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Billionaire Owner Of Bloomberg To Sell His Firm - If Elected US President
Democratic presidential contender Michael Bloomberg will sell Bloomberg LP, the financial information company that made him a billionaire, if he is elected to the White House in November, his campaign confirmed on Tuesday.
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Bosch to Cut Thousands of Jobs in India as Auto Sales Slump
Bosch Ltd., the Indian unit of the world's largest auto-parts supplier, plans to join its parent, Robert Bosch GmbH in cutting jobs as the South Asian nation witnesses one of its worst auto sales slowdowns in decades.
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There's a Disconnect in the Latest Auto Sales Figures: Report
A key figure used for decades to sum up the state of the auto market looked wildly out of step with carmakers' own sales reports this week, and the dissonance could continue for months to come.
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Toyota Aims To Counter Mistakes Of Gas Pedal For Brake
Toyota Motor Corp. plans to introduce a safety function as early as this year to help prevent accidents caused by drivers slamming the accelerator instead of the brake by mistake, the Yomiuri newspaper reported, citing a person familiar with the matter.
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Tesla Scrutinized By U.S. Agency Over Model 3 Safety Claims
The U.S. National Highway Traffic Administration sent Tesla Inc.'s Elon Musk a cease-and-desist letter last year regarding Model 3 safety claims and subpoenaed the carmaker for information on several crashes, according to documents posted by a nonprofit advocacy group.
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Toyota's War With Dealer Over Recalls Cost It $16 Million
Toyota Motor Corp. must pay $15.8 million to a California dealer who accused it of retaliating against him because he had developed safety-recall software that was costing the automaker millions of dollars in car repairs.
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Elon Musk Loses $1 Billion In Two Minutes As Tesla Shares Tumble
Elon Musk saw $1.1 billion wiped from his net worth in the first two minutes of New York trading as Tesla Inc. shares sank as much as 11 percent.
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Renault-Nissan Considered Secret Ghosn Payment Plan, Email Shows
Renault SA and Nissan Motor Co. intensifies over governance at the car-making alliance, new information is emerging about how jailed leader Carlos Ghosn allegedly tried to shield the scale of his compensation from the public eye.
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Tesla May Consider Buying Idle General Motors Plants
Tesla Inc. Chief Executive Officer Elon Musk told CBS's "60 Minutes" that he may be willing to buy some of the five factories General Motors Co. will idle next year, making him the second rival in two days to step up with possible job-creating moves as GM takes political heat for cutting workers.
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More e-Rickshaws In India Than Battery Powered Cars In China
India is the world's fourth-largest auto market, but previous attempts to boost private electric-car ownership flopped. The government likely scaled back because it fears disrupting an industry that contributes to about 7 percent of the total gross domestic product
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Fiat Agrees to Sell Parts Unit Marelli to KKR's Calsonic Kansei
Fiat Chrysler Automobiles NV (FCA) has agreed to sell its Magneti Marelli unit to KKRs Calsonic Kansei
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Uber And Airbus Enlist In Japan's Flying-Car Plan
The group will initially comprise about 20 companies, including Boeing Co., NEC Corp., a Toyota Motor Corp.-backed startup called Cartivator, ANA Holdings Inc., Japan Airlines Co., and Yamato Holdings Co. Delegates will gather Aug. 29 for the first of their monthly meetings.
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VW Approached Self-Driving Startup Aurora
Volkswagen AG is on the hunt for self-driving technology and recently tried to buy Aurora Innovation, an autonomous-driving startup founded by veterans of Tesla Inc. and Alphabet Inc., according to people familiar with the matter.
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Geely Mulls $1.9 Billion Revival Plan For Lotus Cars
Geely, the owner of Lotus Cars is considering an investment of at least 1.5 billion pounds ($1.9 billion) to revive the iconic British brand featured in James Bond movies, according to people familiar with the matter.
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Fiat Chrysler Looking To Block Mahindra Jeep Knock-Off In U.S.
Fiat Chrysler Automobiles NV filed a U.S. trade complaint seeking to prevent Indian automaker Mahindra & Mahindra Ltd. from importing an off-road vehicle that looks like its iconic Jeep.
