The Truth About Cars » High Finance http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Thu, 05 May 2016 22:06:12 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.4 Volkswagen Isn’t Selling any Brands Just Yet, But it’s Still Their ‘Plan B’ http://www.thetruthaboutcars.com/2016/04/volkswagen-isnt-selling-any-brands-just-yet-but-it-remains-plan-b/ http://www.thetruthaboutcars.com/2016/04/volkswagen-isnt-selling-any-brands-just-yet-but-it-remains-plan-b/#comments Thu, 28 Apr 2016 15:30:39 +0000 http://www.thetruthaboutcars.com/?p=1333138 Rival automakers salivating at the thought of snapping up a castoff from Volkswagen’s brand portfolio will have to sit and wait. Amid grim fourth-quarter financial data and ongoing expenses linked to the diesel emissions scandal, the company is standing by its assets, but admits they might have to jettison some if unexpected expenses crop up. […]

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Rival automakers salivating at the thought of snapping up a castoff from Volkswagen’s brand portfolio will have to sit and wait. Amid grim fourth-quarter financial data and ongoing expenses linked to the diesel emissions scandal, the company is standing by its assets, but admits they might have to jettison some if unexpected expenses crop up. […]

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Some Good News for Volkswagen Owners’ Panicky Shareholders http://www.thetruthaboutcars.com/2016/04/some-good-news-for-volkswagen-owners-panicky-shareholders/ http://www.thetruthaboutcars.com/2016/04/some-good-news-for-volkswagen-owners-panicky-shareholders/#comments Mon, 25 Apr 2016 20:30:03 +0000 http://www.thetruthaboutcars.com/?p=1331234 After Volkswagen announced last week that it would cut dividends by 97 percent due to the financial fallout of the diesel emissions scandal, there’s a ray of light for those who have shares in the company’s owner. Porsche Automobil Holding SE, the investment vehicle of Volkswagen AG’s ultra-wealthy owner family, said it will front the […]

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After Volkswagen announced last week that it would cut dividends by 97 percent due to the financial fallout of the diesel emissions scandal, there’s a ray of light for those who have shares in the company’s owner. Porsche Automobil Holding SE, the investment vehicle of Volkswagen AG’s ultra-wealthy owner family, said it will front the […]

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GM Profits Soar, and Volkswagen is the Anti-GM http://www.thetruthaboutcars.com/2016/04/gm-profits-soar-and-volkswagen-is-the-anti-gm/ http://www.thetruthaboutcars.com/2016/04/gm-profits-soar-and-volkswagen-is-the-anti-gm/#comments Fri, 22 Apr 2016 20:00:43 +0000 http://www.thetruthaboutcars.com/?p=1330377 There’s happy faces inside the Renaissance Center today. General Motors saw its first-quarter pretax profit rise 28 percent, despite continuing trouble in foreign markets, Automotive News has reported. A net income of $1.95 billion means investors will reap $32.66 a share, a 1.5 percent increase. Revenue was up four percent in the first quarter, at $37.27 billion. […]

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There’s happy faces inside the Renaissance Center today. General Motors saw its first-quarter pretax profit rise 28 percent, despite continuing trouble in foreign markets, Automotive News has reported. A net income of $1.95 billion means investors will reap $32.66 a share, a 1.5 percent increase. Revenue was up four percent in the first quarter, at $37.27 billion. […]

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Volkswagen Fills its Scandal Jar With $18.2 Billion, Warns of Financial Pain Ahead http://www.thetruthaboutcars.com/2016/04/volkswagen-fills-its-scandal-jar-with-18-2-billion-warns-of-financial-pain-ahead/ http://www.thetruthaboutcars.com/2016/04/volkswagen-fills-its-scandal-jar-with-18-2-billion-warns-of-financial-pain-ahead/#comments Fri, 22 Apr 2016 16:15:46 +0000 http://www.thetruthaboutcars.com/?p=1330161 The heavy financial cost of Volkswagen’s diesel emissions scandal is becoming clear. After reaching a settlement yesterday with U.S. consumers and regulators, the automaker is more than doubling the size of its “make the problem go away” cash pile, Bloomberg is reporting. Volkswagen set aside 16.2 billion euros ($18.6 billion) today to deal with the scandal’s […]

