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Genesis has priced its first crossover — the midsize GV80 that goes on sale this summer — at $49,925, including shipping, for the base model with rear-wheel drive and a turbocharged four-cylinder engine. “To our competitors, consider the GV80’s pricing a shot across the bow,” Mark Del Rosso, CEO of Genesis Motor North America, said
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DETROIT — The UAW has listed a $1.3 million lakefront home originally built for Dennis Williams, the former UAW president implicated in the union’s ongoing corruption scandal, according to The Detroit News. Amid the federal investigation, President Rory Gamble put the home up for sale as part of a series of reforms announced in recent
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Last year, Dodge introduced its “Power Dollars” program as a way to get enthusiasts to spend some money on one of its more muscular Challenger or Charger models. The deal was that if you bought a high-horsepower Challenger—a Hellcat for example—you’d get $10 off for every pony its V-8 produced. According to Dodge, the company
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DETROIT — Ford Motor Co. told employees Tuesday it’s banning all nonessential domestic and international air travel at least until March 27 as cases of the coronavirus spread around the world. Ford also confirmed two employees in China have been diagnosed with the coronavirus and are getting better, Reuters reported. The automaker has been prohibiting travel to
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TOKYO – Didier Leroy, the French chief competitive officer at Toyota, is stepping back from his role as the top non-Japanese executive at the automaker. Under a management shuffle announced on Tuesday, Leroy will resign his post as executive vice president effective April 1 but continue to serve on Toyota’s board of directors. Leroy will
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SHANGHAI — Here in China’s biggest city, spring has arrived and the weather is getting warm. But the chill of the coronavirus epidemic is still wreaking havoc with the city’s car dealerships. While automakers around the world worry about factory production and the supply line of Chinese parts, China’s retail market — the world’s biggest
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STUTTGART — When Ola Källenius succeeded Dieter Zetsche as Daimler CEO in May, the group was projecting a slight increase in operating profit and forecast an 8 to 10 percent return at its core Mercedes-Benz passenger-cars division by 2021. It hasn’t turned out that way. After one month on the job, Källenius, now 50, issued
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WHISTLER, British Columbia — As SUVs and crossovers have come to dominate U.S. auto sales and vehicles have grown bigger and boxier, Volkswagen believes a certain subsegment of consumers — roughly 45 percent — begin to draw a mental line in the purchasing sand. They want big, but not too big. They want boxy, but
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Auto parts maker Tenneco Inc. shuffled its board Friday in a move that could provoke a fight with former Icahn Enterprises executive Dan Ninivaggi, who in January demanded the board make more-sweeping changes or risk a proxy battle. Dennis Letham, a 12-year veteran board member, will become lead director effective April 1 in a move
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Despite years of near-record sales of new cars and trucks in the U.S., dealers are increasingly being forced to diversify into new business enterprises to stay profitable. The culprit: new-car margins that don’t pay the bills anymore amid intense competition. Automakers have stepped up their certified pre-owned programs. Service departments are looking at tire sales
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Fiat Chrysler Automobiles said its Windsor Assembly Plant in Ontario is returning to a two-shift operation in June, a move that will result in approximately 1,500 layoffs at the longtime minivan factory. The company informed Unifor, which represents hourly workers at the plant, of the decision Thursday. The plant, which had been operating on three
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When the hybrid version of the 2020 Honda CR-V hits dealer lots beginning March 1, it will be priced competitively against one of its top compact crossover rivals, the Toyota RAV4. The CR-V hybrid will start at $28,870, including shipping, a $2,700 premium over the base gasoline model — and $600 less than the starting
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