Nissan is working on new powertrains for several vehicles, including the Murano, Maxima and GT-R. But it may drop the Versa, Rogue Sport and its commercial vans.
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Friday, July 31, 2020
Nissan focuses on powertrains, adds EV
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Q&A HIGHLIGHTS: Tesla CEO outlines manufacturing domination through efficiency
Tesla's CEO believes plants could one day be 1,000 times more efficient, thinks "zero" about J.D. Power surveys and admits the company had problems getting the paint on its cars right.
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Requiring customers to wear masks ‘easier said than done'
With upset consumers on either side of the mask debate, dealers are grappling with whether to put their own mandates in place and how to handle any resulting customer protest.
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GM suspends Facebook ads
GM is unhappy with Facebook’s efforts to keep hateful and disparaging content away from the automaker’s brands and has joined Ford and other companies that have stopped advertising with the social-media company, adding it is in talks with the popular platform about improving efforts to eliminate harmful content.
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Mexico's Alfa to spin off rest of stake in supplier Nemak
Alfa said it plans an "orderly transition process to make Nemak an independent business."
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Manley: 'We haven't revealed everything' on EV pickups
FCA CEO Mike Manley shed some light on his thinking about EV pickups and made clear that FCA hasn't revealed its full hand when it comes to electrification.
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Fisker reports delay in closing EV platform deal with VW
Fisker said earlier in July that it was in talks with VW to use the German automaker's MEB EV platform to speed vehicle development and cut costs, but it disclosed a delay in documents filed on Friday.
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Manley says ‘we haven't revealed everything' on EV pickups
FCA CEO Mike Manley shed some light on his thinking about EV pickups and made clear that FCA hasn't revealed its full hand when it comes to electrification.
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GM, EVgo partner to expand U.S. charging network
The broader network will increase charging access for drivers who live in multi-unit homes, rent their homes and can't install chargers, or lack access to workplace charging.
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American Axle posts $213M net loss in Q2; Denso losses approach $1B
The two global auto suppliers joined several other industry peers that reported major quarterly losses stemming from the coronavirus pandemic.
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Ford will defer some quarterly payments on Energy Dept. loan
In 2009 the automaker was awarded a $5.9 billion, low-cost government retooling loan in the aftermath of the financial crisis. Ford said the loan, which has $1.26 billion of principal remaining, will be repaid on time by June 2022.
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Jaguar Land Rover parent Tata posts bigger quarterly loss on pandemic hit
Sales at JLR, which accounts for most of the company's revenue, fell more than 42 percent during the quarter and Tata said outlook for the unit remains uncertain.
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FCA loses $1.24 billion in Q2; North America ekes out a profit
North American vehicle shipments sank 62 percent. But the company said that was "partially offset by favorable channel and model mix," so the region avoided a loss even as net revenues fell 53 percent to $9.71 billion.
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Mazda braces for full-year operating loss as sales slump
The automaker posted an operating loss of $433 million in the April-June quarter and said it would forgo paying a dividend this year.
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Thursday, July 30, 2020
VW asks appeals court to reconsider ruling on diesel emissions updates
The automaker said the ruling, if upheld, could force car companies "to avoid maintaining or improving the emission control systems of in-use vehicles."
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Ford posts surprise $1.1B profit on Argo AI investment gain
The automaker lost $1.9 billion before interest and taxes and one-time items in the quarter as revenue fell 50 percent to $19.4 billion. North America, the region that usually carries the bulk of its profits, reported a $974 million loss before interest and taxes.
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Honda orders office workers to Ohio assembly line
Honda told employees in Ohio that the decision was due to "difficulty in attracting and hiring the needed amount of associates" during the coronavirus pandemic.
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Early cuts, U.S. rebound lead Group 1 to profit in pandemic-hit Q2
The company has returned to 70 percent of pre-pandemic employment levels. U.S. operations steadily improved in May and June, led by used-vehicle sales and the service business.
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Dana, Visteon, Aptiv grapple with coronavirus losses in Q2
Coronavirus shutdowns bludgeoned the second-quarter results for suppliers Dana, Visteon and Aptiv, but all three companies said they shored up their balance sheets with cost savings measures and maintained adequate financial liquidity.
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Visteon Q2 earnings go into the red after revenue cut in half
In a call with analysts, CEO Sachin Lawande said proactive actions Visteon took to preserve cash are helping the company to be stronger and more competitive.
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Pandemic takes toll on Cars.com Q2 revenue, profit
Cars.com reported that its operating expenses were 19 percent below the same quarter in 2019. The company took a series of cost-cutting steps as the pandemic spread across the U.S. this spring. Cars.com shares surged higher despite a down day on Wall Street.
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Sonic Q2 net income rises; EchoPark rollout accelerated
Aided by lower expenses and strong used-vehicle demand, Sonic Automotive's net income rose 16 percent in the second quarter despite the pandemic. The retailer is expanding a rollout of standalone EchoPark stores with new delivery and buy centers.
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Power companies push EVs, charging infrastructure
Utilities see EV growth as a way to sell more power, balance electricity demand and meet sustainability goals. But some aspects of the industry’s campaign, such as lobbying for tax credits, put it at odds with oil interests.
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Diess has supervisory board's full support, VW says
The CEO has for months pushed to lower costs at the automaker's German operations, repeatedly clashing with labor representatives who control nine of the 19 seats on VW's board.
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DuPont takes $2.5 billion charge tied to auto business
DuPont said said its transportation unit earnings before interest, taxes and other expenses fell 86 percent to $49 million while total revenue fell 34 percent to $832 million.
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