Wednesday, October 30, 2024

VW's Q3 profits plunge 42% | Stellantis toys with gasoline-to-electric conversion | Former GM designer sues over firing | Kia loses bid to dismiss lawsuit over service plan

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Wednesday, October 30, 2024

VW posts its lowest profit margin since pandemic times

VW says the results reinforce its case for drastic measures in Germany, where labor leaders are resisting the potential closure of at least three factories and the elimination of thousands of jobs. The company is also looking to reduce wages by 10 percent.

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Stellantis toys with gasoline-to-electric conversion with Plymouth GTX inspired concept bound for SEMA

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Former GM designer says firing was retaliatory, files federal lawsuit

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All eyes should be on fixed ops heading into Q4 and 2025

New car sales are facing a series of challenges as consumers battle everything from extreme weather to simply determining how much car they can afford.

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Ahead of Fed Nov. decision, auto lenders say more rate cuts would help demand

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Siemens nears deal to buy $9B automotive software developer Altair, report says

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EU presses ahead with steep tariffs on Chinese EVs

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Cadillac confirms high-powered V-Series coming to Lyriq EV

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Stellantis sues Brose as battle with auto suppliers expands

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Ford earnings highlight cost issues

Automotive News Staff Reporter Michael Martinez breaks down Ford's third-quarter earnings results. UAW workers will vote on a strike authorization at GM's Fort Wayne plant. Plus, Polestar says Biden's China tech ban would effectively prohibit sales of its cars in the U.S.

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