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The heavy financial cost of Volkswagen’s diesel emissions scandal is becoming clear. After reaching a settlement yesterday with U.S. consumers and regulators, the automaker is more than doubling the size of its “make the problem go away” cash pile, Bloomberg is reporting. Volkswagen set aside 16.2 billion euros ($18.6 billion) today to deal with the scandal’s […]

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Tiny Vehicle’s Thirst Means a Supersized Headache for Mitsubishi http://www.thetruthaboutcars.com/2016/04/tiny-vehicles-thirst-means-a-supersized-headache-for-mitsubishi/ http://www.thetruthaboutcars.com/2016/04/tiny-vehicles-thirst-means-a-supersized-headache-for-mitsubishi/#comments Wed, 20 Apr 2016 16:00:15 +0000 http://www.thetruthaboutcars.com/?p=1328377 Mitsubishi Motors has some ‘splaining to do after fuel economy figures for its tiny overseas eK wagon were proven to be false. The automaker overstated gas mileage by five to 10 percent over the last three model years, Bloomberg reports, allowing the minicars to be classified as greener than they actually were. Powered by small-displacement […]

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Mitsubishi Motors has some ‘splaining to do after fuel economy figures for its tiny overseas eK wagon were proven to be false. The automaker overstated gas mileage by five to 10 percent over the last three model years, Bloomberg reports, allowing the minicars to be classified as greener than they actually were. Powered by small-displacement […]

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J.D. Power Bought by XIO Group; Deal Appears to Have High Initial Quality http://www.thetruthaboutcars.com/2016/04/j-d-power-bought-by-xio-group-deal-appears-to-have-high-initial-quality/ http://www.thetruthaboutcars.com/2016/04/j-d-power-bought-by-xio-group-deal-appears-to-have-high-initial-quality/#comments Sat, 16 Apr 2016 14:05:20 +0000 http://www.thetruthaboutcars.com/?p=1325762 J.D. Power and Associates is planning to put more of your possessions under the microscope, now that they’ve taken on new ownership in a deal worth $1.1 billion. Best known for its vehicle quality ratings, J.D. Power, a unit of McGraw Hill Financial Inc., was snapped up yesterday by London-based XIO Group, according to Reuters […]

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J.D. Power and Associates is planning to put more of your possessions under the microscope, now that they’ve taken on new ownership in a deal worth $1.1 billion. Best known for its vehicle quality ratings, J.D. Power, a unit of McGraw Hill Financial Inc., was snapped up yesterday by London-based XIO Group, according to Reuters […]

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Ferrari CEO to Depart; Marchionne to Create World’s Longest Business Card http://www.thetruthaboutcars.com/2016/04/ferrari-ceo-depart-marchionne-create-worlds-longest-business-card/ http://www.thetruthaboutcars.com/2016/04/ferrari-ceo-depart-marchionne-create-worlds-longest-business-card/#comments Tue, 12 Apr 2016 16:00:07 +0000 http://www.thetruthaboutcars.com/?p=1322634 Sergio Marchionne, wearer of many hats, appears poised to don yet another cappello. Following the departure of former Ferrari chairman Luca di Montezemolo, who high-tailed it in 2014 due to clashes with Marchionne over company strategy, Bloomberg is reporting that current Ferrari CEO Amedeo Felisa is planning to retire after the nomination of a new board […]

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Sergio Marchionne, wearer of many hats, appears poised to don yet another cappello. Following the departure of former Ferrari chairman Luca di Montezemolo, who high-tailed it in 2014 due to clashes with Marchionne over company strategy, Bloomberg is reporting that current Ferrari CEO Amedeo Felisa is planning to retire after the nomination of a new board […]

