Automotive News

Tesla Q3 net income rises 17% to $2.2 billion; total revenue up 8% to $25.2 billion ↗

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As Fiat stalls as part of Stellantis, Italy's Turin struggles to stave off decline ↗

Turin's Mirafiori plant — once the symbol of Fiat's might, employing about 60,000 — has shriveled to a shadow of its former self under Stellantis ownership.
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Auto industry risks from port strike to rise exponentially each day, analysts say ↗

One day after the port strike on the East and Gulf coasts began, the backlog of automotive parts that some suppliers and automakers import into the U.S. grew by about a week, according to an industry trade expert.
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Chevy's program combines educational sessions designed to dispel myths with opportunities to drive EVs from GM and from rival automakers.

Chevy launches EV training road tour for dealership sales teams ↗

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Volkswagen will cease to write U.S. Audi and VW auto loans through its in-house captive finance company and instead refer that business to Wells Fargo starting in April. It will also start to refer U.S. Ducati motorcycle loans to Wells Fargo at some point.
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Volkswagen dropping in-house U.S. auto loans, giving business to Wells Fargo ↗

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A costly and disruptive stop-sale to Toyota's large three-row crossovers is expected to end in late October after Toyota determined that modified side-curtain airbags will bring the vehicles back into compliance.
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Toyota has repair for Grand Highlander, Lexus TX after lengthy stop-sale ↗

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Hyundai's premium brand expects more growth on strong product, new dedicated dealerships and a focus on loyalty.
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Now an established luxury brand, Genesis is refining strategy to win loyal customers ↗

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Toyota, Nissan, Mazda, Subaru bolster EV battery plans with aid from Japan ↗

EV laggards Toyota, Mazda, Subaru and Nissan up their game with massive new investment in next-generation battery production, backed by government subsidies, as Japan races to catch up to global rivals.
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