Author: Automotive News Feed
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First Shift: General Motors posts $2.5B profit
GM posts $2.5B profit; Mazda reports loss; Waymo can go driverless; Ford, Baidu to test AVs; Faraday co-founder quits; Tesla sued; Green-paint prediction; A real pizza pickup.
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GM posts $2.5 billion 3Q profit on strong results in key markets
Stronger-than-expected results in China and North America propelled General Motors to a 25 percent increase in pretax profit in the third quarter and net income of $2.5 billion.
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Ford, Baidu to start self-driving road tests in China
Ford and Baidu launched a two-year project to test self-driving vehicles on Chinese roads, amid a global race by automakers and technology companies to develop autonomous vehicles and the software that runs them.
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VW distances itself from IPO speculation
VW has backed away from recent speculation sparked by its Porsche brand that the group might spin-off its passenger-car operations and partially float them on the stock exchange.
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Mazda slumps to quarterly loss amid falling sales, rising costs
Mazda slumped into the red in the most recent quarter, broadsided by falling global sales, suspended production in Japan, unfavorable foreign exchange rates and increased investment in its U.S. retail network reforms.
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Mazda slumps to operating loss amid falling sales, rising costs
Mazda slumped into the red in the most recent quarter, broadsided by falling global sales, suspended production in Japan, unfavorable foreign exchange rates and increased investment in its U.S. retail network reforms.
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Mazda slumps to quarterly loss amid falling sales, rising costs
Mazda slumped into the red in the most recent quarter, broadsided by falling global sales, suspended production in Japan, unfavorable foreign exchange rates and increased investment in its U.S. retail network reforms.
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VW may share EV platform with Ford
Volkswagen could be open to sharing its new electric vehicle platform with Ford as the automaker seeks to establish partnerships to share development costs.