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Uber Reportedly Raised $1.6 Billion in New Financing
1/21/2015Uber Technologies Inc. has collected $1.6 billion in convertible debt in its latest fundraising effort, sources tell Bloomberg News.
Chrysler PR Whiz Tom Kowaleski Dies
1/21/2015Tom Kowaleski, the public relations ace who arranged to have a Jeep crash through a giant window at the Detroit auto show more than 20 years ago, is dead at age 63.
Toyota Expects Its Sales to Shrink This Year
1/21/2015Toyota Motor Corp. says its worldwide sales, including those of subsidiaries Daihatsu and Hino, are likely to slip 1% to 10.15 million units in 2015.
IMF Lowers Global Growth Forecast
1/21/2015The International Monetary Fund predicts the global economy will expand 3.5% in 2015, down from the 3.8% forecast it made in October.
Toyota Breaks Ground for Texas Headquarters
1/21/2015Toyota Motor Co. has broken ground for its new headquarters in Plano, Tex.
McLaren Promotes Melville to Head Designer
1/21/2015McLaren Automotive Ltd. has promoted Robert Melville, 37, to chief designer, effective immediately.
Daimler Begins Shooting Brake Production in Hungary
1/21/2015Daimler AG has launched production of the Mercedes-Benz CLA Shooting Brake at its factory in Kecskemet, Hungary.
Takata Finalizes 7-Member Panel to Find Production Failures
1/21/2015Takata Corp. has named a seven-member team to closely review its manufacturing procedures and identify the causes of airbag inflator explosions that have prompted some 24 million vehicle recalls in six years by 10 carmakers.
Audi Plans Bigger Flagship Crossover by 2020
1/21/2015Audi AG is developing a large crossover vehicle to compete with the Mercedes-Benz GL and upcoming BMW X7 by the end of the decade, CEO Rupert Stadler tells Bloomberg News.
Volvo Cars Names New Chief for Americas
1/21/2015Volvo Car Group has named Lex Kerssemakers to revive U.S. sales as head of its operations in the Americas, effective immediately.