General Motors Jumps to New 22-Month High

General Motors Jumps to New 22-Month High

General Motors Company shares jumped more than 5% intraday, touching their highest level since March 2015, after the company said Tuesday it expects FY17 adjusted earnings per diluted share of $6.00 to $6.50, increasing from its FY16 outlook of $5.50 to $6.00 per share, and above the $5.7 per share consensus of analysts polled by Capital IQ. Based on this outlook, the board approved an additional $5 billion of buybacks […]

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Honda Motor Reports 3.2% Increase in U.S. Sales for 2016

Honda Motor Reports 3.2% Increase in U.S. Sales for 2016

American depository shares of Honda Motor Company rose 3% in Wednesday’s afternoon trade after it reported an all-time annual sales record of 1,637,942 Honda and Acura vehicles for 2016, an increase of 3.2% to exceed the company’s previous best set in 2015. For the month of December, total sales rose 6.4% to 160,477 from 150,893 vehicles in the same month last year. The company also said that it set new […]

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Ford Motor’s Ford Fusion, Mercury Milan Vehicles Subject to Investigation By Safety Regulator

Ford Motor’s Ford Fusion, Mercury Milan Vehicles Subject to Investigation By Safety Regulator

Ford Motor Company’s Ford Fusion and Mercury Milan vehicles, model years 2007 through 2009, are being investigated by the The National Highway Traffic Safety Administration after 141 reports of sudden, unexpected increases in stopping distance. The regulator said on its web site that the Office of Defects Investigation has associated three crashes with the condition and that a preliminary evaluation has been opened to assess the scope, frequency and safety-related […]

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Delphi Automotive and MobilEye to Put Automated Driving System to Ultimate Test in Las Vegas Next Year

Delphi Automotive and MobilEye to Put Automated Driving System to Ultimate Test in Las Vegas Next Year

Delphi Automotive and Mobileye will conduct the most complex automated drive ever publicly demonstrated on an urban and highway combined route in Las Vegas in 2017. The 6.3-mile drive will showcase Delphi and Mobileye’s Centralized Sensing Localization and Planning (CSLP) automated driving system, which will be ready for production by 2019, according to a company statement. “CSLP is the first turnkey, fully integrated automated driving solution with an industry-leading perception […]

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New Passenger Car Registrations Rise for Ford, Fiat in November

New Passenger Car Registrations Rise for Ford, Fiat in November

The European Automobile Manufacturers Association Thursday reported that for November, the European Union passenger car market managed to rebound following the slowdown observed in October, with increases seen for brands Ford (F), Toyota (TM), and FCA Group (FCAU) and declines at General Motors’ (GM) Opel and Honda (HMC). According to the report, new registrations grew 5.8% to 1,148,618 units, boosted by all major markets, with Spain, France, and Italy posting […]

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Toyota Motor’s Global Sales Anticipated to Surpass 10 Million This Year

Toyota Motor’s Global Sales Anticipated to Surpass 10 Million This Year

Toyota Motor’s global sales in 2016 are expected to top 10 million for a fourth consecutive year, according to a report from the Nikkei Asian Review. ADRs added less than 1% intraday. The company is expected to raise its 2017 projection above the unofficial figure of roughly 9.4 million it gave to suppliers in the summer, the news report said without saying where it got the information. A new all-time […]

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Honda to Build New $436 Milllion Car Manufacturing Plant in China

Honda to Build New $436 Milllion Car Manufacturing Plant in China

Honda Motor Company said on Thursday that its Dongfeng Honda Automobile joint venture in China will build a third production facility at a cost of 3 billion yuan ($436 million) to meet rising demand in the world’s second biggest economy. The plant, which is designed to accommodate production of electric cars as well, is scheduled to begin making automobiles in the first half of 2019, the company said on its […]

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Ford Reports 17% Increase in China Sales

Ford Reports 17% Increase in China Sales

Ford Motor Company reported Wednesday total sales in China rose 17% to 124,113 units in November from a year ago. Monthly sales for Ford’s passenger car joint venture, Changan Ford Automobile, rose 14% to more than 96,000 vehicles, while monthly sales for Ford’s commercial vehicle business increased 29% to 26,000 vehicles.

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Ford Motor Company Recalls 650,000 Ford Fusion Lincoln MKZ Models

Ford Motor Company Recalls 650,000 Ford Fusion Lincoln MKZ Models

Ford Motor Company said Friday it has issued two safety recalls involving about 650,000 Ford Fusion and Lincoln MKZ vehicles in North America after two accidents resulted in injury because the safety belt didn’t function properly. The recalls involve certain 2013 to 2016 Ford Fusion models and 2013-2015 Lincoln models. The company plans to insulate front driver and passenger seat anchor pretensioners to prevent cable separation in a crash. “In […]

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TrueCar Predicts November Auto Sales Increase Caused by Black Friday, Two More Selling Days

TrueCar Predicts November Auto Sales Increase Caused by Black Friday, Two More Selling Days

TrueCar said Tuesday it expects total vehicle sales to be up 3.6% from a year ago in November — to 1,366,900 units. The company said that while there’s also a chance it could be down if you adjust for two more selling days this year versus November 2015, Black Friday deals are largely picking up the slack left from declined fleet sales. November’s seasonally adjusted annualized rate is projected at […]

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