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UPDATED: 6/28/17 10:41 am ET - adds details

Ford issues recall for 402,000 vans, will take $142 million charge

Ford issued three recalls in North America, led by a callback of 402,462 Transit vans that will cost the company $142 million. Ford said the affected vans have a faulty driveshaft flexible coupling.

Toyota's Kentucky plant launches 2018 Camry

Toyota launched production of the re-engineered 2018 Camry at its plant in Kentucky, which is undergoing a major overhaul to move the sedan to the company's new global architecture.

U.S. plaintiffs' lawyers warn of automaker role in Takata bankruptcy

Lawyers for people injured by exploding Takata airbags told a U.S. bankruptcy court judge that the company's restructuring plan is being skewed to benefit automakers over victims.
■ Takata stock falls 69% to record low
■ Takata offers condolences to victims of faulty airbags
■ Honda seeks to admit new evidence in Takata case

BMW, with eye on Tesla, to introduce electric 3 series, report says

BMW plans to introduce an electric version of the 3 series in September, a move designed to fend off rival Tesla, a German newspaper reported.
■ BMW to streamline car equipment levels to pay for r&d
■ Calif. weighs making electric cars cheaper off the lot

Nissan, Infiniti shuffle finance unit executives

Mark Kaczynski, after six years as president of Nissan Motor Acceptance Corp., is leaving his post to become vice president of administration and finance for Infiniti Motor Co., effective Aug. 1.

Florida dealership protection law takes effect

Florida's governor signed a new dealership protection law, limiting how often automakers can mandate store renovations and how they can apply sales-effectiveness standards.

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Drive.ai raises $50 million in new funding

The self-driving startup raised $50 million in a second round of funding as the Silicon Valley company prepares to deploy its technology in pilot vehicles later this year.

Takata stock falls 69% to record low

Takata shares tumbled as much as 69 percent to a record low as the Tokyo Stock Exchange removed daily limits on the stock's price declines following the company's bankruptcy...

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