Tesla records 2nd profit as public companyAuto News

For just the second time in its history as a public company, Tesla Motors reported net income, making $22 million net for the third quarter.

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Bob Lutz blasts Tesla, Musk, compares followers to a 'religious cult'Auto News

Former General Motors Vice Chairman Bob Lutz, appearing on CNBC earlier today, blasted Tesla CEO Elon Musk -- and his followers. "Tesla supporters are like members of a religious cult," he told the business news network.

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OnStar's Big Blue Move (10/26/16)

OnStar’s Big Blue move; Audi pulls out of Le Mans; Subaru, Ford recalls; LG to challenge Tesla...
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Audi pilots corporate car-sharing fleet in latest mobility pushAuto News

Audi of America is expanding its mobility services with a national corporate car-sharing fleet service it plans to roll out next year, the company said today.

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Spanish supplier Gestamp to invest $158.7 million into Mich. operationsAuto News

Gestamp North America Inc. plans to invest $158.7 million into its Michigan operations. The subsidiary of Madrid, Spain-based Gestamp Automoción SL plans to expand its plants in Chelsea, Mich., and Mason, Mich.

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Federal-Mogul posts Q3 gains as Icahn offer remains pendingAuto News

Federal-Mogul the diversified auto supplier that billionaire investor Carl Icahn is aiming to take private, today said it posted $15 million in third-quarter net income, up from a $63 million loss a year earlier.

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Ally Financial net income down as it repositions for digital growthAuto News

Ally Financial, one of the nation's largest auto lenders, reported lower net income in the third quarter, while net financing revenue inched up.

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Auto industry cyber security group hires Boeing veteranAuto News

The organization that automakers in the U.S. created to cope with cyber security threats said today it has hired a former Boeing executive as its leader.

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Nissan to stop making Mexican veteran Tsuru amid safety criticismAuto News

Nissan said today it will stop production in May of the Mexican-built Tsuru, an economical and hardy sedan beloved by taxi drivers but often sold without airbags and widely criticized for its poor crash record.

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Lear Q3 net income rises 18% to $214 millionAuto News

Seating and electronics supplier Lear reported an 18 percent rise in third-quarter net income to $214 million as its sales revenue reached new heights.

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2017 Mini Cooper Countryman becomes biggest in brand historyAuto News

While the next-gen 2017 Mini Cooper Countryman may have 'Mini' on the hood, it's actually the biggest vehicle in the brand's history. Mini increased the 2017 model's length by 7.

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Penske Automotive Q3 net rises 1.1% to $88.5 millionAuto News

Penske Automotive's third-quarter net income rose 1.1 percent as gains in gross profit margins in the U.S. for new and used vehicles were offset by foreign exchange-related losses and lower global profit margins for vehicle sales.

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Subaru to recall 100,000 U.S. turbocharged vehicles for faulty pumpAuto News

Subaru of America will recall about 100,000 vehicles equipped with turbocharged engines over increased risk of a fire.

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Apple said to develop car operating system in BlackBerry countryAuto News

Apple has dozens of software engineers in Canada building a car operating system, a rare move for a company that often houses research and development projects close to its Cupertino, Calif.

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GM to use IBM's Watson AI software for new OnStar Go serviceAuto News

General Motors and International Business Machines Corp. plan to combine IBM's artificial intelligence software Watson with the automaker's OnStar system in order to market services to drivers in their vehicles.

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GM's OnStar, IBM's Watson combine to market brands to driversAuto News

General Motors and International Business Machines Corp. plan to combine IBM's artificial intelligence software Watson with the automaker's OnStar system in order to market services to drivers in their vehicles.

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Hyundai net income falls 11th straight quarter as strikes cut production Auto News

Hyundai posted a drop in quarterly profit after labor strikes hurt domestic production and a stronger currency eroded repatriated earnings. Operating profit declined 29 percent to 1.

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