Lear piles up $331 million profit in Q2Auto News

Lear posted a 6 percent increase in profit for the second quarter due to the addition of new business in both of its product segments and the addition of Grupo Antolin's seating business last year.

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Lear piles up $331 million profit in Q2Auto News

The auto seating and electronics supplier, of Southfield, Mich., reported revenue of $5.58 billion, up from $5.12 billion in the same quarter last year.

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BorgWarner Q2 net income surges 28%Auto News

BorgWarner's increase in net income came despite customer downtime related to a supplier fire that interrupted production of the Ford F-150 and Ford Super Duty pickups in May, said outgoing CEO James Verrier

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Marchionne Sick for a Year, Hospital Reveals (7/26/18)

Marchionne sick for a year, hospital reveals; UAW says allegations against ex-leader...
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Ally's used originations, non-GM and Chrysler business grow in Q2Auto News

Ally Financial's auto originations rose 12 percent in the second quarter, largely driven by gains in the used-vehicle market. At the same time, the lender's share of non-General Motors and Chrysler originations reached a record high.

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Why Fritz Henderson is unhappy with Adient's resultsAuto News

Seat supplier Adient is climbing back from some well-publicized production glitches and quality problems earlier this year, but the recovery is not going fast enough, said interim CEO Fritz Henderson.

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NAFTA talks could conclude in August, U.S. saysAuto News

U.S. Trade Representative Robert Lighthizer said it's possible NAFTA partners will reach a tentative agreement next month to revamp the 24-year-old pact.

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How Penske Automotive piled up record results in Q2Auto News

Penske Automotive Group's second-quarter earnings jumped to a record, driven by same-store profit gains in new vehicles, used vehicles and finance and insurance, plus a bump from foreign exchange.

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Penske Q2 net income rises 27 percentAuto News

Penske Automotive Group Inc.'s second-quarter earnings jumped to a record, driven by same-store profit gains in new vehicles, used vehicles and finance and insurance, plus a bump from foreign exchange.

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Veteran auto journalist, reviewer Warren Brown diesAuto News

Warren Brown, who wrote an influential automotive column for The Washington Post, died Thursday at a hospital in Haymarket, Va., from kidney failure, according to friends. He was 70.

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Veteran auto journalist, reviewer Warren Brown diesAuto News

WASHINGTON -- Warren Brown, who wrote an influential automotive column for The Washington Post for many years, died Thursday at a hospital in Haymarket, Va., from kidney failure, according to friends.

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Group 1 lifts profits, revenue on used vehicles, U.K. businessAuto News

Group 1 Automotive's gross profit and revenue climbed in the second quarter, driven primarily by improvements in the used-vehicle business. Operations in the U.K. also helped.

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Group 1 lifts profits, revenue on used vehicles, U.K. businessAuto News

Group 1 Automotive's gross profit and revenue climbed in the second quarter, driven primarily by improvements in the used-vehicle business. Operations in the U.K. also helped.

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Marchionne knew of 'serious illness' for a year, according to hospital and father of late partnerAuto News

In an interview with Italian newspaper Corriere della Sera, the father of Marchionne's partner says the CEO knew his health was declining a year ago.

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Hyundai warns of more pain from tariffs after profit drops Auto News

Hyundai joined a growing list of carmakers warning of more troubles ahead from a prolonged trade dispute after reporting quarterly earnings that missed analysts' estimates.

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Former UAW top aide alleges ex-UAW president Dennis Williams directed officials to misappropriate funds, report saysAuto News

Federal investigators have reportedly connected recently retired UAW President Dennis Williams to a corruption probe in the widening union-FCA scandal.

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Daimler to split business into cars, trucks, mobility unitsAuto News

Daimler unveiled a new corporate structure on Thursday designed to give its trucks, mobility services and Mercedes-Benz car division greater scope to chase growth in an era when carmakers prepare to launch fleets of autonomous cars.

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Carpocalypse descends on Detroit after nightmare day of earningsAuto News

GM and FCA reported weak earnings, with both reining in profit forecasts for the year. That sparked sharp sell-offs of their stocks. Then it really got ugly when Ford posted its results.

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Daimler braces for European emissions-test impact as Q2 profit falls 30%Auto News

Daimler blamed U.S.-China tariffs for a 30 percent drop in second-quarter profit and predicted a further decline as new emissions test standards in Europe hit vehicle sales.

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Auto tariffs are not completely off table yet, German industry warnsAuto News

A German industry group said skepticism remains after President Trump agreed to refrain from imposing car tariffs while the U.S. and EU negotiate to cut trade barriers.

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Why Nissan's profits are slippingAuto News

Nissan reported a 29 percent decline in operating profit in the most recent quarter as foreign exchange rate losses and rising commodity costs combine with falling sales in the United States and Europe.

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