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U.S. prosecutors ask judge in Brockman tax case to disregard defense filing about cognitive decline

Federal prosecutors on Wednesday asked a judge to set aside recent information attorneys for Bob Brockman submitted about the state of his cognitive abilities as the judge weighs whether the former Reynolds and Reynolds Co. CEO is competent to stand trial on tax evasion charges. Brockman’s lawyers’ filing this month, which claimed Brockman’s cognitive functioning […]

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GM Q1 earnings: Net income down 2.7% to $2.9 billion as revenue rises 11%

DETROIT — General Motors on Tuesday reported first-quarter net income of $2.9 billion, a 2.7 percent decrease from a year earlier despite a double-digit revenue increase. GM’s global earnings before interest and taxes declined 8.4 percent to $4 billion, while its North American profit equaled the $3.1 billion it earned in the first quarter of

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Ford CEO: New plant in Tenn. to build ‘another truck’ that’s not F-150 Lightning

DETROIT — Ford CEO Jim Farley on Tuesday said the vehicle that the automaker intends to build at its upcoming Blue Oval City campus in Tennessee will be an additional electric pickup and not a next-generation F-150 Lightning. Speaking to reporters following the launch of the Lightning, Farley said the product will be an “all-new”

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Toyota faces renewed criticism after resuming donations to some Biden election objectors

WASHINGTON — Toyota Motor Corp. is once again being targeted by a political action committee after resuming donations to certain federal lawmakers. In a statement Monday, Toyota said it has resumed contributions to some members of Congress after a six-month pause and “extensive discussions with internal and external stakeholders.” “We will not support those who,

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GM asks suppliers to sign carbon neutrality pledge

DETROIT — General Motors has asked its global suppliers to sign a pledge of carbon neutrality, development of social responsibility programs and implementation of sustainable procurement practices in their supply chain operations. “There are economic and social imperatives in lowering emissions and addressing climate change while cultivating a just transition,” Jeff Morrison, GM vice president

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Car dealers got creative and efficient in face of low stock, NADA says

Supply constraints sent dealerships’ new-vehicle inventory levels plunging last year, and while 2022 could bring a slight improvement in vehicle production, the industry may not see relief until at least next year, according to the National Automobile Dealers Association. But the coronavirus pandemic and microchip shortage also have made dealers more creative and efficient in

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