GM Investing $5.4B in U.S. (4/30/15)

General Motors investing $5.4 billion in U.S. plants, cutting jobs in Canada; boardroom drama...
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Delphi looking for acquisition of $1 billion-$3 billion, CEO saysAuto News

DETROIT (Reuters) -- Delphi Automotive CEO Kevin Clark said the company could spend $1 billion to $3 billion this year on a large acquisition related to its traditional "hardware" business and will make smaller investments in software.

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Delphi looking for acquisition of $1-3 billion, CEO saysAuto News

DETROIT (Reuters) -- Delphi Automotive CEO Kevin Clark said the company could spend $1 billion to $3 billion this year on a large acquisition related to its traditional "hardware" business and will make smaller investments in software.

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GM Canada to cut about 1,000 jobs at Oshawa plantAuto News

GM will eliminate one shift at its Oshawa, Ontario, assembly plant in November, the company said today, cutting about 1,000 jobs as it makes production changes that were announced in 2012.

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Delphi looking for software supplier acquisition of $1-3 billion, CEO saysAuto News

DETROIT (Reuters) -- Delphi Automotive CEO Kevin Clark said that the company will likely spend $1 billion to $3 billion this year on a large acquisition related to software to enhance vehicle connectivity.

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Aluminum castings supplier Sakthi plans $31.9 million expansion in DetroitAuto News

Aluminum castings supplier Sakthi Automotive Group USA is planning a $31.9 million expansion of its plant in Detroit.

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Delphi looking for acquisition of up to $2 billion, CEO saysAuto News

Delphi Automotive would consider an acquisition of as much as $2 billion in value and is actively looking at such deals, CEO Kevin Clark told Bloomberg today in an interview.

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Aston Martin secures funds to build DBX crossoverAuto News

Aston Martin Lagonda is set to receive more than $300 million for the development of its groundbreaking DBX crossover and other vehicles that fall outside its traditional sports car bent.

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BorgWarner Q1 net income rises 12.5% but revenue falls 4.8% on currency exchangesAuto News

BorgWarner Inc., the supplier known for its turbochargers and emission systems, said its first-quarter net income increased 12.5 percent from 2014 to $178.9 million, while its quarterly revenue sank 4.8 percent to $1.98 billion.

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BorgWarner 1st-quarter net income rises 12.5% but revenue falls 4.8% on currency exchangesAuto News

BorgWarner Inc., the supplier known for its turbochargers and emission systems, said its first-quarter net income increased 12.5 percent from 2014 to $178.9 million, while its quarterly revenue sank 4.8 percent to $1.98 billion.

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GM to spend $5.4 billion on U.S. plant upgrades over 3 yearsAuto News

General Motors said today it will invest $5.4 billion in upgrades to its US manufacturing plants over the next three years, creating 650 new jobs.

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Delphi posts small gain in Q1 operating incomeAuto News

Delphi Automotive said its first-quarter operating income rose slightly from last year, but one-time charges and adjustments caused net income to fall. Revenue fell 2.6 percent to $3.80 billion.

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Almost half of U.S. vehicles aren't covered under existing safety regulationsAuto News

Hundreds of crashes involving defective cars are going unreported each year because under federal safety rules automakers aren't required to report suspicious accidents for models more than 10 years old.

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Honda hopes HR-V is better late than neverAuto News

Honda's all-new HR-V is showing up to the party later than expected, but that hasn't dimmed the automaker's high hopes for the subcompact crossover.

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