrysler Automobiles plans to reopen its long-idled Mack II engine plant in Detroit as an assembly plant to build three-row Jeep SUVs, The Detroit News and CNBC reported today, citing multiple sources familiar with the plans.
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Why the FTC is sending $3.5 million to Sage Auto Group customers
The Federal Trade Commission said it will mail out 43,456 checks totaling more than $3.5 million for customers that fell prey to Sage Auto Group’s deceptive practices from 2014 to 2016.
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Lyft formally signals plans to go public
Lyft filed confidentially for an initial public offering of stock, pulling out ahead of Uber Technologies in the race among ride-hailing companies to go public.
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Subprime auto lending hits 11-year low
Despite an increase in subprime loan volume in the third quarter, subprime market share hit its lowest level in more than a decade, according to Experian.
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Superfast Lexus RC F Track Edition to debut at Detroit auto show
Lexus plans to unveil a new superfast coupe at the Detroit auto show in January, just months before it hits the market.
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Mark Stewart, 60, had been vice president of operations for Amazon, and will take over as chief operations officer for FCA in North America, a job held at the beginning of this year by Sergio Marchionne.
After nearly a decade of developing and renewing its leadership team internally, Fiat Chrysler has hired a pair of outsiders #8212; including a high-ranking Amazon executive #8212; for leading roles in its most profitable region.
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Trump’s combative side poses risk as Democrats hold key to USMCA
Donald Trump’s push to get Congress to quickly pass his NAFTA replacement trade deal — a crucial deal for the auto industry — will require the president to take an uncharacteristic approach in negotiations: seek compromise while resisting…