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GM and Honda are joining forces on self-driving cars with a $750 million Honda investment making GM Cruise worth $14.6 billion

GM will join with Honda to develop a "purpose-built autonomous vehicle" for Cruise, GM's self-driving division. Honda will invest $2 billion over 12 years, with an additional $750 million invested in Cruise. Honda's equity investment raises Cruise's valuation to $14.6 billion.
Daniel Craig as James Bond standing next to a vintage Aston Martin DB5 in the film Spectre.

The stock market has given James Bond carmaker Aston Martin a frosty reception

Aston Martin went public in London on Wednesday. Shares were priced at £19, valuing the luxury-car maker at £4.3 billion. After a small price bump, shares have fallen to £18.40. The performance underlines weakness in the London IPO market and ongoing trade war and Brexit fears in the auto sector.

Tesla just turned in an epic quarter for deliveries — but don’t get too excited just yet

Tesla reported a strong Q3 for deliveries, with 83,500 vehicles sold. Analysts aren't yet overly concerned about Tesla overproducing for the US market, an inversion of the worry they usually have for established automakers.

China’s Geely in deal to let Malaysia’s Proton tap new-energy, other vehicle tech in global push

Zhejiang Geely Holding Group said it will allow Proton to tap its green-car technology.
Trump with GM CEO Mary Barra and late FCA CEO Sergio Marchionne.

Trump’s car-industry battle reveals a surprising divide between big auto companies and oil giants

The automakers and the oil companies have long been thought to have shared interests. But when it comes to California's waiver to set its own mileage and emissions standards, those interests may diverge. The EPA has taken on California in a looming battle that big oil wants but big auto doesn't.
Trump has three months to make this deal.

Trump has 3 months to avoid sending the auto industry into a downturn

The auto industry has been predicting a downturn, but GM, Ford, and FCA might have sent a unified signal to Trump that if changes aren't made fast, the slide could arrive ahead of schedule. The big three all lowered 2018 profit forecasts.
President Donald Trump speaks following a meeting on infrastructure at Trump Tower, August 15, 2017 in New York City.

It didn’t take long for Trump’s tariffs to become a headache for the auto industry

Both GM and FCA stock took losses in the markets after reporting second-quarter earnings. The CFOs of both automakers addressed higher steel costs due to Trump's tariffs. GM and FCA cut full-year profit guidance.

Ford misses, stock falls in after-hours trading

Ford missed analysts' expectations for Q2 profit. As with GM and FCA, which also reported Q2 earnings Wednesday, Ford lowered it full-year profit guidance.
A customer shakes hands with a sales representative at a Chevrolet dealership in Dallas December 3, 2008.

Trump’s proposed auto tariffs will lead to sharp spikes in the price of Americans’ most prized possession

ANALYSIS: President Donald Trump shows no sign of pulling back from his trade war, and the auto sector appears a dangerous next candidate on the administration's list of goods that should face tariffs.
Former FCA and Ferrari CEO Sergio Marchionne.

Former Fiat Chrysler and Ferrari CEO Sergio Marchionne, a legend of the modern auto industry, has died at 66 after shoulder surgery

Former FCA and Ferrari CEO Sergio Marchionne has died at 66. He had reportedly been in a coma in intensive care in a Zurich hospital after complications from surgery. Marchionne was an auto-industry legend, leading a turnaround at Fiat and taking Chrysler from bankruptcy to renewed prosperity.