GM's Inventory Slim-Down Plan (7/25/17)

GM’s inventory slim-down plan; BMW’s Willisch retiring; Quick CAFE-goal revision?; VW...
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Asbury Automotive exits its used-only operationsAuto News

Asbury Automotive is closing its remaining Q auto stand-alone used-car stores to redirect investments that will deliver better returns.

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Musk says Facebook's Zuckerberg naive about AIAuto News

Elon Musk insulted rival billionaire Mark Zuckerberg on Tuesday, escalating a tech wizard war of words over whether robots will become smart enough to kill their human creators.

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BMW's Willisch to retire Aug. 1 as Americas chiefAuto News

After 21 years with BMW, including six in the U.S., Ludwig Willisch will retire as the company's Americas chief as of Aug. 1. The retirement of Willisch, 61, had been expected.

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BMW's Willisch to retireAuto News

After 21 years with BMW, including six in the U.S., Ludwig Willisch will retire as the company's Americas chief as of Aug. 1. The retirement of Willisch, 61, had been expected since a new BMW of North America CEO was put into place early this year.

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Israeli settles Mobileye insider trading case with U.S. regulatorsAuto News

An Israeli professor has agreed to pay more than $850,000 to settle U.S. claims he engaged in insider trading in Jerusalem-based Mobileye before its $15.3 billion takeover by Intel.

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Mary Barra: GM launching over-the-air updates 'before 2020'Auto News

GM CEO Mary Barra said the company plans to launch a new electrical vehicle architecture and infotainment system capable of over-the-air updates "before 2020."

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5 questions with Mercedes' director of randdAuto News

Ola Kaellenius, head of randd at Mercedes-Benz Cars, sat down with reporters at the launch of the updated S class and covered topics ranging from the return of the Mercedes inline-six to robot taxis to the coming of autonomy to the staying power of...

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Asbury's Q2 net drops 13% to $32 millionAuto News

Asbury Automotive's second-quarter net income dropped 13 percent to $31.9 million on lower profit margins per new and used vehicles sold.

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Subaru sets modest price hike for '18 ImprezaAuto News

Subaru's fifth-generation Impreza is off to a strong start in the U.S. after a redesign last year, and the automaker isn't changing the starting price much for the 2018 model.

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VW exec Oliver Schmidt expected to plead guilty in emissions cheating caseAuto News

Oliver Schmidt, one of the eight VW executives charged in the automaker's diesel emissions scandal, plans to plead guilty on August 4 in U.S. District Court in Detroit, a court spokesman said.

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Tesla Model S regains top safety rating with software update, Consumer Reports saysAuto News

Tesla provided an over-the-air update in July to its software on the Model S to include automatic emergency braking at highway speeds.

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U.S. may revise 2021 fuel efficiency standards, freeze targetsAuto News

The Transportation Department said it may revise auto fuel efficiency requirements starting with the 2021 model year, a year earlier than previously disclosed, and could adopt lower standards through 2025.

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Like it or not, signs signal change for auto retailAuto News

Car dealers need to prepare for a new way of selling as consumers may not desire car ownership in the future.

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U.S. may revise 2021 fuel efficiency standardsAuto News

The Transportation Department said it may revise the 2021 model year fuel efficiency requirements as it reviews the Obama administration's emissions rules a year earlier than previously disclosed.

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Tesla buyers antsy for Model 3 keys months after $1,000 depositAuto News

Thousands of Tesla Model 3 reservation holders are in limbo, with deposits paid but little clarity about the status of their car -- when they'll get it or what they'll pay.

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GM Q2 net drops 42% on Europe restructuringAuto News

General Motors said its net income dropped 42 percent to $1.66 billion in the second quarter, primarily because of the pending sale and restructuring of its European operations.

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Mitsubishi quarterly operating profit rebounds following scandalAuto News

Mitsubishi's operating profit surged nearly fivefold in the latest quarter, rebounding from a year earlier when earnings were broadsided by a fuel economy scandal.

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