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Petition Demands That Sergio Spin Off Jeep in Order to Save It http://www.thetruthaboutcars.com/2016/04/petition-demands-sergio-spin-off-jeep-order-save/ http://www.thetruthaboutcars.com/2016/04/petition-demands-sergio-spin-off-jeep-order-save/#comments Sat, 09 Apr 2016 15:47:54 +0000 http://www.thetruthaboutcars.com/?p=1321018 A group of Jeep fans wants Fiat Chrysler Automobiles CEO Sergio Marchionne to make a Sophie’s Choice-style decision to save their beloved offroader. To avoid the destruction of the storied brand at the hands of its parent company, FCA must cast it loose, the group states in a strongly-worded Change.org petition. “As owners and fans of […]

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A group of Jeep fans wants Fiat Chrysler Automobiles CEO Sergio Marchionne to make a Sophie’s Choice-style decision to save their beloved offroader. To avoid the destruction of the storied brand at the hands of its parent company, FCA must cast it loose, the group states in a strongly-worded Change.org petition. “As owners and fans of […]

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Sausage Fight! Decadent Daimler Shareholders Tangle in Bratwurst Brouhaha http://www.thetruthaboutcars.com/2016/04/sausage-fight-decadent-daimler-shareholders-tangle-bratwurst-brouhaha/ http://www.thetruthaboutcars.com/2016/04/sausage-fight-decadent-daimler-shareholders-tangle-bratwurst-brouhaha/#comments Thu, 07 Apr 2016 12:30:41 +0000 http://www.thetruthaboutcars.com/?p=1319970 Sometimes, stereotypes exist for a reason. Things got heated yesterday at a Daimler AG shareholders meeting in Germany, where a fight broke out over lengthy, plump sausages, Bloomberg has reported. This, despite the fact the lucky shareholders were told they’d be receiving the biggest dividend in the company’s history — 3.25 euros ($3.70) per share. You’d […]

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Sometimes, stereotypes exist for a reason. Things got heated yesterday at a Daimler AG shareholders meeting in Germany, where a fight broke out over lengthy, plump sausages, Bloomberg has reported. This, despite the fact the lucky shareholders were told they’d be receiving the biggest dividend in the company’s history — 3.25 euros ($3.70) per share. You’d […]

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TTAC News Round-up: Ford Soothes Investors, Dodge Gets its DiCaprio Moment, and Kentucky Aims for Volkswagen’s Center Mass http://www.thetruthaboutcars.com/2016/03/ttac-news-round-ford-soothes-investors-dodge-gets-dicaprio-moment-kentucky-aims-volkswagens-center-mass/ http://www.thetruthaboutcars.com/2016/03/ttac-news-round-ford-soothes-investors-dodge-gets-dicaprio-moment-kentucky-aims-volkswagens-center-mass/#comments Wed, 23 Mar 2016 16:00:03 +0000 http://www.thetruthaboutcars.com/?p=1310346 Ford is doing so well, you’d be a damn fool to ever think of not investing in Ford, says Ford. That, hiring a crop of cranky old people paid off for Dodge, Kentucky joins the let’s-sue-Volkswagen party, Honda gets a Hoosier boost, and ethanol continues to suck … after the break! Big Blue isn’t leaking […]

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Ford is doing so well, you’d be a damn fool to ever think of not investing in Ford, says Ford. That, hiring a crop of cranky old people paid off for Dodge, Kentucky joins the let’s-sue-Volkswagen party, Honda gets a Hoosier boost, and ethanol continues to suck … after the break! Big Blue isn’t leaking […]

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TTAC News Round-up: Millennials Love Ford, Silverado Sprouts Cameras, and Chrysler Finds a Stash http://www.thetruthaboutcars.com/2016/03/ttac-news-round-millennials-love-ford-silverado-sprouts-cameras-chrysler-finds-stash/ http://www.thetruthaboutcars.com/2016/03/ttac-news-round-millennials-love-ford-silverado-sprouts-cameras-chrysler-finds-stash/#comments Thu, 17 Mar 2016 15:30:13 +0000 http://www.thetruthaboutcars.com/?p=1305753 Millennials are buying Ford SUVs like it’s going out of style, no doubt dismaying the friends who like to lecture people about their lifestyle on Facebook. That, Chevrolet offers a voyeur package for its full-side pickup, Fiat Chrysler Automobiles grabs a stack of cash with both hands, Mercedes-Benz gives its midsize SUV the AMG treatment, […]

