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UPDATED: 4/26/18 7:44 am ET - adds details

GM's operating profit sinks 27% in Q1 on lower pickup production; net falls 59%

General Motors' net income and operating profit significantly fell in the first quarter due to planned downtime in its full-size pickup production, a restructuring in Korea and other costs. GM's earnings before interest and taxes declined 27 percent.

UPDATED: 4/25/18 7:08 pm ET - adds details
Ford brand sedans to be nixed in N.A. under deeper cost targets

Ford plans to stop selling all Ford brand sedans in North America and is nearly doubling its cost-cutting target from a plan laid out only six months ago. The automaker said it will either fix or eliminate unprofitable global operations.

Fiat Chrysler Q1 adjusted earnings rise 5% to $1.96 billion

Fiat Chrysler said its first-quarter adjusted earnings rose 5 percent to 1.61 billion euros ($1.96 billion) as the automaker cut debt by $1.6 billion. Earnings before interest and tax in the NAFTA markets fell 2 percent.

AutoNation's Jackson, Magna's Stronach named to Automotive Hall of Fame

AutoNation's Mike Jackson, Toyota's Kiichiro Toyoda, Magna's Frank Stronach and Car Talk's Ray and Tom Magliozzi will be inducted into the Automotive Hall of Fame.

Hyundai's Q1 profit halves on bleak U.S., China sales

Hyundai's first-quarter net profit halved as bleak U.S. and China sales, a strong South Korean currency and labor union strikes dragged on the automaker's earnings.

UPDATED: 4/25/18 1:40 pm ET - adds details
Tesla teardown uncovers tech prowess, production shortcomings

Tesla CEO Elon Musk has said the company was building advantages in the ability to make electric cars cheaply and efficiently. Those claims keep looking more questionable.
■ Tesla's Autopilot chief steps down after two years

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Penske Q1 net soars behind broad gains

First-quarter net income at Penske Automotive Group soared 31 percent to $108 million, powered by profit gains across all areas of the auto retailer's business.

Lithia Q1 net rises 2.6 percent

Lithia Motors' first-quarter net grew on strong service and parts and finance results, despite a drop in new-vehicle sales and narrowing gross profit margins.

The rise of a used-car powerhouse

Reagor Dykes Auto Group, a budding powerhouse on Automotive News' list of the top 100 dealership groups in used retail sales, sells well beyond its west Texas base.


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