The company posted a $787.4 million net loss a year earlier as the coronavirus pandemic took hold and an almost $1 billion charge was booked for the quarter.
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Fraser Dunn, while at Aston Martin, worked on such vehicles as the Vulcan and Valkyrie Hypercar. He’s leaving his post and joining the APMA project full-time.
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Aptiv said adjusted operating earnings rose 89 percent while Tenneco said adjusted earnings improved 62 percent. Adient swung to a $69 million net profit.
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Magna's rising outlook reflects its growing business in China, where the automaker anticipates light-vehicle production of 24.7 million units in 2021, up from a previous estimate of 24 million.
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The aim of the realignment is to have a uniform global presence for the Mercedes corporate brand and its product brands, the automaker said.
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The automaker plans to have the database up and running by later this year.
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The startup makes a lidar sensor that helps cars gain a three-dimensional map of the road and can also detect the motion of distant objects.
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HGreg.com, which has two Nissan dealerships in Florida, said it bought Buena Park Nissan and Puente Hills Nissan in the City of Industry, both in the Los Angeles area.
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Aston Martin has posted significant losses since it went public in 2018 and has spent the last year restructuring itself.
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With the microchip shortage now into its fifth month and getting worse, automakers are trying to keep production moving by cutting some luxury features.
Continue Reading the above article 'Some high-end features go missing as tight chip su...