Author: Automotive News Breaking News Feed
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Auto suppliers seek pause on steel, aluminum tariffs until U.S. capacity develops
Suppliers say they can’t afford to make investments to develop domestic metal sources if they’re getting beat up with tariffs at the same time.
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VW subsidiary commits $2 billion to charging stations
Automakers haven’t been eager to spend the billions to build EV charging infrastructure. Now, Volkswagen is working to make it happen — not because it wants to, but as a punishment.
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Rising vehicle prices tighten pre-owned inventory
Cox Automotive predicts rising vehicle prices will lead to fewer pre-owned cars and trucks for dealers.
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GM, Ford turning to reward programs to boost customer loyalty
As U.S. auto sales slow, some automakers are increasing efforts to retain current customers rather than conquesting new ones.
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Tenneco to close 2 plants amid ride control restructuring
The supplier expects to begin transferring work to its ride control facility in Kettering, Ohio, this year.
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Tesla says it hasn’t been subpoenaed on Model 3 production following report of FBI investigation
Tesla has not received a subpoena from the Department of Justice related to its forecast for Model 3 production, the carmaker said after The Wall Street Journal reported the company is facing a deepening criminal probe about the projections.
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UAW nonprofit builds lakefront cabin for retired president amid scandal, report says
As the federal investigation into the FCA-UAW scandal continues to widen, local news reports that Union Building Corp., the UAW’s nonprofit real estate unit, is building a lakefront cabin for retired President Dennis Williams.
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Used-vehicle sales help buoy Group 1’s Q3 results
Strong used-vehicle gains helped Group 1 Automotive boost profits even in a third quarter in which new-vehicle sales dropped nearly 10 percent in an unfavorable comparison to the year-ago gain realized from Hurricane Harvey.
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How Adient lost $11 million on a failed Detroit real estate deal
Seating supplier Adient plc lost more than $11 million in the sale of its planned downtown Detroit headquarters, according to a report from Crain’s Detroit Business.
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Visteon’s Q3 earnings take hit as production slows globally
Auto supplier Visteon reported lower production for its big customers in every major global automotive market, which dragged down the supplier’s sales and profits in the third quarter.