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TOKYO — Toyota is putting a small electric vehicle on the roads of Japan with an innovative design for handling the country’s narrow, winding streets and urban commuting needs. The C+Pod, launched Dec. 25, measures just 8 feet, 2 inches long and 4 feet, 3 inches wide, delivering an ultratight turning radius of 12 feet,
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MEXICO CITY — Mexico’s government said Friday it has approved a request by 12 automotive companies for additional time to meet new regional content requirements under the North American trade agreement that came into force in July. The economy ministry said in a statement that under the United States-Mexico-Canada-Agreement, companies could request a so-called alternative
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DETROIT — Ally Financial Inc. reported Friday an 82 percent jump in fourth-quarter net income driven by fewer reserves for credit losses and $1 billion growth in auto originations. Ally, one of the largest U.S. auto lenders, reported net income of $687 million. Fourth-quarter adjusted earnings per share of $1.60 were the highest in company
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Vehicle listings company CarGurus promoted CFO Jason Trevisan to CEO as founder and former CEO Langley Steinert steps back from the top role to focus on product and strategy. Steinert, 57, will stay on at the company as CarGurus’ executive chairman, the Cambridge, Mass., company said Thursday, but will no longer lead its day-to-day operations.
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Subaru of America has launched a fresh round of advertising centered around a new donation to nonprofit Feeding America amid the COVID-19 pandemic. The Camden, N.J.-based unit of Japan’s Subaru, along with its two independent distributors — Subaru of New England and Subaru Distributors Corp. — said they will be donating a total of 100
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Leon Edwards, a former president of the National Automobile Dealers Association who led the group when it agreed to a decade of antitrust oversight by the U.S. Justice Department, died Saturday. He was 89. Edwards, a Chevrolet dealer from Birmingham, Ala., was NADA president in 1995. During his tenure, NADA agreed to the antitrust settlement
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Aurora has made no secret its first foray into autonomous driving will come aboard big rigs. The self-driving tech company underpinned that strategy in a big way Tuesday, unveiling a partnership with truck manufacturer PACCAR. The two companies plan to collaborate on integrating Aurora’s virtual driver onto Kenworth and Peterbilt trucks. While there’s not yet
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Silicon Valley startup Aeva Inc. and Japanese automotive supplier Denso Corp. on Tuesday said the two will collaborate on bringing a key sensor for self-driving cars to the “mass market.” Aeva, founded by two former Apple Inc. engineers, makes a lidar sensor that helps cars gain a three-dimensional view of the road and can also
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Unifor said it had to make “hard decisions” to secure the future of General Motors’ CAMI Assembly plant, which would begin building all-electric delivery vans later this year under the terms of a surprise, three-year tentative contract. “The stakes going in to these negotiations were incredibly high,” reads a joint message to union members by
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Stellantis is here, and that means some of the seven brands that Fiat Chrysler Automobiles is bringing to the table might not be around for much longer. The high points of the post-merger blueprint in North America are no secret: Churn out as many Ram pickups as possible and push Jeep into higher price points
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DETROIT — An unidentified quality issue is affecting the launch of one of Ford Motor Co.’s most anticipated new vehicles. The company said it is holding onto “several hundred” Mustang Mach-E crossovers to perform extra inspections and engineering analysis that could delay delivery to customers in the U.S. and Canada by up to 8 weeks.
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Toyota Motor Corp. led the automotive industry with 2,079 patents granted in 2020 from the U.S. Patent and Trademark Office. That’s according to a report from Fairview Research’s IFI Claims Patent Services, which created a custom ranking exclusive to the automotive industry for Automotive News. Toyota moved up from second to first last year with
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Automakers around the world are shutting assembly lines because of a global shortage of semiconductors that in some cases has been exacerbated by the Trump administration’s actions against key Chinese chip factories, industry officials said. The shortage, which caught much of the industry off-guard and could continue for many months, is now causing Ford Motor
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TOKYO — Kia is dumping “Motors” from its corporate name as part of a global brand relaunch meant to position the South Korea automaker as a mover in electric vehicles and new mobility. In changing its name to Kia Corp., from Kia Motors Corp., the company is reaching for a new identity that better reflects
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Subaru Corp. will cut output by “several thousand” vehicles this month in Japan and the United States, it said Thursday, citing a global shortage of semiconductors. Subaru will adjust production and reduce output at factories in Gunma, Japan, a company spokesman said without specifying exactly how many fewer cars will be made. The company later
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Industry groups including the National Automobile Dealers Association and American Bankers Association say they are evaluating their political contributions after last week’s invasion of the U.S. Capitol, described by NADA as “shocking, tragic and condemnable.” The assessments come after a growing list of major corporations such as Ford Motor Co. said they would temporarily suspend
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DETROIT — In April 2018, Richard Bazzy, who owns Ford and Lincoln stores in the Pittsburgh area, placed a frantic call to Mark LaNeve, Ford Motor Co.’s head of U.S. marketing, sales and service. The automaker had just announced it would cut all of its sedans, including the Fusion, which was Ford’s fourth most popular
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For the past several years, the first week of January has been especially important for automakers, suppliers and new industry entrants. It’s typically when the Las Vegas Convention Center and the surrounding area are reconfigured to accommodate the test drives, demonstrations and displays that are synonymous with the annual CES. Hotels up and down the
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Volkswagen of America is launching its first set of TV commercials for its upcoming ID4 battery-electric compact crossover that aims to drive home the company’s message of delivering electric mobility to the millions, instead of just the millionaires. The spot, which uses a line of zoetropes — a 19th century invention that uses a spinning
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