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Earnings/Financials

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    Report: Opel could break even next year
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    How things change. According to a report from The Wall Street Journal, Opel might just break even next year. This is kind of a big deal, largely because Opel has been arguably the most troubled branch both in General Motors' portfolio and in all of Europe. The report claims that Opel could be ...

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    Official: Dodge offering novel 1-year lease on '14 Challenger and Charger models
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    Dodge is just days away from unveiling refreshed versions of the Charger and Challenger at the 2014 New York Auto Show, models promising updated styling and new powertrain options. Depending on how you look at it, the company is either so confident in its forthcoming 2015 models that it's ...

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    Report: Ontario looks to liquidate its holdings in General Motors
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    The late-80s and early-90s saw the Canadian government divest itself from some of its largest state-owned businesses (known in Commonwealth countries as Crown Corporations) – particularly when it came to transport and energy companies. In a sweeping implementation of Thatcherism led by ...

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    Official: Ferrari gives employees record $5,600 bonus on strong year
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    Ferrari has got to be a great place to work. In fact, it's named as one of the best places to work in Europe year after year. Add to that the pride of making some of the coolest cars in the business, running one of the winningest teams in all of motorsports (even if the Scuderia isn't doing so ...

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    Read This: How Zipcar's founders grew apart and lost their carsharing empire
    1396795440

    Zipcar was one of the first major successes in carsharing in the US and is still a major player in the market around the world. The business now has offices in 26 American cities with about 10,000 vehicles and 860,000 members around the world. Rental car company Avis bought it for $491 million in ...

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    Report: Chevy ramping Silverado incentives after Ram beats it in March
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    General Motors isn't losing the pickup war without a fight. With the Silverado narrowly falling to third place in the truck segment in March, Chevrolet has announced that it is going to continue its Truck Month pricing through the end of April. In addition to those incentives, some Chevy pickups ...

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    Report: Ex-Hyundai CEO Krafcik joins TrueCar board amidst IPO plans
    1396636200

    Former Hyundai Motor America CEO John Krafcik has had a tumultuous year. Last June, he won the Automotive Executive of the Year from DNV Business Assurance. Then in December, he suddenly announced he was stepping down from his leadership role at the Korean automaker on January 1, with some ...

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    Report: McLaren profits could quadruple on strength of P1
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    McLaren has had success on the track for the last 50 years, but its recent move into also building road cars full time is paying big dividends. The British automaker says that it expects revenue to double this year and pre-tax profit on deliveries to be four-times higher, thanks in no small part ...

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    Report: Ford cuts 950 Russian jobs on weak demand
    1396526400

    The Russian auto market, in decline for the past year and further hit by the declining value of the ruble and recent sanctions over its annexation of Crimea, has forced Ford to cut jobs and shifts at two of its joint venture plants there. Around 700 of the 2,700 total workers who build the ...

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    Report: Did Ram outsell Chevy Silverado for first time in history last month?
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    Recently released automotive March sales figures point to a major shakeup in the pickup world. Last month, Ram's trucks overtook the Chevrolet Silverado to become the second-best selling vehicle in the segment for the first time ever. The Ram pickups outsold the Silverado by 285 units in March. ...

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    Report: Hyundai reveals CEO's pay for first time ever
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    Thanks to some government pressure, Hyundai's billionaire chairman, Chung Mong Koo, has revealed just how much he gets paid each year. Honestly, the amount is a bit lower than we'd expect considering he helms such a huge industrial empire. The 76-year-old chairman brought home $13 million in ...

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    Report: Marchionne says Fiat Chrysler can make 6 million cars per year
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    The combined Fiat Chrysler Automobiles will see its production capacity increase from a projected 4.6 million in 2014 to 6 million units once it completes its integration, according to statements made by FCA CEO Sergio Marchionne. "With the initiatives we will announce in May, six million is ...

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    Report: Toyota plans biggest stock buyback in over a decade
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    At the end of December, 2013 Toyota had a cash stockpile of 1.8 trillion yen ($17.5B US). As of March 31, at the end of its current financial year, company coffers are expected to swallow another 1.9 trillion yen ($18.4B US) in net profit - said to be a record sum for the Japanese automaker. In a ...

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    Report: Morgan Stanley predicts radical auto industry consolidation
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    A lack of technological foresight and changing economic conditions may bring dramatic consolidation to the auto industry in the next 15 to 20 years. Industry analyst Adam Jonas at Morgan Stanley believes that the number of major automakers could go from around 30 today to as few as 6 in that ...

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    Report: Bertone confirms bankruptcy, needs savior by end of April
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    The previously reported (potential) demise of Italian coachbuilder Bertone has been confirmed, and the company has entered bankruptcy proceedings. The court has until the end of April to decide whether to shutter the business, which was founded in 1912, or find a buyer. The coachbuilder behind ...

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    Report: Exhaust partsmakers raided by EU watchdog in price-fixing probe
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    We've seen automotive price-fixing scandals in the past, most recently against nine Japanese suppliers that received $740 million in fines from the US Department of Justice. Now the European Union is cracking down hard on the anti-competitive practice. On March 25, its regulators raided several ...

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    Rumormill: Fiat mulling purchase of MV Agusta?
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    Apparently to be a cool automaker in Europe, you have to build motorcycles. Volkswagen Group bought Ducati in 2012, and BMW has made bikes longer than it's made cars (until recently, it also owned Husqvarna). Fiat might be the next automaker to get into the two-wheel business, with rumors flying ...

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    Report: Ford Explorer is America's new favorite police car
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    There is a new vehicle that you should keep an eye out for when you're going a little too fast down the Interstate. Ford's Explorer-based Police Interceptor Utility was the bestselling new law enforcement model in the country last year, and signs show that won't be changing anytime soon. Ford ...

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    Study: How much does your car really cost?
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    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
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    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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