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Latest Articles in automakers

China's Feb Auto Sales Plunge 79%, Biggest Monthly Drop Ever

The world's biggest auto market tumbled to 310,000 vehicles from the same month a year earlier, falling for a 20th straight month, the China Association of Automobile Manufacturers (CAAM).

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As One Of China's 'Detroits' Reopens, World's Automakers Worry About Disruptions

Chinese automakers and parts producers exported $53 billion worth of automotive components to the United States, Europe, Japan, South Korea and elsewhere last year.

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Indian Automakers Say China Coronavirus Outbreak Hitting Parts Supply

Tata Motors said in a press release that it, too, had been hit by supply disruptions due to the coronavirus outbreak in China, and was working to mitigate the situation.

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VW Proposes 35% Dividend Increase As 2019 Profit Surges 22%

Volkswagen is in the midst of ramping up sales of sports utility vehicles, which command better profits than ordinary cars, to 40% of passenger car sales from below 25% in 2018.

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GM To Add 1,200 Jobs At Michigan Plants To Meet SUV Demand

Passenger cars have fallen out of favor with buyers and automakers have focused on selling larger SUVs that are more profitable.

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Ford's Incoming COO Focuses On Cost Cuts, Launches, Change

Ford lost $771 million last year, about half the 2018 loss, and its market share there has shrunk.

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Tesla And U.S. Regulators Strongly Criticized Over Role Of Autopilot In Crash

Tesla drivers are able to avoid holding the steering wheel for extended periods while using Autopilot, but Tesla advises keeping hands on the wheel and paying attention.

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China's Passenger Car Sales Tumble 92% In First Half Of February Due To Virus Outbreak

China's auto market is likely to see sales slide more than 10% in the first half of the year due to the coronavirus epidemic, and around 5% for the whole year, provided the epidemic is effectively contained.

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Nissan's New CEO Says Willing To Be Fired If No Turnaround

Nissan cut its dividend outlook to its lowest since the 2011 financial year, after dwindling car sales drove the company to post its first quarterly net loss in nearly a decade.

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General Motors To Wind Down Australia, New Zealand Operations, Sell Thai Plant To Great Wall

China's Great Wall Motor Co Ltd had agreed to buy GM's Thailand car manufacturing plant and an engine factory, a transaction expected to be completed by the end of 2020.

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Nissan Slashes Full-Year Profit Forecast, Hit By Sales Slump

Japan's No. 2 automaker now expects operating income of 85 billion yen ($775 million) for the year to March, down dramatically from a previous outlook for 150 billion yen.

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Tesla Would Have Redesigned Cybertruck If People Didn't Like It: Musk

The Tesla designers drew their inspiration from futuristic sci-fi and cyberpunk themed movies such as "Blade Runner", "Mad Max", "Back to the Future" and "Alien".

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Toyota Keeps China Plant Output Stopped Through Feb. 16 As Virus Hits Supply, Logistics

The decision extends Toyota's initial plans to suspend operations through Sunday, and comes as the threat from the coronavirus crisis closes in on the global auto industry.

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FADA's 11th Auto Summit To Focus On Disruptive Technologies

FADA represents over 15,000 automobile dealers having 25,000 dealerships outlets including 30 associations of automobile dealers at the regional, state and city levels accounting for 90 per cent of market share in India.

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India Considering Tax Cut On Hybrid Vehicles

The government's plan comes as the auto sector battles with a steep drop in sales due to feeble consumer demand.

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