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Oct
31st

Honda earnings surge 38% as higher vehicle sales offset currency hit

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Honda's quarterly profit surged 38 percent as rising vehicle sales, a pension plan adjustment and cost cuts offset exchange rate losses. The company lifted its earnings outlooks for the current fiscal year.
Oct
31st

Small dealerships lack the clout and capital to compete

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Regardless of geography, market size or franchise, many dealers with a single point or a small group find they must either become bigger or sell.
Oct
31st

Mexican auto industry closely watching U.S. elections

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The Mexican peso, which serves as a proxy for the nation's economic future, has jumped up and down for weeks as shifting polls show Hillary Clinton winning the race for the presidency or, conversely, Donald Trump closing the gap.
Oct
31st

Startups pick Michigan, where the engineers are

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Southeast Michigan is starting to look like northern California, minus the redwood trees, the year-round good weather and the crazy expensive housing.
Oct
31st

NISSAN’S GHOSN: CEO already plotting next targets

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Carlos Ghosn is five months from the conclusion of his multiyear Power 88 business plan, with its targets for increased profitability and bigger market share. He now has to decide what his next targets will be.
Oct
31st

Dealership embraces online and in-store sales

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At Ford-Lincoln Fairfield (Calif.), consumers can choose not only what to buy - in terms of vehicles, options and finance and insurance products - but how to buy.
Oct
31st

Ram to build current 1500 pickup into ’19

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Fiat Chrysler will build the current version of the Ram light-duty pickup well into 2019, even after it launches a redesigned Ram 1500 in early 2018, Automotive News has learned.
Oct
31st

ADESA, Manheim refocus on physical auctions in Chicago

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The physical auction business in the Chicago area promises to be more competitive and a lot more interesting as the nation's two auction titans gear up to go head-to-head in that market.
Oct
31st

AutoNation revives its used-only stores

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AutoNation CEO Mike Jackson, who pulled the plug on the company's last used-car chain, says the opportunity is ripe and the company has the right strategy this time.
Oct
31st

Industry disruptions tone down Ghosn

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Today's auto industry is changing so rapidly that Carlos Ghosn -- the hard-charging Nissan Motor Co. CEO famed for his fanaticism for specific results -- will drop midterm numerical targets when he unveils his new business plan next year.
Oct
31st

Retired rental supply to stay flat amid off-lease surge

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The overall volume of retired rental-fleet vehicles should be flat over the next several years, in sharp contrast to the expected surge in off-lease vehicles, forecasters say.
Oct
31st

Galpin’s chef: From 5-star fare to dealership kitchen

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In 2002, Geovannni Euceda gave up his position as chef at the swank Beverly Hills Hotel.  He's been running an industry rarity -- a successful restaurant inside a car dealership -- ever since.
Oct
31st

Mercedes E-class sales are up, incentives down

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Mercedes-Benz USA CEO Dietmar Exler says that the redesigned E-class sedan is selling well and availability is now strong.
Oct
31st

Adient begins life as world’s No. 1 seat maker

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Today, Oct. 31, the largest automotive supplier nobody ever heard of is to start business. That would be the $17 billion Adient, which is to launch on the New York Stock Exchange as a newly independent company and the world's No.
Oct
31st

Ford and Canadian union face midnight contract deadline

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Negotiations between Ford and Canadian union Unifor were set to continue today as tonight's 11:59 p.m. strike deadline approaches.
Oct
31st

Ford, Unifor ‘close to a deal’ as talks continue

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Ford Motor Co. and Canadian union Unifor are 'close to a deal,' the union said on Twitter just minutes following the midnight strike deadline. 'Negotiations continue w #Ford,' the tweet reads.
Oct
31st

Mini-degree trains self-driving car engineers

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The rising demand for workers experienced in autonomous vehicle engineering has resulted in an unconventional training ground for new talent.
Oct
31st

Ford, Unifor make &’minor progress&’ toward Canada labor pact, union says

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Bargainers for Ford Motor Co. and Canadian union Unifor made only 'minor progress' toward a new labor pact on Monday as an 11:59 p.m. EDT strike deadline approached.
Oct
31st

Suppliers say industry downturn likely

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Supplier index drops to most pessimistic outlook since 2012 - even as the industry outpaces last year.
Oct
31st

VW seeks fresh start, joins crossover crowd with Atlas

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For Volkswagen, the Atlas large crossover is more than just its first entry in the crowded and profitable field of family crossovers -- it's a new beginning.
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