Volkswagen Group parts supplier Prevent Group alleges the German automaker, in the wake of its diesel emissions violations, used anti-competitive tactics to stop larger suppliers from acquiring smaller rivals in the United States. The suit seeks damages in excess of $750 million.
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James Owens said the new treaty should lead to $34 billion in additional investment in the U.S. auto industry, $23 billion annually in additional spending in U.S. parts and create 76,000 U.S. jobs.
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Chris Holzshu, 45, previously oversaw regional platforms and operations teams as an executive vice president for the nation's third-largest public dealership group.
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Kim Brink said she is not yet announcing her plans for future endeavors. A spokesman for GTB declined to comment on "any news regarding GTB employees."
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Sakthi Automotive was once a keystone to Detroit's manufacturing resurgence, but behind the scenes Sakthi's owners battled over control while operations stumbled and financials tanked. GM said it was forced to resource its business with the supplier.
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Starting in January, the state of California will only buy vehicles from automakers that recognize California's legal authority to set emissions standards. Those automakers include Ford, Honda, BMW and Volkswagen.
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A Wawa spokesperson told CNBC that "Tesla had an issue with their cabinet and the power has been shut off while they are investigating."
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VW Group cut its revenue growth projection to at least 20 percent from a previous forecast for a 25 percent increase.
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GM’s V-6 engine is just one example of how the Detroit 3 automakers have used the 25-year-old North American Free Trade Agreement to shift work to lower-cost facilities across the continent, cutting expenses and boosting returns from the region that represents the bulk of their global profits.
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Ford, citing the country's electrification mandate, is considering making the new electric Mustang Mach-E in China, depending on how trade negotiations between Washington and Beijing play out, CEO Jim Hackett said. Ford plans to import the Mustang Mach-E to China but hasn't indicated when sales will begin.
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