Month: July 2019

TOKYO — Panasonic Corp. reported its fiscal first-quarter operating profit nearly halved, as trade tensions dampened demand for its components business in China and the battery business with Tesla Inc. remained in the red. The China-U.S. trade dispute is making it more difficult for Panasonic to execute its strategy of shifting focus to corporate clients and automakers from
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We’ve loved the GT350 from the giddyup, and a GT350R did well in our 2016 contest. But for 2020 Ford added some updates, including stickier tires, stiffer springs, and smarter brakes. Unchanged are the flat-plane-crank V-8 and six-speed manual, making it the only stick-shift car in the bunch. How will that affect its ranking? Follow along
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DETROIT — UAW Local 909 leaders and workers told reporters Tuesday that General Motors’ Warren, Mich., transmission plant will close in three days, leaving about 100 workers without jobs. GM said all displaced workers at the plant will have opportunities to transfer to other GM operations. The company’s plant closings could be a major issue
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ZURICH — Swiss prosecutors said on Tuesday they are assisting Japanese authorities in their investigation into former Renault-Nissan-Mitsubishi boss Carlos Ghosn, who faces charges of fraud and misconduct. Ghosn, who has denied wrongdoing and is free on bail as he awaits trial, is pursuing claims against Nissan and Mitsubishi Motors. Both automakers ousted him from
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YOKOHAMA, Japan — Nissan Motor Co.’s U.S. sales meltdown has CEO Hiroto Saikawa looking for cuts in personnel and products around the world. Fixing Nissan’s problems in the U.S. remains paramount. Falling U.S. sales all but wiped out the automaker’s profits for the latest financial quarter. Saikawa said Nissan’s fiscal first-quarter earnings implosion was even
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AnkerDirect via Amazon offers its ROAV HydroClean Electric Pressure Washer for $119.99 shipped when the on-page coupon is clipped and promo code ROAVPW88 is applied during checkout. Regularly $200, this model recently dropped to $150 with today’s deal representing a new all-time low. Anker has been expanding its home good offerings over the last year and that
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Uber Technologies Inc. said it’s cutting a third of its marketing department globally, as the chief executive officer seeks to address concerns that the business is slowing down. The ride-hailing company will dismiss about 400 employees. Dara Khosrowshahi, the CEO, told employees of the changes in an email Monday. “Today, there’s a general sense that
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Sonic Automotive Inc. has named two new members to its board of directors, including the company president, as the nation’s fifth-largest dealership group increases its board size from eight directors to 10. Sonic President Jeff Dyke and Marcus Smith, CEO of Speedway Motorsports Inc., were named to Sonic’s board last week. Their terms will expire
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Keeping soldiers safe continues to be the main reason the military enlists unmanned vehicles into its ranks, especially for resupply missions. The U.S. Army has been tinkering with ground robotics and automated technologies for decades, yet there are still no real systems in the military field that are fully autonomous. Nevertheless, the Army wants to
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LOS ANGELES — Once upon a time, automotive marketing executives spent lots of money on advertising but had little idea whether they were converting those eyeballs into buyers. The salespeople were generating the revenue. But the Internet broke that, says Dean Evans, chief marketing officer for Hyundai Motor America. And now he’s the revenue chief.
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The 2019 J.D. Power Automotive Performance, Execution and Layout (APEAL) Study has a top dog: Porsche. J.D. Power released the latest findings for its annual APEAL study last Friday and they showed that, overall, the industry has improved. Scores from all 10 categories improved with infotainment and visibility and safety the most improved. Overall, in-car
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Brett Hedrick, left, and Bill Hedrick, center, co-owners of Hedrick’s Chevrolet in Clovis, Calif., and Blake Hedrick, used-car manager, celebrate the 75th anniversary of the dealership’s Chevrolet franchise. David C. Wintrode, center, and David G. Wintrode, right, owners of Causeway Ford-Lincoln in Manahawkin, N.J., receive a 50-year award for Ford from Dave Perczak, New York
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Lithium miners are bulking up for a booming future when electric vehicles go mainstream. But speed bumps loom, with prices tumbling on a burst of new production and demand growth slowing in China. Between mid-2015 and mid-2018, prices for lithium, the soft, silvery-white metal crucial for rechargeable batteries, almost tripled as the world’s fleet of electric
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Ever since the Hyundai Santa Cruz concept pickup debuted, we’ve wondered whether Kia will also enter the segment. With development of the Hyundai well underway, it was only a matter of time until the Korean automaker spilled the beans. Now, it finally has. Kia Australia’s Chief Operating Officer Damien Meredith has confirmed to CarsGuide that
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LEESBURG, Va. — After years of preaching patience while it transformed a sedan-heavy lineup, Cadillac now boasts fresh offerings for America’s crossover-crazed consumers. But Cadillac dealers, having endured three years of declining sales and the ousting of President Johan de Nysschen in 2018 just as his product blitz was beginning, may have still longer to
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