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Sony-Honda venture cancels two planned models, the first of which had been pegged for a mid-2026 California delivery debut. The brand’s direct sales had been challenged by the state’s auto dealers, but the venture cites Honda’s EV retreat.
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LMP Automotive Holdings Inc. plans to terminate seven pending purchases of many auto dealerships due to an inability to secure financial commitments.
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Volkswagen plans to decide on location for new plant and increase production output in the second half of 2022, reports company officials.
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The rate of week-over-week declines has accelerated, exceeding the typical seasonal expectations for this time of year.
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Tesla’s Model Y could overtake BMW as the top-selling luxury model when its plant opens in Texas.
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The auto retailer reports sales jumped 34% in the fourth quarter and soared 51% for the year.
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Tight supply and lower production helps the companies sell vehicles with fewer financial incentives than they traditionally offer.
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GM entered a deal with semiconductor chip manufacturers to keep its North American assembly lines in production.
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Nissan Motor Co. Ltd. plans to stop developing new internal combustion engines except in the U.S.
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GM reported a net profit of $10 billion for 2021 and reported full-year pretax rose 47% to hit a record $14.3 billion.
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Global sales in 2021 were the second-highest annual result for Lexus. The brand’s all-time sales record of 765,330 units came in 2019 before the pandemic.
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