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  • Newswire

    GM Korea, Union Negotiate Tentative Pay Deal  

    The tentative agreement heads off a strike at GM Korea, which accounts for one-fifth of the automaker's global production and where labor costs have risen nearly 50% since 2010....More
  • Newswire

    Valeo Boosts 2015 Profit Forecast  

    The French automotive supplier revises its full-year profit forecast after first-half net income soared 34% and sales climbed 15% to beat analysts' estimates....More
  • Newswire

    Audi Looks to Rebound in China With Redone A4  

    The luxury automaker will unveil a lighter, more fuel-efficient version of the A4 at September's Frankfurt Auto Show ahead of its release in Europe and eventually China, where growth has slowed this year....More
  • Newswire

    Mitsubishi Motors Will Seek Buyer for Sole U.S. Auto Plant  

    In a statement, Mitsubishi said its board will seek a buyer to keep the factory running and preserve jobs. The plant's roughly 900 hourly workers are represented by the United Auto Workers union....More
  • Newswire

    Johnson Controls Reports Q3 Profit Up  

    The largest automotive supplier in the U.S. says third-quarter net income more than doubled from the prior year, from $230 million to $503 million....More
  • Newswire

    Report Says VW Preparing to Slash China Spending  

    A German magazine says the automaker, whose profits at its Chinese joint ventures are running 25% below year-ago, is preparing a cost-saving program in response to slumping demand....More
  • Newswire

    Supplier Faurecia Raises 2015 Profit Margin  

    The French automotive supplier, citing sales growth in Europe and North America and a weak euro, says first-half net income nearly doubled from like-2014....More
  • Newswire

    CORRECTED-UPDATE 1-GM earnings more than doubles on U.S. truck demand; shares jump  

    (In paragraph nine, removes full dollar amount for net income before one-time charges. The per-share amount is correct, at $1.29.) By Joseph White and Bernie Woodall DETROIT, July 23 (Reuters) - General Motors Co shares surged in premarket trading Thursday after the automaker reported adjusted net income that more than doubled in the second quarter, driven by North American truck sales and continued strength in China....More
  • Newswire

    UPDATE 2-Luxury sportscar maker Ferrari files for New York listing  

    * To sell 10 pct of Ferrari to fund FCA's ambitious growth plan * Marchionne says Ferrari should be worth "at least" $11 bln * To be floated in New York, may seek secondary listing in Milan * To include loyalty scheme that will benefit Agnelli family (Recasts, adds details) By Agnieszka Flak...More
  • Newswire

    China Auto Exec Says Green-Car Push in Works  

    Beijing Automotive Group Chairman Xu Heyi says the government will give credits to automakers manufacturing and selling electric and hybrid vehicles, and to consumers who buy them....More
  • Newswire

    Audi's China Head Ousted as Sales Drop Continues  

    The Volkswagen-owned luxury automaker will replace Dietmar Voggenreiter as head of its Chinese operations at year-end, but says his dismissal and Audi's recent sales slowdown aren't related....More

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