Source: Detroit News | Ian Thibodeau Dearborn — Ford Motor Co. said Wednesday its annual profits would be lower than analysts expected as the company’s second-quarter profits slid 86% due to the automaker’s ongoing
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Source: NBC News The last Chevrolet Cruze built at GM’s plant near Youngstown came off the assembly line Wednesday. Employees frustrated and uncertain as production ends at By Associated Press
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via: Lew Rockwell By Eric Peters Eric Peters Autos An interesting data nugget percolated the other day about a “sharp worsening” – that is to say, an increase – in the number of
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Source: Lew Rockwell By Eric Peters Eric Peters Autos Electric cars continue to cost lots of money – contrary to the now-forgotten original point of the exercise, which was
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Source: Detroit News| Henry Payne Dearborn — Developing an all-new Ford Explorer SUV not only meant engineers could design a roomier, techier three-row ute for families — it also meant they could
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via: Lew Rockwell By Eric Peters Eric Peters Autos Did you know that the percentage of new cars sales that are actually leases has risen from about 3-5 percent in the early-mid 2000s
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Source: The Guardian Analysts say carmaker will outline job cuts in new year as part of drive to combat Brexit and falling sales Angela Monaghan Jaguar Land Rover is
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Source: Lew Rockwell By Eric Peters Eric Peters Autos The French would be in the streets. Of course, they are in the streets – but that’s in France. What about here? General Motors just announced it
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Source: Yahoo Finance Tom Krisher, AP Auto Writer Associated Press DETROIT (AP) — General Motors will cut up to 14,000 workers in North America and put five plants up
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Source: Detroit Free Press | Jamie L. LaReau VIDEO: General Motors is offering voluntary buyouts to 18,000 workers. Wochit General Motors hoped at least 7,000 white-collar workers would sign up by noon
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via: BLACKLISTED NEWS SOURCE: BOING BOING The era of finance capitalism is marked by a curious shift in the desire of the business world: to get out of the business
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Source: Zero Hedge Automotive loan amounts and monthly payments continue to reach record highs, but US consumers seem unfazed. According to Experian’s latest State of the Automotive Finance Market report, Americans
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Source: Detroit News Ford Motor Co. blamed a May supplier fire that disrupted F-150 production for days, as well as poor performance in China for second-quarter for profits that were down nearly $1
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Source: Detroit Free Press | JC Reindl and Eric D. Lawrence The company that put Americans in cars affirmed Wednesday that those vehicles are going the way of the Model T and
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Source: Western Journal | By Michael Bastasch The Environmental Protection Agency will revise Obama-era greenhouse gas emissions regulations on cars and light duty trucks, deeming them too aggressive for automakers to meet
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Source: Detroit Free Press | Eric D. Lawrence Mike Manley, head of the Jeep and Ram brands for Fiat Chrysler Automobiles, says a new Wrangler and Ram 1500 and refreshed Cherokee will
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Source: Zero Hedge Last month we highlighted a report from Automotive News which suggested that Tesla’s Model 3 production misses might have been the result of a rather basic and embarrassing
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Source: BLACKLISTED NEWS | SOURCE: ZERO HEDGE Earlier in 2017, using the latest Fed data newspapers and financial media reported that US consumer credit card debt had risen above $1 trillion
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Source: Business Insider | By TONY YOO The Hong Kong government’s decision to scrap a tax break for electric vehicles has reportedly had a dramatic effect on sales of Tesla cars
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Source: The Detroit News Ford Motor Co. has begun issuing buyout offers to 15,000 salaried employees in an effort to cut 1,400 positions from its corporate staffing in the
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