California's latest self-driving report card signals long road ahead

Companies piloting self-driving vehicles on California streets have provided state regulators a peek into the latest inner workings of their real-world tests.

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California's latest self-driving report signals long road ahead

Companies piloting self-driving vehicles on California streets have provided state regulators a peek into the latest inner workings of their real-world tests.

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J.D. Power's 2016 sale to Chinese firm shrouded in mystery, report says

A month into its plan to sell J.D.

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Ex-UAW VP Norwood Jewell implicated in UAW-FCA scandal

Former UAW Vice President Norwood Jewell, who headed the most recent round of contract negotiations with FCA US, has been implicated in the widening, multimillion-dollar corruption scandal involving the union and Fiat Chrysler.

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Toyota to recall 49,000 Prius and Lexus vehicles in U.S.

Toyota Motor North America is recalling nearly 49,000 vehicles in the U.S. over an electrical issue that could prevent airbags from deploying in the event of a crash.

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ZF names Wolf-Henning Scheider as CEO

ZF Friedrichshafen, in a widely expected move, named Robert Bosch's former automotive division head, Wolf-Henning Scheider, as its new CEO, effective Feb. 1.

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GM Financial customer accounts disrupted after computer upgrade

GM Financial experienced servicing issues this month, including overcharging and undercharging customers and intermittent phone problems, Automotive News has learned.

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Why investors can't get enough Tesla car bonds

Days after Elon Musk put 20,000 flamethrowers on sale to help pay for his proposed transportation tunnels, investors are clamoring to get their hands on a more conventional source of funds for Tesla.

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Ally Q4 net income takes 27% hit as tax expense dents profits

Ally Financial's fourth-quarter net income took a hit as the lender absorbed a multimillion-dollar tax expense prompted by late-year changes to the U.S. tax code. Overall, Ally expects to boost its bottom line with tax-related savings in 2018.

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CFPB wins appeals court ruling on independence

The Consumer Financial Protection Bureau regained a measure of independence when a federal appeals court said the president's power to remove the agency's head is limited to specific reasons.

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Ford's late arrival to U.S. subcompact crossover segment symbolic of CEO's need to overhaul

To understand why CEO Jim Hackett is urgently overhauling Ford, look no further than the surging subcompact crossover segment.

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Wells Fargo, seeking fresh start, renames beleaguered auto unit

Wells Fargo is renaming its auto-loan business a year after it was beset by regulatory scandals and operational hurdles.

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Underwater on your trade-in? No problem, auto lenders say

A growing share of the trade-ins that U.S. auto dealers and lenders accept for car-purchase financing are worthless on paper, a sign that banks and finance companies are making riskier loans to keep up revenue as vehicle sales slow.

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No Audi, but a quattro-like freeride skier

Audi partners with a freeride skiing expert and transports him to new locations in the newest video to join our charts.

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Ally Q4 net income takes 27% as tax expense dents profits

Ally Financial's fourth-quarter net income took a hit as the lender absorbed a multimillion-dollar tax expense prompted by late-year changes to the U.S. tax code. Overall, Ally expects to boost its bottom line with tax-related savings in 2018.

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Robert Bosch employees investigated in Chrysler diesel-emissions probe

The Stuttgart prosecutor's office said two employees of Bosch were being investigated on suspicion of aiding fraud, as part of a wider probe into Chrysler diesel emissions in the United States.

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Ford credit rating threatened by negative Moody's outlook

Nearly six years after Ford reclaimed its good name in the credit community, the automaker was put on notice when Moody's signaled its investment-grade rating could again be at risk.

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Auto recalls cost grew 26% to $22 billion in 2016

A new study highlighting the flurry of U.S. automotive recalls asserts that automakers and suppliers remain focused on innovation and cost cuts while vehicle quality takes a hit.

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January U.S. auto sales on similar pace as a year ago

U.S. new-vehicle sales this month, fueled by higher incentives, are expected to roughly match the levels of January 2017, but the selling rate is projected to decline as the industry prepares for a second straight year of lower volume.

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Auto emissions rules help spur reinvestment in manufacturing

Supporters of maintaining stringent auto emissions standards are trying to couch the issue in economic terms to convince policymakers the regulations have broad benefits.

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Honda revives Passport name

Honda is reviving the Passport nameplate for a new crossover to be slotted between the CR-V and Pilot, according to people familiar with the plans.

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TourX: Why not a Buick Regal wagon?

Buick does not refer to its 2018 Regal TourX as a wagon, despite it clearly being a wagon.

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Tailgate thefts on decline, report shows

Tailgate thefts reported to insurance companies across the U.S. declined 5 percent in 2017, a report shows, although it's unclear how many such thefts go unreported.

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VW suspends chief lobbyist over diesel fume tests

VW suspended chief lobbyist Thomas Steg. He is the first executive who has been linked to a controversial experiment on monkeys that German politicians quickly condemned as "despicable."

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Faraday sues ex-execs for alleged trade secrets theft

Electric carmaker Faraday Future is suing a startup founded by its former chief financial and technology officers for allegedly poaching talent and stealing valuable intellectual property.

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