Ford, Chevy dangle new deals as U.S. sales, share lagAuto News

Ford and Chevrolet are getting a jump-start on summer clearance deals to spur sluggish U.S. sales and stem market-share losses.



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Former GM veteran, Fisker boss Posawatz to join INRIX boardAuto News

Tony Posawatz, the former vehicle line director for the Chevrolet Volt who also briefly headed Fisker Automotive, has joined the board of directors for telematics company INRIX.



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U.S. awards more than $55 million in vehicle technology grantsAuto News

The Department of Energy has awarded more than $55 million in grants to companies including Ford, Delphi Automotive Systems and others for advanced vehicle technology randd projects.



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GM's $2.8B Brazil Investment (8/14/14)

CEO says money will be spent on new product, tech; Ford HQ solar system; don’t touch this...

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GM to invest $2.8 billion in Brazil over five years, Barra saysAuto News

General Motors will invest 6.5 billion reais ($2.8 billion) in Brazil over the next five years, CEO Mary Barra said today. She said GM remains committed to one of its most important markets.



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Auto-paint supplier seeks $1 billion from IPO, report saysAuto News

Axalta Coating Systems, DuPont's former auto-paint unit, is working with Citigroup and Goldman Sachs on an initial public stock offering with hopes of raising $1 billion, people familiar with the matter told Bloomberg.



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U.S. Treasury to cut Ally stake Auto News

The Treasury Department said it will cut its stake in Ally Financial by selling stock on the open market in its first divestiture since an initial public offering in April.



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GM Tech Center nears full operation while pumps runAuto News

General Motors' Technical Center is nearly back to full operations after Monday's record rainfall in Detroit caused flooding and power issues.



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Auto-paint supplier seeks $1 billion from stock offering, report saysAuto News

Axalta Coating Systems, DuPont's former auto-paint unit, is working with Citigroup and Goldman Sachs on an initial public stock offering with hopes of raising $1 billion, people familiar with the matter told Bloomberg.



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U.S. to cut Ally stake in first sale since IPOAuto News

The Treasury Department said it will cut its stake in Ally Financial by selling stock on the open market in its first divestiture since an initial public offering in April.



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Ford to install major solar array, EV chargers at headquartersAuto News

Ford is tapping DTE Energy to build a solar array at the automaker's world headquarters near Detroit. The solar array will also serve as a parking cover to 360 spaces, equipped with 30 charging stations for plug-in electric vehicles.



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Pope bestows halo on Kia's Soul Auto News

Pope Francis is helping to elevate the profile of the Kia Soul beyond that of the car of choice for dancing hamsters.



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China to fine Audi $40 million for breaking monopoly law, paper saysAuto News

China will fine Audi about 250 million yuan ($40 million) for violating anti-monopoly laws, the 21st Century Business Herald, an influential business daily, reported on Thursday.



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