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Billionaire Owner Of Bloomberg To Sell His Firm - If Elected US President
Democratic presidential contender Michael Bloomberg will sell Bloomberg LP, the financial information company that made him a billionaire, if he is elected to the White House in November, his campaign confirmed on Tuesday.
-
Bosch to Cut Thousands of Jobs in India as Auto Sales Slump
Bosch Ltd., the Indian unit of the world's largest auto-parts supplier, plans to join its parent, Robert Bosch GmbH in cutting jobs as the South Asian nation witnesses one of its worst auto sales slowdowns in decades.
-
There's a Disconnect in the Latest Auto Sales Figures: Report
A key figure used for decades to sum up the state of the auto market looked wildly out of step with carmakers' own sales reports this week, and the dissonance could continue for months to come.
-
Toyota Aims To Counter Mistakes Of Gas Pedal For Brake
Toyota Motor Corp. plans to introduce a safety function as early as this year to help prevent accidents caused by drivers slamming the accelerator instead of the brake by mistake, the Yomiuri newspaper reported, citing a person familiar with the matter.
-
Tesla Scrutinized By U.S. Agency Over Model 3 Safety Claims
The U.S. National Highway Traffic Administration sent Tesla Inc.'s Elon Musk a cease-and-desist letter last year regarding Model 3 safety claims and subpoenaed the carmaker for information on several crashes, according to documents posted by a nonprofit advocacy group.
-
Toyota's War With Dealer Over Recalls Cost It $16 Million
Toyota Motor Corp. must pay $15.8 million to a California dealer who accused it of retaliating against him because he had developed safety-recall software that was costing the automaker millions of dollars in car repairs.
-
Elon Musk Loses $1 Billion In Two Minutes As Tesla Shares Tumble
Elon Musk saw $1.1 billion wiped from his net worth in the first two minutes of New York trading as Tesla Inc. shares sank as much as 11 percent.
-
Renault-Nissan Considered Secret Ghosn Payment Plan, Email Shows
Renault SA and Nissan Motor Co. intensifies over governance at the car-making alliance, new information is emerging about how jailed leader Carlos Ghosn allegedly tried to shield the scale of his compensation from the public eye.
-
Tesla May Consider Buying Idle General Motors Plants
Tesla Inc. Chief Executive Officer Elon Musk told CBS's "60 Minutes" that he may be willing to buy some of the five factories General Motors Co. will idle next year, making him the second rival in two days to step up with possible job-creating moves as GM takes political heat for cutting workers.
-
More e-Rickshaws In India Than Battery Powered Cars In China
India is the world's fourth-largest auto market, but previous attempts to boost private electric-car ownership flopped. The government likely scaled back because it fears disrupting an industry that contributes to about 7 percent of the total gross domestic product
-
Fiat Agrees to Sell Parts Unit Marelli to KKR's Calsonic Kansei
Fiat Chrysler Automobiles NV (FCA) has agreed to sell its Magneti Marelli unit to KKRs Calsonic Kansei
-
Uber And Airbus Enlist In Japan's Flying-Car Plan
The group will initially comprise about 20 companies, including Boeing Co., NEC Corp., a Toyota Motor Corp.-backed startup called Cartivator, ANA Holdings Inc., Japan Airlines Co., and Yamato Holdings Co. Delegates will gather Aug. 29 for the first of their monthly meetings.
-
VW Approached Self-Driving Startup Aurora
Volkswagen AG is on the hunt for self-driving technology and recently tried to buy Aurora Innovation, an autonomous-driving startup founded by veterans of Tesla Inc. and Alphabet Inc., according to people familiar with the matter.
-
Geely Mulls $1.9 Billion Revival Plan For Lotus Cars
Geely, the owner of Lotus Cars is considering an investment of at least 1.5 billion pounds ($1.9 billion) to revive the iconic British brand featured in James Bond movies, according to people familiar with the matter.
-
Fiat Chrysler Looking To Block Mahindra Jeep Knock-Off In U.S.
Fiat Chrysler Automobiles NV filed a U.S. trade complaint seeking to prevent Indian automaker Mahindra & Mahindra Ltd. from importing an off-road vehicle that looks like its iconic Jeep.
