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Toyota expands connected-car hub in Texas

Toyota Connected, the automaker's global data-science hub, is expanding staff and operations near the company's new North American headquarters in Texas.

| UPDATED: 4/27/17 4:19 pm ET - adds stock close
| UPDATED: 4/27/17 2:07 pm ET - adds details

Tesla's Klaus Grohmann ousted after clash with Elon Musk

Klaus Grohmann was ousted last month after a clash with CEO Elon Musk over the strategy of Grohmann's firm, which Tesla had acquired in November, Reuters reported.

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Sent early Monday mornings, this newsletter contains a summary of key stories from our weekly edition.

GUEST COMMENTARY: Christopher Misch
The inevitable electric car

The time is right to reflect on where we have come from on EVs and to look into the future, says Christopher Misch, vice president of Sun Country Highway.

| UPDATED: 4/27/17 4:20 pm ET - adds stock close
Visteon triples Q1 net income

Visteon reported that its first-quarter net income more than tripled, reflecting higher electronics production volume and new business, as well as income from discontinued operations.

| UPDATED: 4/27/17 4:19 pm ET - adds stock close
BorgWarner Q1 gains driven by organic growth

BorgWarner delivered strong first-quarter earnings driven by organic revenue growth, and the supplier said it is confident in continued market-share expansion.

| UPDATED: 4/27/17 2:07 pm ET - adds details
Kia picks Saad Chehab to lead marketing

Kia -- on the cusp of launching its critical Stinger performance sedan -- has hired former Chrysler advertising whiz Saad Chehab as its new marketing chief. The move, effective May 8, brings to Kia the formidable marketing mind behind some of Fiat Chrysler's most acclaimed advertising efforts.


Kia plans $1.1 billion plant in India

Kia Motors signed a deal to invest about $1.1 billion to build its first factory in India, aiming to tap a fast growing market at a time when its China sales are sagging.

| UPDATED: 4/27/17 4:17 pm ET - adds stock close
Ford profits fall on recall charges, higher costs

Ford reported first-quarter net income of $1.6 billion, down $900 million from a year earlier, as revenue rose and profit margins shrank. Pretax earnings were $2.2 billion, down $1.6 billion, or 42 percent, from a year earlier, when Ford posted its best quarter in the company's 114-year history.


Flying taxis. Seriously.

Remember a couple of weeks ago when we said that the reason it’s so hard to predict the future is because the future is always a little crazier than we can imagine today? Well, here's something that sounds insane: Uber says it’s going to have flying taxis running as prototypes in three years.

| UPDATED: 4/27/17 2:03 pm ET - adds details
Ford profits fall on recall charges, higher costs

Ford reported first-quarter net income of US$1.6 billion, down US$900 million from last year, as revenue rose and profit margins shrank. Pretax earnings were US$2.2 billion, down US$1.6 billion.

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