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Millennials are buying Ford SUVs like it’s going out of style, no doubt dismaying the friends who like to lecture people about their lifestyle on Facebook. That, Chevrolet offers a voyeur package for its full-side pickup, Fiat Chrysler Automobiles grabs a stack of cash with both hands, Mercedes-Benz gives its midsize SUV the AMG treatment, […]

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Elio Motors Says It Will Sell 100 Pre-Production Prototypes to Fleets, Delays “Consumer” Production Till 2017 http://www.thetruthaboutcars.com/2016/03/elio-motors-says-will-will-sell-100-pre-production-prototypes-fleets-delays-consumer-production-till-2017/ http://www.thetruthaboutcars.com/2016/03/elio-motors-says-will-will-sell-100-pre-production-prototypes-fleets-delays-consumer-production-till-2017/#comments Mon, 14 Mar 2016 14:00:35 +0000 http://www.thetruthaboutcars.com/?p=1302609 In a move that has already generated criticism from disappointed deposit holders, Elio Motors announced that production of its enclosed tandem three-wheelers will be delayed, yet again, to an undisclosed date sometime in 2017. In a statement issued on Friday, Elio Motors said, “the bulk of the consumer launch will have to be moved into 2017 […]

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In a move that has already generated criticism from disappointed deposit holders, Elio Motors announced that production of its enclosed tandem three-wheelers will be delayed, yet again, to an undisclosed date sometime in 2017. In a statement issued on Friday, Elio Motors said, “the bulk of the consumer launch will have to be moved into 2017 […]

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Ford Creates a Spin-off of its Most Popular Show http://www.thetruthaboutcars.com/2016/03/ford-creates-a-spin-off-of-its-most-popular-show/ http://www.thetruthaboutcars.com/2016/03/ford-creates-a-spin-off-of-its-most-popular-show/#comments Sat, 12 Mar 2016 17:28:09 +0000 http://www.thetruthaboutcars.com/?p=1302561 Ford Motor Company has decided it wants to do more than just sell cars and trucks. On March 11, the automaker announced the creation of a new business subsidiary in the hopes of becoming a leader in the field of mobility services. Ford Smart Mobility LLC will be headed by former Steelcase CEO Jim Hackett, […]

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Ford Motor Company has decided it wants to do more than just sell cars and trucks. On March 11, the automaker announced the creation of a new business subsidiary in the hopes of becoming a leader in the field of mobility services. Ford Smart Mobility LLC will be headed by former Steelcase CEO Jim Hackett, […]

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TTAC News Round-up: Subaru Goes Beyond the Beige, Battery Battle at Porsche, and Tesla Confuses Economists http://www.thetruthaboutcars.com/2016/03/ttac-news-round-subaru-goes-beyond-beige-battery-battle-porsche-tesla-confuses-economists/ http://www.thetruthaboutcars.com/2016/03/ttac-news-round-subaru-goes-beyond-beige-battery-battle-porsche-tesla-confuses-economists/#comments Fri, 11 Mar 2016 16:59:58 +0000 http://www.thetruthaboutcars.com/?p=1302001 Subaru, worried that it might be losing its coolness, could be planning to rebel against its new-found mainstream image. That, Big Battery picks up steam, Tesla’s stock turbulence continues to amaze, NASCAR wants Millennials to watch a race, and Porsche thanks its lucky stars for SUVs … after the break! Maybe it’s not hip to […]

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Subaru, worried that it might be losing its coolness, could be planning to rebel against its new-found mainstream image. That, Big Battery picks up steam, Tesla’s stock turbulence continues to amaze, NASCAR wants Millennials to watch a race, and Porsche thanks its lucky stars for SUVs … after the break! Maybe it’s not hip to […]

