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Section Page News - Automotive News

Section Page News - Automotive News
  1. GM's Maven pulls out of Chicago, New York

    Maven, the mobility brand operated by GM, said its car-sharing service will remain in operation in Detroit and Los Angeles while it discontinues operations in other major U.S. cities.

  2. Daimler to cut administration costs by 20%, report says

    Incoming boss Ola Kaellenius is working on a cost-cutting program, dubbed "Move," to reach profit margin targets threatened by trade talks and product launch issues, a German newspaper reported.

  3. GM moves closer to securing Missouri tax break

    State senators passed incentives that would give GM $50 million in tax credits over 10 years in return for a $750 million investment to expand a light-truck assembly plant.

  4. Tesla shares, bonds take a hit as investors fear 'code red'

    Investors worry about the automaker's cash burn, sales outlook and problems with an Autopilot system that CEO Elon Musk has held out as key to the electric carmaker's future. One analyst called the company's predicament a "code red situation."

  5. GM: Most vehicles to get over-the-air upgrade tech by 2023

    The company's new electronic systems, designed to handle internet software downloads, will be capable of handling up to 4.5 terabytes of data processing power per hour, five times the current capability.

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