Penske Q1 net up 12% on strong retail sales Auto News

Penske Automotive Group Inc. reported first-quarter net income rose 12 percent driven largely by strong vehicle sales.

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Ally net doubles after sale of Chinese joint-venture stakeAuto News

Ally Financial reported a quarterly profit that more than doubled, helped by a onetime after-tax gain of about $400 million related to a stake sale in its joint venture with a Chinese auto lender.

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Group 1's net income rises 14% in Q1Auto News

Group 1 Automotive reported a net income rose 14 percent to $36 million in the first quarter, driven by solid gains in sales of both new and used vehicles in its core operations in the robust US market.

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Ford posts 7% drop in Q1 profit, still sees 'breakthrough year'Auto News

Ford, which has forecast a "breakthrough year" for itself after remaking a large swath of its global lineup, today said its first-quarter net income fell 6.6 percent to $924 million as the launch of its aluminum-bodied pickup cut production.

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Toyota plans $4.2 billion share sale to fund fuel cell randdAuto News

Toyota plans to replace as much as 500 billion yen ($4.2 billion) of common equity with unlisted shares that have transfer restrictions, locking in longer-term funding as the carmaker develops new technology.

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Honda fiscal Q4 operating profit falls 32% on recall costs, flat car salesAuto News

Tepid sales and a barrage of recall costs hammered profits at Honda in the latest quarter, forcing the carmaker to miss its main targets for full-year earnings and unit sales. Operating profit tumbled 32 percent to $935.

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Honda profit falls 32% on recall costs, flat car salesAuto News

Tepid sales and a barrage of recall costs hammered profits at Honda in the latest quarter, forcing the carmaker to miss its main targets for full-year earnings and unit sales. Operating profit tumbled 32 percent to $935.

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Jaguar's high-wire performanceAuto News

Jaguar's efforts to make the XF seem like something special have risen to a new level.

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Senate bill would reward workers for reporting safety concerns to regulatorsAuto News

The U.S. Senate is nearing approval of a bipartisan bill that would give financial incentives to employees at automakers and suppliers who report safety defect concerns to regulators.

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GM ignition-switch death toll rises to 90Auto News

The death count from General Motors' defective ignition switch has risen to 90, three more than a week earlier. Eligible injury claims have reached 163, six more than last week.

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Piech Down, Likely Not Out (4/27/15)

Family owns 51 percent of VW; AutoNation Ford dealership gutted; April U.S. sales forecasts; Mitsu...
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Tenneco Q1 net income up 6.5%; revenue hit by exchange rates Auto News

Ride control and emission control supplier Tenneco reported net income improvement and adjusted revenue growth for the first quarter.

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Best April sales in decade expected, driven by light trucksAuto News

New-vehicle sales in the United States are projected to reach the highest April level in a decade, capping the best four-month start to a year since 2001. Four forecasts -- calling for a year-over-year increase of 5.2 percent to 6.

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Ally to take over Mitsubishi's U.S. lending armAuto News

Mitsubishi, one of the smallest car companies with a captive finance arm in the United States, said today that it is selling its book of business to Ally Financial, the former lending division of General Motors.

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Tesla hit by hackers on Twitter, media-relations email accountsAuto News

Tesla's Twitter feed and its media-relations email account were hacked Saturday, with the electric-car maker becoming the latest victim of online vandals.

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AutoNation Ford store in Bellevue, Wash., burns downAuto News

AutoNation Ford Bellevue in Washington state is still burning today after a fire tore through the dealership Saturday morning. The local fire department is calling it a total loss.

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Tesla hit by hackers on Twitter, media-relations email rccountsAuto News

Tesla's Twitter feed and its media-relations email account were hacked Saturday, with the electric-car maker becoming the latest victim of online vandals.

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Hyundai to create shareholder-rights group after land deal irks investorsAuto News

Hyundai Motor will establish a committee to represent shareholder interests when the board makes key decisions such as acquisitions, heeding calls from investors angered over a $10 billion land purchase last year.

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VW investors hope Piech exit may usher in changeAuto News

Investors hope that Volkswagen will be able to revive profitability at its core division, cure underperformance overseas and bury lingering plans for acquisitions after the resignation of Chairman Ferdinand Piech.

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GM to give Kettering University $4 million for proving ground, powertrain labAuto News

Kettering University, which taught General Motors leaders such as CEO Mary Barra, is getting a $4 million gift from the carmaker to build a proving ground and powertrain test lab.

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