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Rumors of New Renault-FCA Talks Boost Stock

Rumors of New Renault-FCA Talks Boost Stock

Shares of Fiat Chrysler Automobiles jumped 3.44% in the U.S. and Renault increased 4.18% in Paris after an Italian newspaper reported that the two automakers are holding talks again about a possible merger. Even though talks between the two automakers broke down...
Q&A: Lincoln’s New Chief Michael Sprague

Q&A: Lincoln’s New Chief Michael Sprague

It was something of a homecoming when Michael Sprague was named director of global brand and integrated marketing at Ford Motor Co. last October. He spent much of his early career under the Blue Oval before signing on at Kia Motor America. After a decade with the...
Ford Agrees to $17M Settlement with MyFordTouch Owners

Ford Agrees to $17M Settlement with MyFordTouch Owners

Ford Motor Co. agreed to pay $17 million to owners of vehicles with MyFordTouch and MyLincolnTouch to settle a class-action suit. The suit was filed on behalf of owners angry about the lack of functionality of the system. More than 360,000 owners or vehicle leasees of...
Cost of Dieselgate Continues to Rise for Daimler AG

Cost of Dieselgate Continues to Rise for Daimler AG

The cost of backing away from passenger cars equipped with diesel engines continues to grow for Daimler AG. Daimler said this week Mercedes-Benz customers in Germany could apply for a 3,000 euro or $3,350 subsidy to upgrade the exhaust filters of older, polluting...
GM Blows Through Forecasts With Q2 Earnings

GM Blows Through Forecasts With Q2 Earnings

General Motors took Wall Street by surprise on Thursday, blasting through the consensus Q2 earnings forecast with second-quarter net income of $2.41 billion, or $1.66 a share, while earnings adjusted to exclude one-time items came to $1.64 a share. That was a modest...
Toyota Teaming Up With Mazda on I-6 SkyActiv Engine

Toyota Teaming Up With Mazda on I-6 SkyActiv Engine

Back in May, TheDetroitBureau.com reported on Mazda’s plan to develop an additional version of its breakthrough SkyActiv-X engine, this one an inline-six design that would show up early in the coming decade in the next-generation Mazda6 sedan and, quite likely, in...
General Motors Shuttering Another Plant

General Motors Shuttering Another Plant

General Motors’ Warren (Michigan) Transmission plant will close this week, the automaker confirmed, after the few remaining employees in the plant fill out orders for replacements parts. The plant will move into an unallocated category now occupied by GM’s plants in...
Nissan Job Cuts Go Deeper Than Expected

Nissan Job Cuts Go Deeper Than Expected

Nissan will slash 12,500 jobs worldwide, significantly more than earlier reports from Japan had indicated. The company also plans to reduce its production capacity by 10% over the next three years, while eliminating 10% of its current model mix. “Our situation right...