Public dealership groups pump up stock buybacksAuto News

Several publicly traded dealership groups have reported record first-quarter earnings per share. A key driver of that has been aggressive share buybacks.

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EPA orders Mitsubishi to conduct new vehicle testingAuto News

The EPA ordered Mitsubishi Motors to provide additional information and conduct new tests of U.S. vehicles after the Japanese automaker's admission that it did not properly follow fuel economy test procedures in Japan since 1991.

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Subaru updates 2017 Forester for quieter cabinAuto News

Subaru is revamping the Forester crossover for 2017 with subtle exterior changes, such as a new grille, headlights and front bumper cover, and additional cabin refinement designed to reduce the road noise that was a common complaint on previous...

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FCA to Shuffle Plants, Products (4/26/16)

FCA plant, product shuffle: Ram factory to make Jeep Wagoneer, and Compass-Patriot replacement...
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BMW promotes Petter Witt to N.A. vice president of operationsAuto News

BMW has rewarded a regional manager who 'fully embraced' the automaker's efforts to create its Future Retail dealership standards. Petter Witt becomes executive vice president, operations, in North America, effective May 1.

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Marchionne confirms Ram 1500 output switching Mich. plants in 2018Auto News

Fiat Chrysler CEO Sergio Marchionne confirmed that production of the Ram 1500 pickup would move about 10 miles north to FCA's Sterling Heights Assembly Plant from the Warren Truck Assembly Plant in suburban Detroit.

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BMW promotes Peter Witt to N.A. vice president of operationsAuto News

BMW has promoted Petter Witt to executive vice president, operations, in North America, effective May 1. He will replace J. Chris Koenders, who will return to Europe and assume a newly created job.

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Tenneco Q1 net income up 16% on record revenueAuto News

Ride-control and emission-control supplier Tenneco has reported a 16 percent rise in first-quarter net income on a wave of record revenue.

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Ally net income, originations down as it gets tougher on approvalsAuto News

Ally Financial took a more selective approach to its loan and lease approvals in the first quarter, leaving it with lower origination volume. Its net income also fell, but revenue rose, the company said today.

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Ford to invest $1.4 billion to build 10-speed transmissions for 2017 F-150Auto News

Ford today said it plans to spend $1.4 billion creating 500 jobs and upgrading a Detroit-area plant to build 10-speed transmissions for the 2017 F-150 pickup.

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The rough road for Alfa, passionate fans and fast cars asideAuto News

The brutal auto industry has left no white space for a new entry such as Alfa Romeo to come in and offer something no one else has.

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Sonic Q1 net rises 4.7% on parts and service, FandI; revenue flatAuto News

Sonic Automotive reported net income rose 4.7 percent to $14.6 million in the first quarter from a year earlier. Despite the narrow gain, the auto retailer reported a decline in gross profits on new and used vehicles amid weaker new-vehicle sales.

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Asbury Q1 net down 14%; will open used-car stores despite slow salesAuto News

Asbury Automotive's first-quarter net income dropped 14 percent to $31 million, pressured by softer new- and used-vehicle sales, even as revenue edged up 0.6 percent to $1.55 billion, the company said today.

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Penske Q1 net rises 5.7% on higher salesAuto News

Penske Automotive Group today reported a 5.7 percent rise in first-quarter net income attributed in large part to the strength of its retail sales. The nation's second-largest dealership group said net income rose to $80.

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Marchionne confirms Ram 1500 output moving to Sterling Heights in 2018Auto News

Fiat Chrysler CEO Sergio Marchionne today confirmed that production of the Ram 1500 pickup would move about 10 miles south to FCA's Sterling Heights Assembly Plant from the Warren Truck Assembly Plant in suburban Detroit.

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Sonic Q1 net rises 4.7 percent on flat revenue despite headwindsAuto News

Sonic Automotive Inc. today reported net income rose 4.7 percent to $14.6 million in the first quarter from a year earlier.

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VW concept could preview next TouaregAuto News

A luxury SUV concept VW unveiled at the Beijing auto show could preview the redesigned Touareg due in 2017.

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Ford, Volvo, Google, Uber, Lyft form coalition to promote self-driving carsAuto News

Ford, Volvo Cars, Google and two ride-hailing companies today said they are forming a coalition to urge federal action on self-driving cars.

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