Faurecia lifts 2016 profit guidance after strong first half

Faurecia raised its full-year guidance after reporting a stronger first-half performance in Europe. Operating income rose to $539 million, the French supplier said.

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

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

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