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Auto supplier Dana Inc. said its first-quarter sales grew because of a recovery in demand for light and heavy vehicles, but profit conversion was diminished by material cost increases and other supply chain constraints. Dana reported net income of $71 million in the quarter, up 22 percent from the year-earlier period. The axle and transmission
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Toyota Motor Corporation is acquiring Lyft’s self-driving vehicle division in a $550 million deal through its subsidiary Woven Planet, a company dedicated to developing autonomous driving and advanced mobility technologies. The acquisition of Lyft’s Level 5 automation will also include multiyear non-exclusive commercial agreements between the ride-hail company and Woven Planet. In addition to enhancing
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WASHINGTON — A group representing auto suppliers told U.S. lawmakers on Tuesday it opposes setting a firm date to end the sale of new gasoline-powered passenger cars and expects those vehicles will be sold for at least another 20 years. The Motor & Equipment Manufacturers Association, which represents more than 1,000 vehicle suppliers, told a
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Yakima may not have invented the roof-mounted cargo box, but it continues to tinker with the basic concept. The CBX Solar, the 16.0-cubic-foot CBX Solar counterpart to the lesser Yakima CBX 16 cargo box, advances its cargo-carrying capabilities by adding an integrated solar panel to the top side of the unit. The CBX Solar is capable of
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The fourth-generation Kia Sportage has been around for six years, and the compact SUV is beginning to look rather tired. Compared to the slightly smaller Kia Seltos, larger (and increasingly popular) Telluride, and the all-new midsize Sorento, the compact Sportage is due for an overhaul. That redesign will, apparently, wait another year, as not much has changed for
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DETROIT — General Motors plans to restart production at Lansing Grand River Assembly next week, the automaker said Monday. Production at the plant has been canceled since March 15 as a result of the global microchip shortage. Production at the Michigan plant, which builds the Cadillac CT4 and CT5 sedans and the Chevrolet Camaro sports
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TOKYO — Honda Motor Co., long one of the industry’s most stubbornly independent, house-proud automakers, is looking for outside help like never before as it grapples with an era of new mobility and consolidation, when size is supreme and partnerships paramount. Now, Japan’s No. 3 automaker hopes to find that spirit of cooperation from its
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Billionaire Elon Musk will host “Saturday Night Live” for the first time on May 8, NBC said Saturday. Musical guest Miley Cyrus will mark her sixth appearance as the musical guest. Cyrus retweeted the scheduling announcement of Saturday Night Live, which also streams on Peacock. The news comes as Musk, the CEO of Tesla Inc.
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Later, federal investigators will determine the details of the latest fatal Tesla crash with autopsy-like precision. They’ll answer the specific questions. Such as whether Autopilot was engaged. Or whether it had been in the seconds before the Model S veered off the road, slammed into a tree and killed two people. Or whether the driver-assist
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Honda is the latest automaker to announce it will eliminate all production of internal combustion engines with a plan to go all-electric by 2040. Not electrified (i.e. hybrid), but 100 percent battery- or fuel-cell-electric in a little less than 20 years from now. Don’t worry, we still have a little while to enjoy Honda’s fantastic
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BERLIN — German prosecutors have charged 15 executives from Volkswagen Group and a supplier in connection with the diesel emissions scandal that emerged in 2015, a spokesman for the prosecutor’s office said Saturday. The suspects are accused of aiding and abetting fraud in combination with tax evasion, indirect false certification and criminal advertising, said Klaus
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ZF Friedrichshafen has designed a new-generation active kinematics control active rear-axle steering, referred to as AKC, that the German supplier believes represents improvements on several fronts. The driving system offers customers, even in the heavy-duty market, better maneuverability, autonomous driving applications and benefits in trailering and parking, ZF said. The technology will appear on the
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General Motors is revamping its model for working with diverse-owned and diverse-targeted media, including hosting its own advance “upfront” briefings dedicated to these outlets, creating a new $50 million incubation fund and rethinking measurement criteria. The new plan follows GM’s conversations with Black-owned media outlets led by the likes of Byron Allen among others, who called for
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