Tesla Motors customers are rich enough to keep buying luxury cars whatever the cost of a tank of gasoline. So the oil rout probably won't hammer the stock for long -- the shares plunged 14 percent since Thanksgiving.
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The Michigan Minority Supplier Development Council has hired Michelle Sourie Robinson as its new CEO. She will succeed Louis Green in the nonprofit's top post, starting January 5.
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The Ford Mustang, Hyundai Genesis and the Volkswagen Golf were named finalists today for North American Car of the Year, while the Lincoln MKC, Ford F-150 and the Chevy Colorado were named truck/utility finalists.
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Nissan North America has agreed to reimburse customers between $20 and $800 each to resolve a lawsuit alleging that defects in certain vehicles caused brakes to fail suddenly, according to court papers.
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The UAW said it will propose a German-style works council for Volkswagen's plant in Chattanooga and continue its push for collective bargaining for members there following the company's recognition that the union represents at least 45...
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Chrysler Group plans to invest $266 million into its massive Kokomo Transmission complex in Indiana to expand production of its eight-speed rear-wheel-drive transmission.
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Jaguar Land Rover is recalling 7,079 Jaguar F-Type sports cars in the U.S. because potential incorrect wiring could lead to the front-passenger airbag not activating, according to documents filed with U.S. safety regulators.
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Audi sales increased 11 percent in November to 146,250 vehicles, the automaker's best-ever result for that month, bolstered by double-digit growth in China and the United States.
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Jaguar Land Rover is recalling 7,079 Jaguar F-Type sports cars in the U.S. because potential incorrect wiring could lead to the front-passenger airbag not activating, according to documents filed with U.S. safety regulators.
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Tesla shares have dropped 14 percent in seven trading days on growing concern that the cheapest gasoline in more than four years will dampen consumer enthusiasm for the company's luxury electric cars.
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Consumers can't immediately pursue a lawsuit against Takata and multiple carmakers claiming loss of vehicle value tied to airbag recalls while awaiting a decision that would combine more than 50 cases before one judge.
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Toyota is overhauling its Toyota Group supplier network to better support its next generation product platform and develop advanced active safety technologies.
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Honda President Takanobu Ito said his company is planning to launch a worldwide investigative airbag recall, just days after extending a similar callback in the United States.
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VW Group has appointed BMW development chief Herbert Diess to its management board. Diess, 56, will take over as chairman of the VW passenger car brand from CEO Martin Winterkorn, effective Oct. 1, 2015, the company said.
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BMW CEO Norbert Reithofer will step down from his post and be replaced by Harald Krueger, the company's 49-year-old production chief. Reithofer is slated to succeed Joachim Milberg as chairman of the company's supervisory board, BMW said.
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