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Volkswagen plans to spend about €44 billion ($50 billion) over the next five years on a comprehensive electrified mobility strategy that includes making at least 15 million battery-powered autos and further research into autonomous driving
Renault boss Carlos Ghosn faces a tense salary vote at the company's annual shareholder meeting when the French government is expected to oppose his $8.7 million 2017 payout.
General Motors CEO Mary Barra said if trade uncertainty continues, it "will eventually" have an impact on the company's operations. The automaker has already seen higher steel and aluminum prices.
Just 86 of about 1,200 do-gooder investment funds tracked by Bloomberg own Tesla shares. And of those, only seven count Elon Musk's company as a top-10 holding.
CEO Jim Hackett says the company doesn't intend to lose customers with decision to ax sedans in favor of SUVs and pickups; Bill Ford says he remains frustrated by lagging stock price
VW is pondering spinoffs of noncore assets such as motorcycle maker Ducati and transmissions maker Renk, as the automaker seeks to boost its efficiency and become more nimble.
VW will expand its internal whistleblower system to give the automaker a clear moral compass, its new CEO, Herbert Diess, said. VW also is pondering spinoffs of noncore assets.
The reelection of the Porsche-Piech clan's leader and the appointment of a marketing expert to Volkswagen Group's supervisory board are being opposed by investment advisory firm Hermes EOS.
Total membership in the UAW rose by 15,000 workers to 430,871 in 2017, marking the eighth consecutive year that the union saw an increase in total membership.
Tesla shareholders approved a compensation package potentially worth billions of dollars for CEO Elon Musk in a test of their confidence in the leader of the electric car company.
Armed with a product plan stacked with full-electric and hybrid vehicles, Volkswagen Group will rely on suppliers with greater battery expertise, CEO Matthias Mueller said.
Tesla said it will likely sell its 200,000th vehicle this year -- the volume cap at which the $7,500 federal tax incentive for electric vehicles begins to be phased out.
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