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Earnings/Financials

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    Motorsports: Caterham F1 manufacturer files for bankruptcy
    1414013460

    Caterham is hardly the most stable and successful team on the Formula One grid, but things are looking even more troubling for the embattled outfit, as the company that makes its racecars has reportedly filed for bankruptcy protection. The company in question, Caterham Sports Limited, is ...

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    Official: Daimler divests remaining interest in Tesla
    1413987300

    Back in 2009, Daimler acquired over 9 percent of Tesla. A couple of months later, it sold 40 percent of that stake to Abu Dhabi-based Aabar Investments. The following year, Tesla listed on the stock exchange and Daimler's interest was reduced to 4 percent. But now the German industrial giant has ...

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    Official: GM delivers best Q3 sales since 1980, 2.4M vehicles sold
    1413394380

    People are a weird sort. Even after registering over 70 recalls through the first three-quarters of 2014, General Motors saw its best Q3 results since Jimmy Carter was in the White House, registering over 2.4 million global sales between June and September on the back of strong results in the US ...

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    Report: Acura TLX's early sales results look promising
    1413324060

    Acura made a bold move earlier this year when it decided to axe two fairly popular models in the TL and TSX and replaced them with a single sedan: the TLX. After all, how often have you seen modern automakers consolidating vehicles in the lineup? But early indications have shown that the gamble ...

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    Report: GM ignition-switch recall death toll rises to 27
    1413290640

    When General Motors began addressing the ignition switch debacle earlier this year, it estimated that 13 people had died due to its negligence in replacing the faulty component. That figure, however, has more than doubled by now. According to Bloomberg, Kenneth Feinberg – the attorney whom ...

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    Motorsports: $80M Ferrari deal would make Vettel world's highest-paid sportsman
    1413233880

    Formula One is in for a big shakeup next season, as the only two multiple World Champions on the grid are kicking off a game of musical chairs. Just who will end up where has yet to be figured out, but the overwhelmingly prevailing wisdom has Sebastian Vettel, who has already announced his ...

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    Exclusive: Red-light camera use declines as speed cameras continue to rise [w/video]
    Two Traffic-Camera Trends On Divergent Paths 1413221340

    Over the past three years, the number of speed camera programs has grown from 115 to 140. Early in his tenure, Gov. Chris Christie saw red-light cameras as a way to augment traditional traffic enforcement and keep motorists safe on New Jersey roads. Lately, he's seen the automated traffic ...

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    Report: Mahindra to buy 51% stake in Peugeot Scooter business
    1412891100

    PSA Peugeot-Citroën already lost a lot of control of its automotive business earlier this year when Dongfeng and the French government each bought 14 percent shares of the struggling firm to keep it alive. The company's scooter division, one of the oldest in the world, is now facing a ...

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    Report: China may surpass US as Porsche's largest market this year thanks to Cayenne
    1412886480

    China has already surpassed the United States as the world's largest automotive market, so it's no surprise that one day soon it will be the world's largest Porsche market. In fact, that day may already be here, as the PRC's Porschephiles outbought their American counterparts in September. ...

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    Featured: Billions of dollars at stake as dealers, Feds face off over auto loan regulations
    NADA Argues For Status Quo; Government Wants Tighter Rules 1412800020

    "Dealers have to discount those rates to be competitive. The current system saves customers money. Period." – Forrest McConnell Auto dealers and the federal government are facing off over proposed rules to regulate auto financing, and this week the head of the nation's largest dealer ...

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    Report: Aston Martin losses shrink, still amount to nearly $10k per car
    1412789460

    Aston Martin's current lineup may be the best it's ever been, but that doesn't mean the automaker is making money off its Vantage, DB9, Vanquish and Rapide dream machines. In fact, the company lost $41 million in 2013, but that pretax figure is actually a third lower than in 2012. Revenue was up ...

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    Report: Warren Buffet buys largest private US car dealership chain [w/video]
    1412335800

    When Warren Buffet makes an investment, people pay attention. That's just one of the perks of being one of the richest men in the world, and his latest move is a big one. Buffet's Berkshire Hathaway investment company is to hopping into the auto business in a huge way by buying Van Tuyl Group, ...

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    Official: GM outlines strategy for new products, growth in China
    Plans To Be Supported By 'Fortress Balance Sheet' 1412188200

    "Our strategic plan is a pathway to earn customers for life and create significant shareholder value in the process." – Mary Barra General Motors laid out ambitious plans on Wednesday to become the world's "most valued automotive company," a goal it says it can reach by strengthening ...

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    Motorsports: Brabham returns with open-source, crowd-funded racing team [w/video]
    1411939800

    A lot has happened since Sir Jack Brabham went down in history as the the only driver ever to win the Formula One World Championship in his own car. His offspring have followed in his footsteps, with two of his sons (Geoff in 1993 and David in 2009) having won at Le Mans with Peugeot. Bernie ...

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    Report: Sales incentive growth clustered around brands with few CUVs, trucks [UPDATE]
    1411583460

    While it's arguably been around the longest, the dominance of the four-door sedan has been under threat for many years. As a further sign of the hurtin' that SUVs and crossovers have put on today's four-doors, a new report from Automotive News points to the increasing use of incentives by brands ...

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    Report: Cadillac's de Nysschen won't budge on raised pricing
    1411079400

    According to new Cadillac boss Johan de Nysschen, it will take between 10 and 15 years to elevate GM's top brand, which was once hailed as "The Standard Of The World," back to prominence in the minds of American customers. And to hear the executive talk of it, the brand is going to have to be ...

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    Report: Hyundai spooks investors by paying $10B for new Gangnam HQ location
    Automaker Outbids Samsung, Stock Tumbles 9% 1411076700

    Doing things Gangnam style apparently costs a serious chunk of change, because Hyundai is reportedly paying roughly $10 billion for 19.6 acres (79,342 square meters) of land in the trendy district of Seoul, South Korea, to serve as the location for its new headquarters. That eye-popping number ...

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    Report: Fiat Chrysler global HQ lands in London's ultra-posh West End
    1411069500

    It seems Fiat is bent on bolstering its image as a global automaker, as word has leaked out that the Italian/American conglomerate has chosen to locate its global headquarters in a rather swanky neighborhood in London. According to Bloomberg, the rental location on St. James Street in London's ...

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    U-Turn: What you missed on 9.15.14
    1410823860

    Review: 2015 Lincoln Navigator We take the heavily refreshed 2015 Lincoln Navigator for a spin and find that there's plenty to like about the brand's truckish 'ute. Still, while it boasts a ton of room inside and stunning power from its 3.5-liter EcoBoost V6 engine, it's far from perfect. Read ...

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    Report: ZF buying TRW for $12.4B, creates second-largest supplier
    1410805680

    Two well-known companies in the industry will combine to create the second-largest auto parts supplier in the world. ZF Friedrichshafen AG, best known for its transmissions, has announced it is buying TRW Automotive Holdings, a major player in safety tech, as part of an approximately ...

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