Mitsubishi Motors Chairman Osamu Masuko, one of Japan’s longest-serving auto chiefs, retires citing health reasons, after leading the automaker through more than a decade of turbulent times.
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Subscription revenue to CarGurus' vehicle listings marketplace fell 38 percent in the second quarter. Dealership cancellations stabilized in May, the company said.
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Cadillac's first fully electric vehicle, due in 2022, will offer more than 300 miles of range and advanced driver-assist technology.
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The sale comes as the vehicle-listings provider looks to strengthen its balance sheet in part because of the coronavirus pandemic.
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Both suppliers reported billions of dollars in lost revenue during the most recent quarter, but like other suppliers, mitigated the damage with major across-the-board expense cuts.
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The idea -- to spin off GM’s EV operations as a standalone entity -- was raised with CEO Mary Barra during the automaker’s earnings call last week. People familiar with the matter told Bloomberg the idea was floated internally in 2018.
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FCA said the excess emissions were discovered during internal, routine testing and that it has notified the EPA of the potential issue.
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Carvana said its sales began a swift rebound in late April. "Suddenly, buying cars online is becoming normalized," CEO Ernie Garcia said. Carvana shares surged 28 percent.
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Kimberly Rodriguez, a longtime turnaround consultant in the auto industry and current CEO of Andra Rush's trucking empire Rush Trucking, will become Dura's new CEO, effective Sept. 1.
Continue Reading the above article 'Dura Automotive sold; Kimberly Rodriguez named CEO...
Since 2017, the Russian tech company has conducted public-street testing in Moscow, Innopolis and Skolkovo in Russia. In the U.S., it has showcased its self-driving tech in Las Vegas and Detroit with safety drivers sitting in the passenger's seat.
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