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Ford's $500M investment in Rivian to yield new electric vehicle

Ford plans to build a battery EV using Rivian’s flexible skateboard platform. The move comes weeks after talks between Rivian and General Motors reportedly broke down.

Source: https://www.autonews.com/automakers-suppliers/fords-500m-investment-rivian-yield-new-electric-vehicle

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Ford's $500 million investment in Rivian to yield new electric vehicle

Ford plans to build a battery EV using Rivian’s flexible skateboard platform. The move comes weeks after talks between Rivian and General Motors reportedly broke down.

Source: https://www.autonews.com/automakers-suppliers/fords-500-million-investment-rivian-yield-new-electric-vehicle

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Tesla says it'll offer lower-priced Model S, Model X

Tesla said it is reintroducing standard models of the Model S and Model X that have shorter driving ranges than other versions.

Source: https://www.autonews.com/retail/tesla-says-itll-offer-lower-priced-model-s-model-x

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Tesla troubles expected to grow with Q1 report

Tesla's first-quarter financial forecast have been lowered sharply by analysts in recent weeks, especially after disappointing delivery numbers were announced earlier this month.

Source: https://www.autonews.com/automakers-suppliers/tesla-troubles-expected-grow-q1-report

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U.S. car tariffs alone would have limited impact on EU, central bank says

The immediate impact of such levies would be small even though escalating trade tensions could have grave consequences for the global economy, a study concludes.

Source: https://www.autonews.com/automakers-suppliers/us-car-tariffs-alone-would-have-limited-impact-eu-central-bank-says

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BMW to buy cobalt direct from Australia, Morocco for EV batteries

Andreas Wendt, BMW board member responsible for procurement, said the new supply of cobalt would be used in the carmaker's next generation of EVs in 2020.

Source: https://www.autonews.com/automakers-suppliers/bmw-buy-cobalt-direct-australia-morocco-ev-batteries

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JLR leans on U.S. amid China slump, Brexit turmoil

The automaker is betting on continued demand for utilities to maintain U.S. growth, even as the automaker faces headwinds in the U.K. and in China.

Source: https://www.autonews.com/automakers-suppliers/jlr-leans-us-amid-china-slump-brexit-turmoil

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Hyundai returns to earnings growth as U.S. sales offset China slump

Hyundai increased its profit for the first time in six quarters, helped by strong demand for SUVs and decreasing incentive spending in the U.S.

Source: https://www.autonews.com/automakers-suppliers/hyundai-returns-earnings-growth-us-sales-offset-china-slump

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Hyundai returns to earnings growth as S. Korea, U.S. sales offset China slump

Hyundai increased its profit for the first time in six quarters, helped by strong demand for SUVs and decreasing incentive spending in the U.S.

Source: https://www.autonews.com/automakers-suppliers/hyundai-returns-earnings-growth-s-korea-us-sales-offset-china-slump

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Nissan profit to drop below Renault's for first time in decade

Nissan is on track to miss its full-year profit goal, earning less than alliance partner Renault for the first time in a decade and underscoring the challenges the companies face in charting a post- Carlos Ghosn future.

  Source: https://www.autonews.com/automakers-suppliers/nissan-profit-drop-below-renaults-first-time-decade

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Nissan slashes profit outlook to near-decade low

Nissan expects operating profit for the year ended March to drop 45 percent, its lowest in nearly a decade, due to weakness in the United States and the departure of former Chairman Carlos Ghosn.

  Source: https://www.autonews.com/automakers-suppliers/nissan-slashes-profit-outlook-near-decade-low

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Hyundai profit jumps 24% as S. Korea, U.S. sales offset China slump

Hyundai Motor reported a 24 percent jump in quarterly net profit as improved business at home and the United States helped offset weaker sales in China.

Source: https://www.autonews.com/automakers-suppliers/hyundai-profit-jumps-24-s-korea-us-sales-offset-china-slump

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Hyundai promotes China designer to global role in Seoul

Simon Loasby takes over as head of the styling group at the Hyundai Design Center.

Source: https://www.autonews.com/executives/hyundai-promotes-china-designer-global-role-seoul

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Webasto plans $48 million roof systems operation near Detroit

Webasto's roof systems project is expected to create 441 new jobs and is supported by a $2.7 million grant from the state and a local property tax abatement.

Source: https://www.autonews.com/suppliers/webasto-plans-48-million-roof-systems-operation-near-detroit

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Asbury's Q1 net income rises despite lower new-car margins

Gains in parts and service, used-vehicle sales and F&I income boosted Asbury Automotive's net income in the first quarter despite several tough headwinds. 

Source: https://www.autonews.com/dealers/asburys-q1-net-income-rises-despite-lower-new-car-margins

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Asbury's net income rises despite lower new-car margins, higher floorplan costs

Gains in parts and service, used-vehicle sales and finance-and-insurance income boosted Asbury Automotive Group Inc.'s net income in the first quarter despite tighter new-vehicle margins, slipping same-store sales and a dramatic jump in floorplanning costs.

Source: https://www.autonews.com/dealers/asburys-net-income-rises-despite-lower-new-car-margins-higher-floorplan-costs

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Ex-Tesla engineer takes over as CEO of EV challenger Lucid

Peter Rawlinson, who was chief engineer of the Model S when he worked for Tesla, has long been the public face of Lucid. Now he's the CEO.

Source: https://www.autonews.com/executives/ex-tesla-engineer-takes-over-ceo-ev-challenger-lucid