Delphi looking for acquisition of $1 billion-$3 billion, CEO says

DETROIT (Reuters) -- Delphi Automotive CEO Kevin Clark said the company could spend $1 billion to $3 billion this year on a large acquisition related to its traditional "hardware" business and will make smaller investments in software.

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Delphi looking for acquisition of $1-3 billion, CEO says

DETROIT (Reuters) -- Delphi Automotive CEO Kevin Clark said the company could spend $1 billion to $3 billion this year on a large acquisition related to its traditional "hardware" business and will make smaller investments in software.

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GM Canada to cut about 1,000 jobs at Oshawa plant

GM will eliminate one shift at its Oshawa, Ontario, assembly plant in November, the company said today, cutting about 1,000 jobs as it makes production changes that were announced in 2012.

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Are automakers addicted to in-car features overload?

Automakers are confusing customers by overloading vehicles with an array of infotainment features, many of which are never used.

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Delphi looking for software supplier acquisition of $1-3 billion, CEO says

Delphi Automotive CEO Kevin Clark said the company will likely spend $1 billion to $3 billion this year on a large acquisition related to software to enhance vehicle connectivity.

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Aluminum castings supplier Sakthi plans $31.9 million expansion in Detroit

Aluminum castings supplier Sakthi Automotive Group USA is planning a $31.9 million expansion of its plant in Detroit.

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Delphi looking for acquisition of up to $2 billion, CEO says

Delphi Automotive would consider an acquisition of as much as $2 billion in value and is actively looking at such deals, CEO Kevin Clark told Bloomberg today in an interview.

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Aston Martin secures funds to build DBX crossover

Aston Martin Lagonda is set to receive more than $300 million for the development of its groundbreaking DBX crossover and other vehicles that fall outside its traditional sports car bent.

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BorgWarner Q1 net income rises 12.5% but revenue falls 4.8% on currency exchanges

BorgWarner Inc., the supplier known for its turbochargers and emission systems, said its first-quarter net income increased 12.5 percent from 2014 to $178.9 million, while its quarterly revenue sank 4.8 percent to $1.98 billion.

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BorgWarner 1st-quarter net income rises 12.5% but revenue falls 4.8% on currency exchanges

BorgWarner Inc., the supplier known for its turbochargers and emission systems, said its first-quarter net income increased 12.5 percent from 2014 to $178.9 million, while its quarterly revenue sank 4.8 percent to $1.98 billion.

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GM to spend $5.4 billion on U.S. plant upgrades over 3 years

General Motors said today it will invest $5.4 billion in upgrades to its US manufacturing plants over the next three years, creating 650 new jobs.

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Delphi posts small gain in Q1 operating income

Delphi Automotive said its first-quarter operating income rose slightly from last year, but one-time charges and adjustments caused net income to fall. Revenue fell 2.6 percent to $3.80 billion.

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How Hummer maker, Mercedes came together

Production of the Mercedes-Benz R class will begin on the line that once made Hummer H2s for General Motors, just a stone's throw from where AM General builds light tactical military vehicles for the U.S. and other governments.

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Almost half of U.S. vehicles aren't covered under existing safety regulations

Hundreds of crashes involving defective cars are going unreported each year because under federal safety rules automakers aren't required to report suspicious accidents for models more than 10 years old.

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Honda hopes HR-V is better late than never

Honda's all-new HR-V is showing up to the party later than expected, but that hasn't dimmed the automaker's high hopes for the subcompact crossover.

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GM to invest billions of dollars in U.S. plants, report says

General Motors on Thursday will unveil multibillion-dollar, multiyear investments in several US manufacturing plants in a move to boost production and vehicle quality, a person familiar with the matter told Reuters.

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Francois Michelin dies at age 88

Francois Michelin, who headed the French tire giant that bears his family name for 47 years, died today at age 88.

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Cadillac prices CTS-V about $10K below rivals

Cadillac said today that its track-ready 2016 CTS-V sedan will start at $83,995 when it goes on sale in late summer.

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Marchionne argues if automakers won't consolidate, the market should make them

Sergio Marchionne argued today that major automakers need to stop wasting billions developing the same products and start working together.

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He's sold boxing champ Floyd Mayweather 39 cars #8230; and counting

Obi Okeke has sold 39 cars to welterweight champ Mayweather, including a $3.2 million Ferarri Enzo and three Bugatti Veyrons that are worth $6.2 million combined.

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Supplier price-fixing civil settlements top $260M

Civil settlements recently have exceeded $260 million in federal litigation stemming from the ongoing US criminal antitrust investigation into supplier price fixing.

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Rosekind to talk safety with auto execs in Detroit

The top federal auto safety official is traveling to Detroit Wednesday for a series of meetings with automotive CEOs and executives to discuss his agency's safety expectations.

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Ford's latest recalls include first on new F-150, Edge

Ford launched four recalls totaling 591,000 vehicles today in North America, including the first on the redesigned F-150 and Edge and the ninth on the 2014 Escape.

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Francois Michelin dies at age 89

Francois Michelin, head of the company that bears his family name for 47 years, died today at age 89.

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Fiat Chrysler swings to Q1 profit on N.A. strength

Fiat Chrysler Automobiles reported net income of 92 million euros ($101 million) in the first quarter as strong performance in North America offset a steep decline in Latin America.

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