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Earnings/Financials

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    Study: How much does your car really cost?
    1395609300

    It's easy to get wrapped up in certain aspects of a new car, like its speed, agility or looks while ignoring more pragmatic things like cost of ownership or residual values. The 2013 AAA Your Driving Costs report, though, indicates that these more mundane aspects of car ownership may be what are ...

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    Official: Toyota reaches $1.2B unintended acceleration settlement in criminal probe
    1395239220

    UPDATE: Just like that, Toyota has released an official statement confirming its $1.2-billion dollar settlement with the US Attorney's Office. Our story has been updated to reflect this development and the automaker's official statement has been added below. Toyota has reached a settlement over ...

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    Green: Wall Street still irrationally exuberant over Tesla shares
    1395174600

    In a world where electric cars are far from the norm, it seems odd to us laypeople that you can't buy a share of Tesla stock (ticker symbol TSLA) for less than $230. But a research note issued Monday from Goldman Sach's respected team of auto industry analysts (seen in PDF form in our gallery) ...

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    Report: Mazda3 sales off to rocky start despite massive critical acclaim [UPDATE]
    1395156600

    UPDATE: We've updated this post to include quotes and information from Eric Booth, Senior Manager of Public Relations at Mazda USA. Like just about every other auto publication we've seen, we loved the way the Mazda3 drove when we reviewed it a few months ago, but those glowing reviews ...

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    Report: VW targeting 10M sales in 2014
    1394982120

    Volkswagen Group believes it can sell over 10 million vehicles in 2014, with hopes of overtaking Toyota as the world's largest automaker in the process. If VW can do it, it would meet that goal four years earlier than planned. Of course, Toyota isn't sitting still – it also hopes to top the ...

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    Report: VW makes $23K on every Porsche sold, more than Bentley or Lamborghini
    1394836260

    It's a good time to be in the luxury car business. In Volkswagen Group's financial report for the 2013 fiscal year, it is revealed that that Porsche enjoyed an operating margin of 18 percent. That means the Stuttgart brand made on average about $23,200 per car sold, according to BusinessWeek. ...

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    Report: Toyota raises Japanese base wages for first time since 2008
    1394810940

    Toyota is on track for record profits, and in return, its Japanese workers are receiving their first increase in base wages since 2008, plus higher pay based on seniority and a larger bonus for 2014. The Japanese automaker predicts the average laborer will net a 2.9 percent income gain. The ...

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    Study: Small crossover sales explode; in other news, water wet, sun hot
    1394746320

    The compact crossover has officially become the modern station wagon. For families that need a practical vehicle that combines reasonable fuel economy and utility, they have become a natural choice. A new study by IHS Automotive published by Polk confirms this, with the relatively young market ...

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    Official: Aventador sales drive record revenue at Lamborghini
    1394568120

    Let it never be said that there isn't money to be made selling high-end exotic sports cars. Last month Ferrari revealed that it had recorded record profits despite selling fewer vehicles than the year before. Now arch-rival Lamborghini has reported record revenue. For the 2013 fiscal year, ...

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    Report: European sales forecasts getting brighter for 2014
    1394557260

    Auto sales in Europe have taken a beating over the years, but as the global economy is on the ups, so too are sales in the Old World. According to a report from Automotive News Europe, 2014 sales are now forecasted to increase around three percent compared to 2013. Analytical firm LMC Automotive ...

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    Report: Mazda goes on engineer hiring binge as recovery picks up speed
    1394463720

    Japan's larger automakers – companies like Toyota, Honda and Nissan – have tremendous engineering talent at their disposal. That's largely because, selling as many cars as they do, they've got more revenues to tap into. Logic might dictate, then, that smaller automakers like Mazda, ...

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    Report: GM bankruptcy terms may limit liability in ignition-related recall lawsuits
    1394456340

    General Motors is facing an investigation from the National Highway Traffic Safety Administration over its handling of a recall affecting roughly 1.6 million cars, but the automaker may have found a legal shield from possible future consumer lawsuits. The solution hinges on the old, ...

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    Report: Buy a Spyker bond, get a Venator
    1394384760

    Crowd-funding projects are quickly emerging as the way to get things done in the tech business, and the idea is even jumping into other fields as well. But it hasn't exactly caught on just yet in the automotive industry. A few months ago we reported on a crowd-funding campaign to revive the ...

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    Report: Nürburgring about to be bought by American investor group
    1394219700

    Roughly 18 months after going bankrupt, being put up for sale (which prompted rumors that Formula 1 supremo Bernie Ecclestone would buy it), the Nürburgring is finally very close to having a new owner. While the final contracts reportedly aren't signed yet, German business magazine ...

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    Report: American LaFrance fire engines shuttered after more than 180 years
    1394197200

    We often talk about companies like Ford and Mercedes-Benz that have their automotive roots over 100 years in the past, but those aren't the only old-timers in the industry. One of the oldest had been American LaFrance, a company that had been building firefighting vehicles for over 180 years. ...

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    Report: GMC's Denali offerings are going great guns
    1393620300

    The Denali trim that GMC uses to denote its top-of-the-line vehicles was introduced back in 1999, partly as a way to challenge the recently introduced Lincoln Navigator. Fifteen years later, and with GMC the tenth-largest US automotive brand by itself Denali has become a sub-brand that keeps the ...

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    Report: Barclays: GM suffering 'least successful large pickup launch over the last 15 years'
    1393533060

    General Motors has really taken it on the chin this week with the recall of over 1.3-million cars and a separate potential safety issue found in over 200,000 of its 2014 pickups. Things aren't getting any better, because now questions are being raised about the early sales success of its new ...

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    Report: Only best-performing US Fiat dealers to get Alfa Romeo franchises
    1393270260

    Alfa Romeo has been rumored to return to the US market so many times for so many years, it's hard to keep count. This time, though, Fiat Chrysler CEO Sergio Marchionne promises that it's for real. Alfa is scheduled to reappear in the States this summer with its 4C sports coupe as its introductory ...

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    Report: VW makes $9.2B offer for rest of truckmaker Scania
    1393164120

    Volkswagen owns or has controlling interests in three commercial truck operations: besides its own, VW began buying shares in Sweden's Scania in 2000 and now controls 89.2 percent of its shares and 62.6 percent of its capital, then bought into Germany's Man in 2006 - in order to prevent Man from ...

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    Report: Peugeot family cedes control in rescue deal with China's Dongfeng
    1392909300

    PSA Peugeot-Citroën may have been saved from the brink of collapse. It has finally completed a deal where Chinese automaker Dongfeng and the French government are each investing about 800-million euros ($1.1 billion USD) to take 14 percent stakes in the automaker, according to the BBC. The ...

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