Author: Automotive News Breaking News Feed
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Mazda profits surge 60% on currency gains, strong sales
Mazda said its profits in the quarter ended Sept. 30 surged on exchange-rate gains and higher sales. Net income jumped 60 percent to 19.53 billion yen ($198.5 million) as revenue rose 24 percent to $6.5 billion.
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Ford sees 30% jump in Lincoln October U.S. sales as ads debut
Ford, a laggard in the U.S. luxury-auto market, said its Lincoln brand sales rose about 30 percent this month as it introduced new advertising for the revamped MKZ sedan ahead of rivals’ holiday promotions.
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VW’s rise to global No. 1 remains elusive as U.S. sales disappoint
Two years after VW began its latest push to become a major contender in the United States car market, local automakers are hitting back hard, hampering VW’s bid to be the world’s best-selling carmaker.