GM says shareholder groups need 3% stake to nominate directorsAuto News

GM said shareholders or shareholder groups will now be allowed to nominate directors for the board in the company's annual proxy statement, but they will need to hold at least 3 percent of the automakers' shares for at least three years.

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U.S. issues subpoena to VW as emissions probe expands, report saysAuto News

The U.S. Department of Justice has widened its probe into the Volkswagen emissions cheating scandal by tapping a law to combat banking fraud, The Wall Street Journal reported today.

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Takata enlists restructuring lawyers, report saysAuto News

Japanese airbag supplier Takata has enlisted restructuring lawyers at law firm Weil Gotshal and Manges LLP amid global recalls covering millions of vehicles, The Wall Street Journal reported today, citing people familiar with the matter.

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Ford, Nissan Feb. Fleet Spike (3/8/16)

Ford, Nissan Feb. fleet spike, GM cuts back; Pacifica rated at 28 mpg highway; Maserati grows N.A....
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Copy our apprentice program, says Mac Haik groupAuto News

Houston's Mac Haik group wants the industry to copy its successful technician apprenticeship program, and end the poaching that plagues dealerships and drives up costs.

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Gimme a brake rotor and a Snickers barAuto News

The parts department at Brighton Ford includes a 150-square-foot convenience store for employees and customers, similar to that found on any city corner. The foot and beverages are a profit center for the parts department, and keep employees on site.

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Chrysler Pacifica gets 28 mpg highway EPA ratingAuto News

The new Chrysler Pacifica, which replaces the venerable Town and Country minivan this spring, uses a combination of reduced body weight, a freer-breathing redesigned V-6 engine, and a nine-speed automatic transmission to claim a piece of the minivan...

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Marchionne puts his money where his mouth isAuto News

Fiat Chrysler CEO Sergio Marchionne's holdings in the companies he runs are worth $232 million at recent share prices, making him more invested in his employers than fellow auto bosses, according to Bloomberg.

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Congress will hear from head of Google self-driving car projectAuto News

The director of the Google self-driving car project and auto industry executives will testify before Congress next week on efforts to develop safe and effective autonomous cars.

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Aston, LeEco could expand cooperationAuto News

Aston Martin is cooperating with Chinese technology developer LeEco and could expand their work together. LeEco's founder is also the backer of Faraday Future, the start-up maker of electric cars that intends to build a plant in Nevada.

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Subaru readies new platform, autonomous driving goalsAuto News

Subaru has unveiled a next-generation vehicle platform it says will improve safety and driving performance while keeping the small Japanese automaker competitive through 2025.

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Porsche suspends sponsorship of tennis star Maria SharapovaAuto News

Luxury carmaker Porsche, a division of Volkswagen AG, said today it would suspend tennis player Maria Sharapova as its brand ambassador in light of her admission that she failed a doping test.

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Automakers, facing U.S. fines, try novel ways to reach owners of recalled vehiclesAuto News

Automakers, facing stiff fines for lackluster recall completion rates, are going to new lengths to reach owners of the millions of cars with known safety defects that remain on the road.

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As Takata fights to survive, Chinese company sees 'heaven-sent opportunity' Auto News

A little-known Chinese company has seized on the unprecedented global airbag crisis surrounding Japan's Takata Corp., buying a small American manufacturer in a bet that a shakeup of an oligarchic industry is under way.

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