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Google parent company leads $1 billion investment in Lyft

Automotive Business Review - 19 oct. 2017 - 19:59
Google parent company Alphabet's investment arm, CapitalG, led a $1 billion investment in Lyft that values the ride-sharing startup at $11 billion, the ride-sharing startup said.

Toyota dominates CR reliability survey again; lots of shifts seen among other brands

Automotive Business Review - 19 oct. 2017 - 19:45
For the fifth year in a row, Toyota and Lexus rank as the top two brands for reliability based on a survey of Consumer Reports subscribers. The rankings of the remaining 25 brands reflect a game of musical chairs, however.

GM to settle state ignition-switch litigation claims for $120 million

Automotive Business Review - 19 oct. 2017 - 19:20
General Motors agreed to pay $120 million to resolve claims from 49 U.S. states and the District of Columbia over faulty ignition switches, state attorneys general said.

Chinese-funded EV startup buys tech firm headed by former Tesla exec

Automotive Business Review - 19 oct. 2017 - 17:58
SF Motors, a California-based electric vehicle unit of China's Chongqing Sokon Industry Group, acquired an EV and battery tech firm headed by former Tesla executive Martin Eberhard for $33 million.

GM, in battle over stock split, outmaneuvered hedge fund, Einhorn concedes

Automotive Business Review - 19 oct. 2017 - 16:04
Hedge fund manager David Einhorn said he bungled his campaign to get GM to split its stock and conceded he was outmaneuvered by the auto giant.

Ford's $28 billion cash pile doesn't buy love on Wall Street

Automotive Business Review - 19 oct. 2017 - 13:29
Ford may be both flush with cash and struggling with its stock price, but new CEO Jim Hackett is in no rush to buy Wall Street's love.

Why there's a need for protocol on self-driving car accidents

Automotive Business Review - 18 oct. 2017 - 23:56
As fleets of robo-taxis start mixing on public roads with cars, motorcycles and pedestrians, accidents will be inevitable -- and so will be the need for a process to deal with them.

Toyota recalls 310,000 Sienna minivans to fix shift lever problem

Automotive Business Review - 18 oct. 2017 - 22:20
Toyota is recalling 310,000 Sienna minivans in the U.S. to fix potential problems with shift levers that could cause the vehicle to roll away.

Illinois scratched from Toyota-Mazda factory sweepstakes

Automotive Business Review - 18 oct. 2017 - 22:04
A lack of shovel-ready sites in Illinois and the state's failure to adopt a right-to-work law have helped to sideline the state's bid to land a $1.3 billion assembly plant planned by Toyota and Mazda, a top economic development official says.

How a move to N.Y. is reshaping Cadillac

Automotive Business Review - 18 oct. 2017 - 19:53
In the three years that Johan de Nysschen has been running Cadillac, he has moved the global headquarters to New York's SoHo and has pushed sales to their highest levels in three decades.

Nissan comes to the rescue

Automotive Business Review - 18 oct. 2017 - 19:00
When a fellow pickup driver gets stuck in the mud, a Nissan Titan owner lends a hand.

Consumer group wants set pricing for FandI products

Automotive Business Review - 18 oct. 2017 - 18:23
A consumer advocacy group wants the Consumer Financial Protection Bureau and other agencies to regulate pricing of FandI products, such as extended service contracts, based in part on data that allegedly show dealerships have charged Hispanic...

Ford says recall of F-150, Super Duty pickups to cost $267 million in Q4

Automotive Business Review - 18 oct. 2017 - 17:08
Ford recalled 1.3 million 2015-17 F-150 pickups and 2017 Super Duty pickups to fix faulty side door latches. The action will cost the automaker $267 million in the fourth quarter.

Nissan used uncertified inspectors in Japan even after misconduct found

Automotive Business Review - 18 oct. 2017 - 14:08
Nissan said it conducted uncertified vehicle checks as recently as last week even after revealing the widespread misconduct at its domestic factories.

Lexus re-evaluating partnership with Weinstein Co.

Automotive Business Review - 18 oct. 2017 - 01:05
Toyota's Lexus brand is evaluating its partnership with film and TV production firm The Weinstein Company after allegations that co-founder Harvey Weinstein sexually harassed or assaulted a number of women for decades.

NAFTA talks take acrimonious turn

Automotive Business Review - 18 oct. 2017 - 00:59
Efforts to renegotiate NAFTA have bogged down over controversial U.S. proposals, with Canada and Mexico blaming the U.S. for trying to protect its market at the expense of the region's economy and the U.S.

Former Ford CEO Mark Fields named senior adviser at TPG Capital

Automotive Business Review - 18 oct. 2017 - 00:00
Former Ford Motor CEO Mark Fields has been named a senior adviser at private equity firm TPG Capital, where he will be tasked with helping reinvent companies in the way that he attempted to transform Ford.

GM donating $5 million to Henry Ford museum

Automotive Business Review - 17 oct. 2017 - 21:17
With the "game-changing" gift, GM will sponsor the museum's rotating exhibits to help promote science, technology, engineering and mathematics.

GM clutches tech units despite hype of $30 billion spinoff

Automotive Business Review - 17 oct. 2017 - 20:00
GM will keep its business units working on self-driving vehicles and car-sharing despite analysts suggesting they could be spun off and valued at as much as $30 billion, according to a top executive.

GM hanging on to tech units despite hype of $30 billion spinoff

Automotive Business Review - 17 oct. 2017 - 20:00
GM will keep its business units working on self-driving vehicles and car-sharing despite analysts suggesting they could be spun off and valued at as much as $30 billion, according to a top executive.
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