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Elio Motors Stock Soars in Over-The-Counter Trading http://www.thetruthaboutcars.com/2016/03/elio-motors-stock-soars-counter-trading/ http://www.thetruthaboutcars.com/2016/03/elio-motors-stock-soars-counter-trading/#comments Tue, 01 Mar 2016 20:00:11 +0000 http://www.thetruthaboutcars.com/?p=1292954 (Caveat: I know nothing at all about stocks, bonds or other financial instruments.) After automotive startup Elio Motors raised approximately $17 million dollars in a Reg-A+ stock offering the company crowdsourced from small investors via StartEngine, it said its shares would be listed on the OTCQX exchange to provide those investors with liquidity. It’s probably too early to call Elio […]

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(Caveat: I know nothing at all about stocks, bonds or other financial instruments.) After automotive startup Elio Motors raised approximately $17 million dollars in a Reg-A+ stock offering the company crowdsourced from small investors via StartEngine, it said its shares would be listed on the OTCQX exchange to provide those investors with liquidity. It’s probably too early to call Elio […]

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Carl Icahn Wants It All http://www.thetruthaboutcars.com/2016/02/carl-icahn-wants/ http://www.thetruthaboutcars.com/2016/02/carl-icahn-wants/#comments Mon, 29 Feb 2016 19:00:02 +0000 http://www.thetruthaboutcars.com/?p=1292538 Billionaire businessman and activist investor Carl Icahn wants to snatch up the last bits of Federal-Mogul Holdings Corporation he doesn’t already own, Automotive News reports. The 80-year-old tycoon already owns an 82 percent share in the Southfield, Michigan-based global auto parts supplier, where he serves as chairman, but his recent offer of $7 a share […]

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Billionaire businessman and activist investor Carl Icahn wants to snatch up the last bits of Federal-Mogul Holdings Corporation he doesn’t already own, Automotive News reports. The 80-year-old tycoon already owns an 82 percent share in the Southfield, Michigan-based global auto parts supplier, where he serves as chairman, but his recent offer of $7 a share […]

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So Musk Now Owns 22 Percent of Tesla, But Does It Matter? http://www.thetruthaboutcars.com/2016/01/so-musk-now-owns-22-percent-of-tesla-but-does-it-matter/ http://www.thetruthaboutcars.com/2016/01/so-musk-now-owns-22-percent-of-tesla-but-does-it-matter/#comments Sat, 30 Jan 2016 19:10:31 +0000 http://www.thetruthaboutcars.com/?p=1276777 The automotive and tech blogs are aflutter Saturday with news that Elon Musk has gobbled up another chunk of Tesla stock — this time at a discount. Musk exercised and held a stock option this week that saw the multi-billionaire increase his ownership of Tesla Motors by 532,000 shares. In total, those shares are worth over $101 million […]

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The automotive and tech blogs are aflutter Saturday with news that Elon Musk has gobbled up another chunk of Tesla stock — this time at a discount. Musk exercised and held a stock option this week that saw the multi-billionaire increase his ownership of Tesla Motors by 532,000 shares. In total, those shares are worth over $101 million […]

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Ford Fueled Record Profits in 2015 With Truck Sales, China Surge http://www.thetruthaboutcars.com/2016/01/ford-fueled-record-profits-2015-truck-sales-china-surge/ http://www.thetruthaboutcars.com/2016/01/ford-fueled-record-profits-2015-truck-sales-china-surge/#comments Thu, 28 Jan 2016 18:00:15 +0000 http://www.thetruthaboutcars.com/?p=1274889 Ford announced Thursday that it had earned a record pre-tax profit of $10.8 billion for 2015 — including $2 billion in the fourth quarter — bolstered by pickup sales in the U.S. and strong growth in China. The record-setting year for the automaker wasn’t much of a surprise — second- and third-quarter results set records […]

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Ford announced Thursday that it had earned a record pre-tax profit of $10.8 billion for 2015 — including $2 billion in the fourth quarter — bolstered by pickup sales in the U.S. and strong growth in China. The record-setting year for the automaker wasn’t much of a surprise — second- and third-quarter results set records […]

