Dana buys majority stake in Canada's TM4 to expand EV reachAuto News

Dana is buying a majority stake in Canada's TM4 for $127 million, allowing the automotive supplier to produce more components for electric vehicles, and to increase its reach in China.

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Russia may slap duties on U.S. cars, light trucksAuto News

Russia is the latest country to threaten the U.S. with retaliation for tariffs on metals imports, warning Friday that American cars could soon face higher taxes.

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CarMax profits rise on tax-rate changeAuto News

CarMax's profits rose in the quarter ended May 31 largely because of a lower income tax rate, the nation's largest used-car retailer said Friday.

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Tesla suffers another fire at Calif. plantAuto News

A machine used for paper recycling caught fire late Thursday at Tesla's Fremont, Calif., campus, outside the company's main EV assembly plant, but manufacturing was not affected.

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Joyson Safety Systems names Guido Durrer as CEOAuto News

Joyson Safety Systems, the Chinese-owned supplier that acquired the former Takata safety products business, said it appointed Guido Durrer as its new CEO.

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Trump threatens 20 percent tariff on European Union carsAuto News

President Trump threatened to impose a 20 percent tariff on all European Union-assembled cars coming into the United States after the EU imposed more than $3 billion in levies on American goods.

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Europe hits back at Trump's tariffs as global tensions mountAuto News

The European Union's retaliatory tariffs on products from the United States came into force on Friday, the latest shots fired in what increasingly looks like a global trade war.

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Daimler names sales, HR expert Karen Adt as new Smart bossAuto News

Daimler executive Karen Adt will become the head of the Smart brand, succeeding Annette Winkler.

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VW hands over regional responsibility to brandsAuto News

Volkswagen AG is handing responsibility for managing regions to its different brands as part of a strategic overhaul to decentralize power at the automaker.

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How Trump's trade war could hit automakers in the U.S. Auto News

Over the past three decades, the global auto industry has gotten, well, more global. Manufacturers built scores of factories outside their home countries to reduce exposure to currency swings.

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Elon Musk's Tesla plans to cut residential solar panel business, Reuters reportsAuto News

Tesla's move to cut 9 percent of its workforce will sharply downsize the residential solar business it bought two years ago in a controversial transaction, Reuters reported.

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Uber driver was watching video before fatal self-driving crash, police sayAuto News

Police in Arizona said evidence showed the safety driver behind the wheel of a self-driving Uber was streaming a TV show on her phone before a fatal accident in March.

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GM risks Trump's ire with plan to build 2019 Chevy Blazer in MexicoAuto News

Just as President Trump is threatening tariffs on imported autos, GM plans to resurrect the Chevrolet Blazer -- this time as a sleeker crossover -- made in Mexico.

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