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Uber Board Approves Moves to Curb Power of Ex-CEO Kalanick
10/4/2017The 11-member board of ride-hailing service Uber Inc. unanimously approved a $1 billion-plus investment by Japan’s SoftBank Group Inc. and several governance changes that would trim the power of former CEO Travis Kalanick.
September Sales Up in Italy, Spain
10/4/2017Passenger vehicle sales in Italy rose 8% to and eight-year high of 167,000 units in September, the country’s transport ministry reports.
Canadian Car Sales Grow 8%
10/4/2017Light-vehicle sales in Canada rose 8% to 187,300 units in September, according to Automotive News.
CEO Hackett Spells Out Ford Strategy
10/4/2017Ford Motor Co.’s to-do list includes cutting costs, streamlining operations, accelerating decision-making, pruning its product lineup and shifting one-third of its r&d budget to electrified powertrains.
Australian Auto Industry Near Extinction as Toyota Closes Plant
10/3/2017Toyota Motor Corp. shut down its assembly plant in Melbourne, Australia, today, bringing the country’s auto industry another step closer to extinction.
U.S. Car Sales Jump 6%
10/3/2017Deliveries of passenger vehicles in the U.S. zoomed to 1.52 million units last month from 1.44 million in September 2016, Autodata Corp. reports.
Poll Says Hacking is Biggest U.S. Worry about Self-Driving Cars
10/3/2017U.S. drivers are split on their comfort level with autonomous cars, but three out of four worry about hackers taking control of the vehicle, according to a study by global insurance company American International Group.
U.K. Launches Battery Research Institute
10/3/2017The U.K.’s Engineering and Physical Sciences Research Council (EPSRC) is teaming with seven universities to form the Faraday Battery Institute.
FCA Recalls SUVs to Check Brake Shields
10/3/2017Fiat Chrysler Automobiles NV is calling back 688,400 of its SUVs in Canada and the U.S. to check a shield that helps prevent the brake booster from corroding.
Subaru Exits Industrial Business
10/3/2017Subaru Corp. has ended the sale and production of generators, general-purpose engines and other industrial products.