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Jeep Pickup, Jeep Compass and Jeep Renegade: All The Things We’ll Probably Hear Tomorrow from Sergio http://www.thetruthaboutcars.com/2016/01/jeep-pickup-jeep-compass-jeep-renegade-things-well-probably-hear-tomorrow-sergio/ http://www.thetruthaboutcars.com/2016/01/jeep-pickup-jeep-compass-jeep-renegade-things-well-probably-hear-tomorrow-sergio/#comments Tue, 26 Jan 2016 20:00:18 +0000 http://www.thetruthaboutcars.com/?p=1273841 On Wednesday, Fiat Chrysler Automobiles CEO Sergio Marchionne will update investors on his long-term plans and fourth-quarter profits — namely, how many Jeeps it sold — during his scheduled earnings conference call. It’s widely expected that Sergio will address the near-certainty that Jeep will build a pickup based on the Wrangler, as well as the […]

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On Wednesday, Fiat Chrysler Automobiles CEO Sergio Marchionne will update investors on his long-term plans and fourth-quarter profits — namely, how many Jeeps it sold — during his scheduled earnings conference call. It’s widely expected that Sergio will address the near-certainty that Jeep will build a pickup based on the Wrangler, as well as the […]

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TTAC News Round-up: Investors Latest Headache for Volkswagen, New E-Class From $50K, and Dealers Surprised That You’re Surprised http://www.thetruthaboutcars.com/2016/01/ttac-news-round-investors-latest-headache-volkswagen-new-e-class-50k-dealers-surprised-youre-surprised/ http://www.thetruthaboutcars.com/2016/01/ttac-news-round-investors-latest-headache-volkswagen-new-e-class-50k-dealers-surprised-youre-surprised/#comments Mon, 18 Jan 2016 17:00:48 +0000 http://www.thetruthaboutcars.com/?p=1269257 Investors say Volkswagen should have told the world they were cheating earlier because then they could have bought more Apple stock. That, Mercedes-Benz prices new E-Class in Europe, BMW’s bigger i3 battery and Jeep soars in Europe … after the break! Investors lining up to sue Volkswagen in Germany Large shareholders of Volkswagen are considering a […]

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Investors say Volkswagen should have told the world they were cheating earlier because then they could have bought more Apple stock. That, Mercedes-Benz prices new E-Class in Europe, BMW’s bigger i3 battery and Jeep soars in Europe … after the break! Investors lining up to sue Volkswagen in Germany Large shareholders of Volkswagen are considering a […]

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TTAC News Round-up: Infamous GM Engineer Speaks, You Only Get One With Dinner, and Hydrogen’s Hedged Bet http://www.thetruthaboutcars.com/2016/01/ttac-news-round-up-infamous-gm-engineer-speaks-you-only-get-one-with-dinner-and-hydrogens-hedged-bet/ http://www.thetruthaboutcars.com/2016/01/ttac-news-round-up-infamous-gm-engineer-speaks-you-only-get-one-with-dinner-and-hydrogens-hedged-bet/#comments Sat, 16 Jan 2016 16:04:45 +0000 http://www.thetruthaboutcars.com/?p=1268041 The man in the middle of GM’s faulty ignition switch has finally spoken, and the word “mistake” came up at least twice. That, does anyone have the number for Google, GM and Honda may join forces, and take a cab … after the break! Former GM engineer says ‘mistakes were made’ in faulty switch The engineer at […]

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The man in the middle of GM’s faulty ignition switch has finally spoken, and the word “mistake” came up at least twice. That, does anyone have the number for Google, GM and Honda may join forces, and take a cab … after the break! Former GM engineer says ‘mistakes were made’ in faulty switch The engineer at […]

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Report: Ford Building New Auto Plant in Mexico http://www.thetruthaboutcars.com/2016/01/report-ford-building-new-auto-plant-mexico/ http://www.thetruthaboutcars.com/2016/01/report-ford-building-new-auto-plant-mexico/#comments Fri, 15 Jan 2016 16:05:26 +0000 http://www.thetruthaboutcars.com/?p=1267609 Ford will announce plans early this year to build a new plant in Mexico, Reuters reported Thursday. The $1.5 billion plant will produce 350,000 cars annually and could eventually produce the new Focus after production of that car leaves Ford’s Wayne, Michigan plant in 2018. Ford didn’t comment on the report. Reuters said Mexican officials with knowledge of […]

