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• 05.03.12
  GM Reports $1-billion in First Quarter Earnings
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  The latest auto car news written in the Todd Lassa reports... DETROIT – General Motors earned a first-quarter 2012 net profit of $1 billion, or 60-cents per fully diluted share. The rebuilt world’s largest automaker said Q1’s revenues were up 4 percent, to $37.8 billion, versus $36.2 billion a year earlier. First-quarter ‘11 net earnings were higher, however, due to the special onetime sale of GM’s [...]
  
  
• 04.11.12
  GM Warren Tech Center Explosion Sends One to Hospital, Not Volt-Related, GM Says
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  The latest auto car news written in the Todd Lassa reports... WARREN, MICHIGAN – An explosion in one of the laboratories at the Alternative Energy Center in the General Motors Technical Center sent one worker to hospital Wednesday morning. Medical emergency personnel evacuated a total of five employees from the facility after the explosion, which occurred about 8:45 a.m. GM says it has accounted for all [...]
  
  
• 04.04.12
  2012 New York: 2013 Lincoln MKZ Sedan Debuts, Looks Spectacular
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  The latest auto car news written in the Todd Lassa reports... Ford Motor Company’s product cadence is serving it well when it comes to separating Lincoln and Ford brand cars on the same platform. The new Lincoln MKZ and Ford Fusion both go on sale this fall, so the more expensive Lincoln version gets all the technical goodies of the Ford version plus Lincoln’s new 24/7 [...]
  
  
• 04.01.12
  Chevrolet Volt Recalled for Defective Fox Channel on XM
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  The latest auto car news written in the Todd Lassa reports... DETROIT – General Motors is investigating complaints that XM radios installed in Chevrolet Volts do not pick up the satellite radio service’s Fox station. The complaints apparently stem from loyal Fox News audience who say the news channel’s audio broadcast on XM station 114 cannot be heard on their politically controversial extended-range electric cars’ radios. [...]
  
  
• 03.23.12
  Automated Volkswagen Passat with Continental Tech Clocks 6544 Miles Through Nevada
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  The latest auto car news written in the Todd Lassa reports... BRIMLEY, Michigan – Tucked away in a garage at Continental’s winter testing facility near Sault Saint Marie is a Volkswagen Passat that drove itself much of the 2500 miles from sunny Las Vegas. It made that automated – not autonomous – drive along Las Vegas Boulevard, on rural roads and on freeways with an alert [...]
  
  
• 03.14.12
  Has Chevrolet Just Confirmed a Civilian Caprice PPV for 2013?
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  The latest auto car news written in the Todd Lassa reports... DETROIT – Chevrolet announced late Tuesday that it will replace its Impala NASCAR Sprint Cup Series racecar with an all-new model. Both the Cup car and a street version are scheduled to make their debuts in 2013. A Chevy spokesman says the announcement is designed to confirm that the brand would move its NASCAR Cup racer [...]
  
  
• 02.29.12
  GM, PSA Peugeot Citroen Form Global Platform Sharing Alliance
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  The latest auto car news written in the Todd Lassa reports... General Motors is buying 7 percent of PSA Peugeot Citroen stock to become its second-largest shareholder, and the two will develop a parts and components purchasing alliance that will save $2 billion per year combined within five years. They will share b-car (subcompact), d-car (midsize) platforms, SUV, and crossover platforms. PSA won’t jeopardize its diesel-engine [...]
  
  
• 02.16.12
  Opel/Vauxhall Drags Down GM’s 2011 Net Profit: $7.6 billion
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  The latest auto car news written in the Todd Lassa reports... DETROIT – General Motors reported net income of $7.6 billion in 2011, a record for the automaker, but short of Wall Street expectations as its European operations continue to be a drag. GM isn’t alone. Car sales in the European Union have slid as the region’s financial crisis drags on. Chrysler, which posted $183 million [...]
  
  
• 02.08.12
  2012 Chicago: 2013 Hyundai Elantra Coupe, GT Grow Elantra Footprint
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  The latest auto car news written in the Todd Lassa reports... The new 2013 Hyundai Elantra Coupe and Elantra GT unveiled at the 2012 Chicago Auto Show will help the Hyundai compact list consistently in the top five among c-segment cars sold in the U.S. Even with supply issues connected to Japan’s and Thailand’s natural disasters last year, Honda Civic sales topped the Hyundai Elantra by 34,874 units. The [...]
  
  
• 01.27.12
  Ford Makes $8.8 Billion Pre-Tax in 2011; $20.3 Billion Net
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  The latest auto car news written in the Todd Lassa reports... DEARBORN, MICHIGAN – Ford Motor Company made net income of $20.26 billion in 2011 thanks to a one-time “special item” accounting procedure. That comes to $4.94 per share. Strip that away and the Blue Oval’s ’11 net pre-tax profit was a healthy $8.8 billion. That’s up from $8.3 billion in 2010, and with a ’11 [...]
  
  

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