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Jun
6th

Uber fires more than 20 employees in harassment probe, report says

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Uber told employees that more than 20 people have been fired after a company investigation into sexual harassment claims, a person familiar with the matter told Bloomberg.
Jun
6th

GM shareholders reject Greenlight proposal

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General Motors has announced that, based on the preliminary vote count at its  2017 Annual Meeting, shareholders rejected Greenlight's proposal to create a dual-class common stock structure. Shareholders also elected all eleven of GM's Board nominees.
Jun
6th

Covisint to be acquired by Canadian software company for $103 million

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Canadian software company OpenText said it is acquiring Covisint -- an information technology supplier with deep automotive roots -- in a transaction valued at $103 million.
Jun
6th

GM shareholders reject Greenlight stock split

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Greenlight Capital's proposal to split GM's stock was overwhelmingly rejected by the automaker's shareholders. GM's board nominees also were elected by wide margins.
Jun
6th

VW says almost 9,300 workers agree to buyouts

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VW said close to 9,300 workers have agreed to an early retirement scheme, helping the automaker to bring down costs.
Jun
6th

VW says almost 9,300 staff agree to buyouts

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VW said close to 9,300 staff had agreed to an early retirement scheme, helping the automaker to bring down costs.
Jun
6th

GMC launches ad campaign with ‘Like a Pro’ tag line

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GMC is trying to make more of an emotional appeal to consumers by launching an ad campaign that focuses on its buyers' lives with their vehicles, using the tag line "Like a Pro."
Jun
6th

Carvana: Cars in vending machines, a fading IPO and an ex-con behind them

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Who wants to buy a used car from a vending machine? Investors will get some answers on Tuesday when Carvana releases its first earnings report since going public.
Jun
6th

Lyft, Nutonomy partner to offer autonomous rides in Boston

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Ride-hailing company Lyft will soon begin picking up customers in self-driving cars in Boston, when it begins working through a research partnership with autonomous vehicle startup NuTonomy.
Jun
6th

Hyundai-Kia sales in China plunge 65% in May

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Hyundai and Kia's vehicle sales in China are reported to have dropped by a staggering 65% year-on- year in May, as a political row surrounding the deployment of the THAAD US missile shield system continues to hurt South Korean companies in China.
Jun
6th

Thai Alloy builds new wheel plant

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Privately-owned wheel manufacturer Thai Alloy Manufacturing Company is investing THB1bn (US$29.4m) in new production capacity to meet growing domestic and export demand.
Jun
6th

Porsche to start Israeli innovation office

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Porsche is establishing an innovation office in Israel and has invested an unspecified eight-figure sum in the Magma and Grove venture capital funds with further finance for start-ups and funds planned. 
Jun
6th

Tata Elxsi Autonomai platform selected by top five OEMs

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Tata Elxsi says it is to licence its autonomous vehicle middleware platform, 'Autonomai' to an unnamed top five automotive OEM for its driverless car R&D.
Jun
6th

Proton presents improved Iriz

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Proton Holdings has rolled out its Proton Iriz model, which was earlier displayed at the DRB-HICOM Autofest last month.
Jun
6th

Magna produces 275,000th folding roof for Fiat 500C since 2009

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Magna says it has sold 275,000 soft-top convertible roofs produced for the Fiat 500C at its roof system facility in Tychy, Poland.
Jun
6th

Inrix real-time traffic services to be used by US agencies

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Inrix says its traffic data will be used by the US Federal Highway Administration (FHWA), State and regional agencies to assess travel reliability, congestion and emissions.
Jun
6th

Toyota sells all Tesla stake

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Toyota has sold all of its shares in Tesla as it shapes up to rival Elon Musk's electric car start-up.
Jun
6th

Car sales in Western Europe up 7% in May

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Car sales in Western Europe grew by 7% in May according to data released by LMC Automotive. The annualised selling rate bounced back to 14.5m units a year.
Jun
6th

Nissan exec explains why EV owners are hooked on the technology for life

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The head of Nissan's zero-emissions vehicle and battery business, Daniele Schillaci, says EV customers have a strong loyalty toward the powertrain. He discussed this and more in an interview with Automotive News Europe.
Jun
6th

VW’s U.S. court monitor may triple staff supervising automaker

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VW Group's U.S. court-appointed monitor may triple the number of experts supervising the carmaker as investigations into its diesel-emissions scandal continue to weigh on the company.
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