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Levandowski Steps Away from Uber’s Autonomous Program

Levandowski Steps Away from Uber’s Autonomous Program

The man at the heart of autonomous vehicle company Waymo’s lawsuit against Uber, Anthony Levandowski, is going to give up some of his duties until the suit is settled. Levandowski is a former Waymo employee who that company alleges took more than 14,000 documents with...
Ghosn Rules Out Full Nissan-Mitsubishi Merger

Ghosn Rules Out Full Nissan-Mitsubishi Merger

While Nissan has taken a controlling stake in long-troubled Mitsubishi and replaced most of the smaller maker’s key managers, don’t expect to see a full merger of the two companies. Instead, expect to see the two companies expand their ties – which is likely to mean...
GM Beats Estimates as Earnings Rise 34%

GM Beats Estimates as Earnings Rise 34%

General Motors’ fleet of big pickups and SUVs helped the automaker overcome all obstacles for the first quarter of 2017, earnings rising 34% to handily top Wall Street’s expectations and set a new quarterly record. With a net income of $2.6 billion, GM was the last of...
Toyota Recalling 228K Tacomas in US

Toyota Recalling 228K Tacomas in US

Toyota announced it will recall 228,000 Tacomas in the U.S. to fix an oil leak that could increase the risk of a crash. The action impacts 2016 and 2017 model-year pickups. The automaker said the truck could leak oil, potentially damaging the rear differential. If...
Grohmann Quits Tesla After Feud With CEO Musk

Grohmann Quits Tesla After Feud With CEO Musk

As Tesla CEO Elon Musk continues to play whack-a-mole trying to eliminate potential roadblocks to getting the EV maker’s mainstream model, the Model 3, into production on schedule, there have been a few glitches. The most recent being departure of Klaus Grohmann, who...
Is FCA Ready to Sell Off Jeep and Ram?

Is FCA Ready to Sell Off Jeep and Ram?

It was the sort of casual comment that many of those listening in on the Fiat Chrysler Automobiles earnings conference call just might have missed, but a single word from FCA Chief Executive Sergio Marchionne could signal some massive changes to come. For several...
Trump Backs Off Assault on NAFTA

Trump Backs Off Assault on NAFTA

Despite tangling with both Canada and Mexico in recent weeks, President Donald Trump appears to again be shifting direction over the North American Free Trade Agreement, the White House late Wednesday indicating it will no longer seek to eliminate NAFTA but rather...
Ford Profits Slide 35% on Recalls, Sluggish Sales

Ford Profits Slide 35% on Recalls, Sluggish Sales

A flurry of headwinds put the drag on Ford Motor Co. earnings during the first quarter of 2017, the numbers dropping 35% to $1.6 billion. It didn’t help that Ford’s latest numbers are being compared to the best quarterly earnings in company history, the $2.2 billion...
Daimler Profits Double in First Quarter 2017

Daimler Profits Double in First Quarter 2017

Record sales by Mercedes-Benz Cars and Mercedes-Benz Vans helped Daimler AG double its profits during the first quarter. “A very successful quarter lies behind us,” said Dieter Zetsche, chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars,...