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Audi's management will be reshuffled by the start of the Frankfurt auto show in mid-September, people familiar with the matter told Reuters, with four of the board's seven members to be replaced.
A big board reshuffle at Audi looks increasingly likely after two more media outlets said that four top executives at the automaker face dismissal amid the company's diesel emissions crisis.
An Israeli professor has agreed to pay more than $850,000 to settle U.S. claims he engaged in insider trading in Jerusalem-based Mobileye before its takeover by Intel.
Former Chrysler chief Bob Nardelli was named chairman of Ioxus, a company that develops transportation power storage technologies and alternative energy.
Audi is considering dismissing board members including its sales and production chiefs as a warning to CEO Rupert Stadler, Handelsblatt reported.
BMW said Ian Robertson will retire as the automaker's sales chief. He will be succeeded by Pieter Nota, who moves to BMW from Dutch electronics and lighting company Philips.
Tesla appointed two new directors to its board, including Twenty-First Century Fox CEO James Murdoch, increasing its board size to nine.
On Tuesday, David Einhorn's General Motors plan got pretty banged up. It's not the first time his hedge fund, Greenlight Capital, has been to the body shop in the past few years.
GM said proxy adviser Glass Lewis recommended shareholders to vote for GM's board nominees and against Greenlight Capital's proposal at the company's shareholder meeting in June.
GM said proxy advisory firm Institutional Shareholder Services has recommended that shareholders reject Greenlight's plan to divide GM shares into two classes.
Ford's board is turning up the pressure on CEO Mark Fields to better explain the company's fading fortunes and his plan to turn things around, reports said.
Investors are pressing Tesla to add two board directors without ties to CEO Elon Musk. Separately, a hedge fund has nominated three independent candidates for General Motors board.
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