Ally Q4 net income takes 27% hit as tax expense dents profitsAuto News

Ally Financial's fourth-quarter net income took a hit as the lender absorbed a multimillion-dollar tax expense prompted by late-year changes to the U.S. tax code. Overall, Ally expects to boost its bottom line with tax-related savings in 2018.

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CFPB wins appeals court ruling on independenceAuto News

The Consumer Financial Protection Bureau regained a measure of independence when a federal appeals court said the president's power to remove the agency's head is limited to specific reasons.

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Ford's late arrival to U.S. subcompact crossover segment symbolic of CEO's need to overhaulAuto News

To understand why CEO Jim Hackett is urgently overhauling Ford, look no further than the surging subcompact crossover segment.

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Underwater on your trade-in? No problem, auto lenders sayAuto News

A growing share of the trade-ins that U.S. auto dealers and lenders accept for car-purchase financing are worthless on paper, a sign that banks and finance companies are making riskier loans to keep up revenue as vehicle sales slow.

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Wells Fargo, seeking fresh start, renames beleaguered auto unitAuto News

Wells Fargo is renaming its auto-loan business a year after it was beset by regulatory scandals and operational hurdles.

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No Audi, but a quattro-like freeride skierAuto News

Audi partners with a freeride skiing expert and transports him to new locations in the newest video to join our charts.

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Ally Q4 net income takes 27% as tax expense dents profitsAuto News

Ally Financial's fourth-quarter net income took a hit as the lender absorbed a multimillion-dollar tax expense prompted by late-year changes to the U.S. tax code. Overall, Ally expects to boost its bottom line with tax-related savings in 2018.

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Robert Bosch employees investigated in Chrysler diesel-emissions probeAuto News

The Stuttgart prosecutor's office said two employees of Bosch were being investigated on suspicion of aiding fraud, as part of a wider probe into Chrysler diesel emissions in the United States.

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Ford credit rating threatened by negative Moody's outlookAuto News

Nearly six years after Ford reclaimed its good name in the credit community, the automaker was put on notice when Moody's signaled its investment-grade rating could again be at risk.

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Auto recalls cost grew 26% to $22 billion in 2016Auto News

A new study highlighting the flurry of U.S. automotive recalls asserts that automakers and suppliers remain focused on innovation and cost cuts while vehicle quality takes a hit.

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January U.S. auto sales on similar pace as a year agoAuto News

U.S. new-vehicle sales this month are expected to roughly match the levels of January 2017, though the selling rate is projected to decline as the industry prepares for a second straight year of lower volume.

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Auto emissions rules help spur reinvestment in manufacturingAuto News

Supporters of maintaining stringent auto emissions standards are trying to couch the issue in economic terms to convince policymakers the regulations have broad benefits.

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Honda revives Passport nameAuto News

Honda is reviving the Passport nameplate for a new crossover to be slotted between the CR-V and Pilot, according to people familiar with the plans.

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TourX: Why not a Buick Regal wagon?Auto News

Buick does not refer to its 2018 Regal TourX as a wagon, despite it clearly being a wagon.

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Tailgate thefts on decline, report showsAuto News

Tailgate thefts reported to insurance companies across the U.S. declined 5 percent in 2017, a report shows, although it's unclear how many such thefts go unreported.

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VW suspends chief lobbyist over diesel fume testsAuto News

VW suspended chief lobbyist Thomas Steg. He is the first executive who has been linked to a controversial experiment on monkeys that German politicians quickly condemned as "despicable."

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Faraday sues ex-execs for alleged trade secrets theftAuto News

Electric carmaker Faraday Future is suing a startup founded by its former chief financial and technology officers for allegedly poaching talent and stealing valuable intellectual property.

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VW suspends chief lobbyist over diesel fume testsAuto News

Volkswagen has suspended its chief lobbyist Thomas Steg amid steps to clear up the circumstances of diesel fume tests conducted with monkeys and humans that were sponsored by the carmaker.

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How Silicon Valley startup Nuro envisions delivery van of the futureAuto News

The future of driverless driving looks like a giant toaster with a funny hat. That's an approximation of a new autonomous vehicle unveiled by Nuro, a Silicon Valley startup that's been cryptic about its business plan.

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