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Ford will announce plans early this year to build a new plant in Mexico, Reuters reported Thursday. The $1.5 billion plant will produce 350,000 cars annually and could eventually produce the new Focus after production of that car leaves Ford’s Wayne, Michigan plant in 2018. Ford didn’t comment on the report. Reuters said Mexican officials with knowledge of […]

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GM’s Online Sales Program Isn’t Direct-sale, But It Is Pretty Clever http://www.thetruthaboutcars.com/2016/01/gms-online-sales-program-isnt-direct-sale-pretty-clever/ http://www.thetruthaboutcars.com/2016/01/gms-online-sales-program-isnt-direct-sale-pretty-clever/#comments Thu, 14 Jan 2016 21:00:29 +0000 http://www.thetruthaboutcars.com/?p=1267009 General Motors will sell highly coveted lease returns and company cars online starting next month through a program called the Factory Pre-owned Collection. The program, which we’ve covered briefly, will sell lease returns and company cars through an online portal that makes those cars available nationwide. GM said its inventory would be roughly 30,000 cars, which all […]

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General Motors will sell highly coveted lease returns and company cars online starting next month through a program called the Factory Pre-owned Collection. The program, which we’ve covered briefly, will sell lease returns and company cars through an online portal that makes those cars available nationwide. GM said its inventory would be roughly 30,000 cars, which all […]

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TTAC News Round-up: Investors Pump the Brakes, Daimler’s Dig, and Chapo’s Crapwagon http://www.thetruthaboutcars.com/2016/01/ttac-news-round-investors-pump-brakes-daimlers-dig-chapos-crapwagon/ http://www.thetruthaboutcars.com/2016/01/ttac-news-round-investors-pump-brakes-daimlers-dig-chapos-crapwagon/#comments Thu, 14 Jan 2016 18:09:07 +0000 http://www.thetruthaboutcars.com/?p=1266585 Investors aren’t necessarily drinking automakers’ Kool-Aid that 2016 will be full of beer and Skittles. That, the China-made Cadillac CT6 that’ll eventually get here, El Chapo’s cheapo getaway car and General Motors’ questions get down and dirty … after the break! Investors aren’t embracing automakers’ continued enthusiasm Even though automakers are boasting fatter bottom lines […]

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Investors aren’t necessarily drinking automakers’ Kool-Aid that 2016 will be full of beer and Skittles. That, the China-made Cadillac CT6 that’ll eventually get here, El Chapo’s cheapo getaway car and General Motors’ questions get down and dirty … after the break! Investors aren’t embracing automakers’ continued enthusiasm Even though automakers are boasting fatter bottom lines […]

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Dealer Accuses Fiat Chrysler of Falsifying Sales http://www.thetruthaboutcars.com/2016/01/dealer-accuses-fiat-chrysler-falsifying-sales/ http://www.thetruthaboutcars.com/2016/01/dealer-accuses-fiat-chrysler-falsifying-sales/#comments Thu, 14 Jan 2016 16:14:17 +0000 http://www.thetruthaboutcars.com/?p=1266201 An Illinois dealer said in a lawsuit filed Tuesday that Fiat Chrysler Automobiles, through its regional sales offices, was intimidating and bribing dealers to report bogus sales at the end of the month to reach inflated sales targets. Automotive News reported first on the lawsuit. The lawsuit filed by dealers of the Napleton Automotive Group accuses […]

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An Illinois dealer said in a lawsuit filed Tuesday that Fiat Chrysler Automobiles, through its regional sales offices, was intimidating and bribing dealers to report bogus sales at the end of the month to reach inflated sales targets. Automotive News reported first on the lawsuit. The lawsuit filed by dealers of the Napleton Automotive Group accuses […]

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