Daimler's mytaxi will merge with Hailo to take on Uber

Daimler's mytaxi said it will merge with British rival Hailo, creating Europe's largest smartphone-based taxi-hailing business.

Hyundai Q2 profit slips 2.6%; tougher U.S. market, Brexit hit forecast

Hyundai's quarterly profit slipped 2.6 percent percent to $1.46 billion, the 10th consecutive decline. Shrinking demand for its sedans in the U.S.

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