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Success for NAFTA Update Hinges on Compromise
12/6/2018Whether President Donald Trump’s deal to update NAFTA is ratified by Congress will depend on his willingness to compromise on details, says Bloomberg News.
VW Accelerates Profit and Cost-Cutting Efforts
12/6/2018Volkswagen AG's namesake brand aims to “significantly improve” its earnings in coming years through aggressive cost-cutting to help finance rising investments in emerging technologies.
Ford Offering Buyouts to Workers in Venezuela
12/6/2018Ford Motor Co. is moving closer to shutting down production in Venezuela by offering severance payments to much of its remaining workforce there.
Toyota Device Prevents Accidental Acceleration
12/6/2018Toyota Motor Corp. has unveiled a sensor-based system that prevents cars from speeding out of control when the operator mistakes the accelerator for the brake pedal.
Nissan Uncovers More Testing Errors in Japan
12/6/2018Nissan Motor Co. has uncovered new cases of errors in the final inspection tests it performs on cars sold in Japan, Reuters reports.
Japanese Web Services Company Tests “Free” Ride-Hailing Service
12/6/2018DeNA Co. Ltd., a Japanese provider of internet services, has launched a free ride-hailing service in Tokyo.
CEO Barra Gets an Earful about GM Plant Closures
12/6/2018Ohio lawmakers urged General Motors Co. CEO Mary Barra yesterday to find new products to build in the Lordstown, Ohio, factory GM plans to close.
NYC Approves Minimum Wage for Ride-Hailing Drivers
12/5/2018The New York City Taxi and Limousine Commission voted this week to create an hourly minimum wage for drivers of app-based ride-hailing services in the city—the first such measure in the U.S.
FCA to Idle 3,200 Workers at Mirafiori Plant
12/5/2018Fiat Chrysler Automobiles NV says 3,200 employees at its Mirafiori plant will work halftime through 2019 while the facility retools to make electric cars.
SsangYong Motors Returns to Australian Market
12/5/2018South Korean SUV maker SsangYong Motor Co. has reestablished sales operations in Melbourne, Australia, after exiting the market two years ago.