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U.S. Auto Sales Hold Steady in July

U.S. Auto Sales Hold Steady in July

Sales of new vehicles held their own during July with help from cuts in interest rates and increased marketing efforts by carmakers, that are finding it more difficult to gain ground. Nevertheless, Toyota, Honda, Subaru and Hyundai all posted modest gains. Detroit’s...
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...
Automakers Renew Plea for Congress to Pass New NAFTA

Automakers Renew Plea for Congress to Pass New NAFTA

The top lobbyist for Detroit’s automakers has renewed efforts to win Congressional approval of the U.S. Mexico Canada Agreement, or USMCA, that the Trump administration wants to replace NAFTA. Matt Blunt, president of the American Automotive Policy Council, the...
Opinion: What’s Behind the Uber Marketing Massacre?

Opinion: What’s Behind the Uber Marketing Massacre?

It’s not been a good couple weeks for the ride-sharing industry, on the whole. Cruise Automation, the General Motors autonomous technology unit, has indefinitely delayed the launch of its self-driving service. And Lyft, the second-largest U.S. ride-share operation,...
First Look: 2020 Cadillac XT5

First Look: 2020 Cadillac XT5

Cadillac has spent several years fleshing out its SUV line-up, a move that reflects the dramatic shift from passenger cars to light trucks. Now, it’s time to update the best-selling model in its line-up, the XT5. Though officially a mid-cycle update, the 2020 Cadillac...