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- Large European Job Cuts Coming at Ford, Again
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- Vast Executive Reorganization at Hyundai Group
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- First Look New 2025 Acura ADX Compact SUV
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- NHTSA Fines Ford $165M for Flouting Recall Law
- NLRB Rules Against Anti-Union Captive-Audience Meetings
- GM Recall for Wheel Lockup on Diesel Pickups and SUVs
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- Toyota Motor FY2025 Q2 Earnings Down Significantly | AutoInformed on More Toyota Certification Problems Emerge from MLIT Probe
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Ford Posts Q1 Income of $3.3B. Semiconductors Still Difficult
The company anticipates full-year 2021 adjusted EBIT to be between $5.5 billion and $6.5 billion, including an adverse effect of about $2.5 billion from the semiconductor supply issue. Adjusted free cash flow for the full year is projected to be $500 million to $1.5 billion, a large range reflecting the uncertainty in a global economy still reeling from the Covid pandemic. Continue reading →