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Used-vehicle values are cooling off, but prices as of mid-October still hovered nearly 10 percent above year-end 2019 levels. For the week ended Oct. 17, wholesale vehicle prices at Manheim auctions were 9.7 percent higher than at the start of the year, and retail prices were 9 percent higher, according to Cox Automotive. But prices
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Sales and profits rebounded for Gentex Corp. in the third quarter because of cost-saving actions, new launches and some quick decision-making. Gentex released its performance results Friday in what could be a positive bellwether for global suppliers. The Zeeland, Mich., supplier of dimmable rearview mirrors and other electronic components posted net income of $117.1 million
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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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Toyota and Lexus production is nearly back to where it was a year ago, top Toyota Motor North America executives said Thursday, adding that they expect a continuing recovery for the industry to yield 14.5 million U.S. sales this year. That result would still be down from 17.1 million U.S. light-vehicle deliveries in 2019, but
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Finally! Finally, Cadillac has been allowed to deliver what we’ve always believed it’s capable of. For well over a decade now, the brand has brought us incredible bones, incredible performance, and incredible handling, but faltered on the luxury, on the details. The 2021 Cadillac Escalade sets things right, and not a moment too soon. We’ve
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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 $1.2 billion in planned investments in Canada, the union said Monday. Negotiations with General Motors Co. will kick
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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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SHANGHAI — Visiting dealerships in China these days, you can’t help feeling a sense of euphoria. Even as COVID cases in the United States rise again, China’s automotive retail market is showing every indication that it is returning to a pre-pandemic reality. Take the cluster of dealerships on Wuzhong Road in southwest Shanghai. In February,
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Back in 1968, they called them “sporty,” but for the six pack of cars Motor Trend editors tested for the January 1968 issue—the Ford Mustang, Chevy Camaro, Plymouth Barracuda, Pontiac Firebird, AMC Javelin, and Mercury Cougar—muscle car is now the far more appropriate term. Interestingly, of the nameplates featured in the story we’ve pulled from
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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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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. The
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