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SF Motors, a California-based electric vehicle unit of China's Chongqing Sokon Industry Group, acquired an EV and battery tech firm headed by former Tesla executive Martin Eberhard for $33 million.
Ford may be both flush with cash and struggling with its stock price, but new CEO Jim Hackett is in no rush to buy Wall Street's love. The carmaker's $28 billion cash pile isn't “burning a hole in our pocket,” Hackett said earlier this month.
Toyota, Honda and Mazda said hoods and other parts with aluminum supplied by Kobe Steel are safe, allaying some concerns that Kobe's falsified quality data had compromised safety.
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