Auto Industry News
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Updated 2 hours, 55 minutes ago
Ford Motor Co. Falcons, driven by Mel Gibson in Australia’s 1979 movie “Mad Max,” have rolled off a Melbourne production line for 53 years. Now, like Max’s “last of the V-8s,” their days are numbered.
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Updated 1 hour, 56 minutes ago
Call it Elon Unchained.
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China should refrain from “micromanaging” the automotive industry and allow market competition to spur innovation and weed out weaker automakers, the Chinese Academy of Social Sciences said in a report.
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General Motors Co.’s redesigned full- size pickups are bolstering analysts’ confidence that the automaker’s shares will keep climbing after topping their initial public offering price for the first time in two years.
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European Union car sales rose in April for the first time since September 2011, adding to signs that the 27-nation bloc’s recession may be short-lived.
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China said it will encourage foreign investment in vehicle manufacturing in its western region, reversing a policy to remove automaking from a list of industries qualifying for government incentives.
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I pull a white Aston Martin Vantage S roadster out of a Manhattan garage and the rumble of the V-8 reverberates, vibrant and animalistic, down the crowded street.
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Elon Musk was fresh off the sale of PayPal and starting another business, commercial rocket service Space Exploration Technologies Corp., when he met kindred spirit JB Straubel. Their shared belief that consumer electronics advances could be applied to more earthly modes of transport is a cornerstone of Tesla Motors Inc.
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Detroit bonds trading at 91 cents on the dollar are still too costly for municipal investors after the city’s emergency manager said the U.S. auto industry’s capital may run out of cash and consider cutting debt payments.
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Manufacturing in the New York region unexpectedly shrank in May as factories received fewer orders and sales stagnated.
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