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In this July 31, 2019, photo, people walk past a Honda car on display at Honda Motor Co. headquarters in Tokyo. Japanese automaker Honda reported Friday, Aug. 2, a 29% decline in fiscal first quarter profit as an unfavorable currency exchange and declining auto sales in the U.S. and India hurt earnings. (AP Photo/Koji Sasahara)
August 02, 2019 - 3:31 am

Toyota profits up, Honda's down, both lower annual forecasts

TOKYO (AP) — Toyota reported a nearly 4% increase in fiscal first quarter profit on improved sales, while rival Honda reported a 29% decline in fiscal first quarter profit. Both Japanese automakers on Friday lowered their profit forecasts for the fiscal year, blaming an unfavorable foreign exchange...
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July 15, 2019 - 11:49 pm

Jury says Toyota must pay $16M in dealer recall lawsuit

SANTA ANA, Calif. (AP) — Toyota has been ordered to pay nearly $16 million to a Southern California dealer who alleged the company's Prius recalls didn't fix safety problems. The Los Angeles Times says an Orange County jury decided Monday that Toyota had breached "good faith and fair dealing" with...
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Jeep vehicles are parked outside the Jefferson North Assembly Plant in Detroit, Tuesday, Feb. 26, 2019. Fiat Chrysler announced plans on Tuesday for a new Jeep factory, the city's first new auto plant in a generation, as part of a $4.5 billion manufacturing expansion in southeast Michigan. FCA said it would convert the Mack Avenue Engine factory to an assembly plant for the next-generation Jeep Grand Cherokee and make an investment at Jefferson North Assembly Plant to retool and modernize the factory for continued production of the Dodge Durango. (AP Photo/Carlos Osorio)
February 26, 2019 - 7:06 pm

Fiat Chrysler: $4.5B plan would add 6,500 Detroit-area jobs

DETROIT (AP) — Fiat Chrysler on Tuesday announced a $4.5 billion plan that includes building the first new auto assembly plant in Detroit in almost three decades and increasing its workforce in the area by about 6,500 jobs, an investment officials touted as an uncommon opportunity to revive the...
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November 06, 2018 - 12:31 am

Toyota quarterly profit rises on growing sales, cost cuts

TOKYO (AP) — Toyota Motor Corp. has raised its earnings forecast after reporting that its profit surged 28 percent in the last quarter on growing sales and cost cuts. The top Japanese automaker said Tuesday that its July-September profit was 585.1 billion yen ($5.2 billion), up from 458.3 billion...
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September 23, 2018 - 4:28 am

Germany's Porsche says it won't produce new diesel models

BERLIN (AP) — Porsche's chief executive says the sports car maker won't produce any new diesel models in the wake of parent company Volkswagen's diesel emissions scandal. CEO Oliver Blume told Sunday's Bild am Sonntag newspaper that, although Porsche itself never developed and produced diesel...
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FILE- In this Jan. 11, 2018, file photo, cars pass the Queensboro Bridge in New York. The Trump administration is citing safety to justify freezing gas mileage requirements. A draft of a regulation prepared this summer would freeze an Obama-era program to improve fuel efficiency and cut pollution. (AP Photo/Frank Franklin II, File)
August 03, 2018 - 5:47 pm

EPA proposes loosening gas mileage standards; many states object to changes

DETROIT (AP) — For all the drama surrounding the Trump administration's attempt to undo Obama-era fuel economy requirements, automakers are likely to stick to them until they get some answers. The administration on Thursday unveiled plans to freeze the requirements at 2020 levels through 2026,...
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A visitor walks through a Toyota showroom in Tokyo Friday, Aug. 3, 2018. Toyota Motor Corp. has reported its quarterly profit climbed 7.2 percent, helped by strong sales in the U.S. and other overseas markets. (AP Photo/Eugene Hoshiko)
August 03, 2018 - 2:02 am

Toyota logs record 1Q profit, cuts full year sales outlook

TOKYO (AP) — Toyota Motor Corp. has reported its quarterly profit climbed 7.2 percent, helped by strong sales in the U.S. and other overseas markets. The maker of the Camry sedan, Prius hybrid and Lexus luxury models said Friday that its April-June net profit was 657.3 billion yen ($5.9 billion),...
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