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Volvo Car USA’s newest crossover signals the next chapter of the Swedish automaker’s evolution. The 2021 Volvo XC40 Recharge P8, arriving in U.S. stores early next year, is the awkwardly named vanguard of a portfolio of emissions-free models. “Electrification by far is the highest priority in the company,” Volvo Car USA CEO Anders Gustafsson told
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SHANGHAI — With the coronavirus outbreak largely contained since March in China, the local market for new passenger vehicles and light trucks has sustained growth for five straight months. But there has been little to celebrate for American brands here. Except for Tesla, demand for U.S.-brand vehicles remains subdued, leaving many of their dealers struggling
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Daimler is slowly pulling back the curtain on how its line of Mercedes-Benz sports cars will evolve as the leading luxury-vehicle maker goes electric. CEO Ola Kallenius has dropped hints this month that Mercedes plans to challenge brands including crosstown rival Porsche by introducing plug-in performance models. He told German monthly Manager Magazin in an
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The streets of Miami and South Beach are filled with luxury and exotic vehicles. But few are Alfa Romeos.  Breaking into the chic market has been an uphill slog for dealers since the Italian brand’s U.S. return in 2014, and a group of Alfa Romeo dealers in the area have been working for more than
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Automakers are investing billions of dollars to bring new electric vehicles to consumers in the U.S. and other global markets, but their success hinges on securing the most critical and expensive component: the battery. A handful of companies based in China, Japan and South Korea make automotive-grade battery cells, which has upset the traditional dynamic
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Nissan North America is repositioning some senior leaders as the automaker works on a turnaround of the U.S. business. Two top executives will swap roles as part of the reorganization, Nissan told dealers Thursday in an email obtained by Automotive News. Nissan confirmed the moves, which take effect Nov. 1. Judy Wheeler, 58, will oversee
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Continental is exploring a sale of its turbocharger unit as the German supplier conducts a major restructuring to stem losses, according to people familiar with the matter. Europe’s second-largest car-parts supplier is working with Citigroup Inc. on the disposal, the people said, asking not to be identified discussing confidential information. The business is no longer
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Editor’s note: All currency figures in this story have been translated from Canadian dollars to U.S. dollars at current exchange rates. Fiat Chrysler Automobiles workers represented by Unifor ratified a new three-year contract that includes up to $1.1 billion in planned investments in Canada, the union said Monday. The union said 78 percent of FCA
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The name Hyundai translates into English as “modernity.” And now, the South Korean automaker has a new chairman who embraces that forward-looking spirit of change and improvement, just as it grapples with an age of industry upheaval. Even before being tapped last week as the new leader of Hyundai Motor Group, Euisun Chung was a
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TOKYO — In the criminal trial of former Nissan director Greg Kelly here, testimony has painted a picture of Nissan officials going to extremes to avoid public scrutiny of Carlos Ghosn’s handsome executive compensation. According to testimony in the government’s case against the former human resources executive, a group of top brass — including a
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TOKYO — Just as critics were wondering about the viability of General Motors’ fuel cell truck partnership with electric heavy-truck startup Nikola, two Asian competitors jumped headlong into the segment. This month, Hyundai and Toyota each unveiled plans to ramp up development and commercialization of hydrogen-fueled commercial vehicles to be launched from North America to
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Billionaire Robert F. Smith has been hailed as a brilliant investor who built Vista Equity Partners into a private equity powerhouse and a generous philanthropist lauded for paying off the student debt of Morehouse College’s entire graduating class last year. But federal prosecutors undercut that image on Thursday, saying Smith concealed income and evaded taxes
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DETROIT– General Motors’ Detroit-Hamtramck assembly plant in Michigan is getting a new name — Factory Zero — marking a commitment to an all-electric, zero-emissions lineup. The plant will become the automaker’s electric-vehicle hub, building the GMC Hummer pickup and Cruise Origin, a self-driving, electric shuttle developed by Cruise, GM’s self-driving subsidiary in San Francisco. GM
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Asbury Automotive Group said Wednesday it expects to report a rise in adjusted net income of more than 70 percent on a per-share basis for the third quarter. The increase comes in the wake of Asbury’s August purchase of Park Place Dealerships, the largest acquisition in company history. Asbury, the seventh-largest U.S. dealership group as
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British electric vehicle startup Arrival said Wednesday it has raised $118 million from U.S. funds manager BlackRock Inc. Five-year-old Arrival is focused on development of electric commercial vehicles, including vans and buses. It previously had raised $111 million from Korean automaker Hyundai Motor Co and sister company Kia Motors Corp., as well as an undisclosed
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LMP Automotive Holdings Inc., an emerging public auto retailer and subscription provider, said it agreed to purchase a majority stake in New York’s largest dealership group in a transaction valued at $608 million. The deal, announced late Friday, would advance LMP’s aggressive acquisition goal to grow to as many as 50 franchised new-vehicle stores within
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TOKYO — From his glass-walled office high above central Tokyo, James Kuffner keeps a running computer file of “crazy ideas” for whenever a moment of genius strikes. Toyota’s newest board member and resident robotics wizard gets lots of bolts from the blue. One of his latest: a high-rise rooftop landing pad for flying cars that
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When drivers start up the 2021 Chrysler Pacifica and Dodge Durango this fall, they’ll be introduced to the next-generation version of Fiat Chrysler Automobiles’ heralded Uconnect infotainment system. The latest iteration, Uconnect 5, runs on an Android-based operating system and has processing speeds five times faster than those of its predecessor. It enables two Bluetooth
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