Musk's pay as Tesla CEO drops 99.9% to less than $70,000Auto News

Elon Musk, Tesla's CEO and one of the wealthiest U.S. entrepreneurs, saw his take home pay from the automaker plunge by more than 99.9 percent last year after a surge in his 2012 stock options.



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GM says government probes into recalls now include SEC, a state attorney generalAuto News

GM is facing five different government probes in connection with its recent recalls, the automaker said in a regulatory filing on Thursday.



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U.S. sales on track to rise 9% in April, 2 forecasts showAuto News

U.S. auto sales are on pace to rise 9 percent in April from a year ago, as warmer weather coaxes out more shoppers who stayed home during the unusually harsh winter, according to two forecasts released today.



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How GM Averted a Loss (4/24/14)

Truck-pricing ‘discipline’ aided company in tough Q1, Barra makes Time’s 100...

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N.Y. regulators sue Condor Capital, accusing it of withholding refundsAuto News

New York state regulators Wednesday sued Condor Capital Corp., a subprime auto lender in Hauppauge, N.Y., which they accused of withholding refunds that should have been paid to customers.



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GM ekes out $125M first-quarter profit as recalls take tollAuto News

Surging transaction prices on trucks helped GM offset heavy costs from safety recalls and eke out a small profit in the first quarter. GM posted net income of $125 million in the first three months of the year, down 86 percent from a year earlier.



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Nissan tests a car that cleans itselfAuto News

Nissan is experimenting with a 'self-cleaning' car that uses a new coating technology to help repel rain, oil and grime.



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FTC officials: Ban on Tesla's direct sales 'bad policy'Auto News

In an unusual move, three top officials with the FTC on Thursday came out in opposition to laws that ban automakers like Tesla Motors from selling automobiles directly to consumers.



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REACTION: The 'right call' to go for price over pickup shareAuto News

A roundup of what analysts and others are saying about General Motors' first-quarter financial results.



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Group 1 Q1 profit rises 7%, revenue up 15%Auto News

Group 1 Automotive Inc. reported first-quarter net income of $31.3 million, a 7 percent improvement over the same quarter a year ago. The retailer's revenue rose 15 percent to $2.3 billion.



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Delphi profits jump on higher N.A., Asia parts demandAuto News

Delphi Automotive reported a 16 percent rise in first-quarter profits, helped by strong parts demand in Asia and North America, and raised its 2014 earnings outlook.



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Lithia reports record Q1 profit, 19% revenue increaseAuto News

Lithia Motors reported record first-quarter income on increased customer-pay service work and an increase in vehicle sales.



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GM profit plunges on outlays for safety recallsAuto News

GM's first-quarter net income sank 86 percent from a year earlier to $125 million amid heavy costs related to safety recalls of 7 million vehicles.



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Penske posts record continuing-operations income in Q1Auto News

Penske Automotive Group reported the highest quarterly income from continuing operations in the company's history.



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GM profit plunges on recall costs Auto News

GM's first-quarter net income sank 86 percent from a year earlier to $125 million amid heavy costs related to the recall of 7 million vehicles.



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Mitsubishi posts record annual operating profitAuto News

Mitsubishi Motors nearly doubled its operating profit for the year ended March to an all-time high of 123.4 billion yen ($1.2 billion) as a drop in Thai sales was offset by growing sales in most other regions around the world.



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Hyundai Q1 profit hit by slow U.S. salesAuto News

Hyundai posted first-quarter net profit that was almost identical to a year earlier, as increased sales in China and Korea helped offset weak U.S. demand.



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JCI Q1 profit rises 59% on increase in automotive businessAuto News

Johnson Controls reported a 59 percent jump in quarterly profit, helped by higher sales in its automotive unit.



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