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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...
First Drive: 2020 Cadillac XT6

First Drive: 2020 Cadillac XT6

There’s a bit of an irony to the debut of Cadillac’s newest SUV, the XT6. General Motors’ luxury brand was one of the first entrants into the luxury SUV space, with the original Escalade making its debut during the 1998 model-year, just ahead of BMW’s X5. But Caddy...
BMW Sees Second Quarter Profits Fall by Double Digits

BMW Sees Second Quarter Profits Fall by Double Digits

BMW saw its earnings drop by double digits as investments in manufacturing electric and hybrid cars to help meet stricter emissions limits and adverse exchange rates affected the automaker’s profitability during the quarter. The German automakers earnings before...
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...
Fiat Chrysler Rides Ram to Second Quarter Profits

Fiat Chrysler Rides Ram to Second Quarter Profits

Fiat Chrysler rode strong full-size pickup sales to a strong second quarter result with net profit from continuing operations at €0.8 billion, or $891.4 million on revenue of €26.7 billion, or $29.8 billion. The company’s net income was up 14% while the revenue...