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Toyota Expanding Alliance With Uber

A recent Los Angeles Times article provided details on the relationship between Toyota and Uber. Toyota is expanding an alliance with Uber by way of a new investment and a plan to get self-driving cars on the road, a person familiar with the matter said. The Japanese automaker will invest about $500 million in a deal that will value the ride-hailing company at $72 billion, said the...

Elon Musk Keeping Tesla Public

Elon Musk said in a statement that investors urged him to keep the embattled electric carmaker on the open market, where it trades on the Nasdaq. “Although the majority of shareholders I spoke to said they would remain with Tesla if we went private, the sentiment, in a nutshell, was ‘please don’t do this,’” he said. The Tesla board of directors released a separate statement, saying it...

Automotive Trade Groups Unite Against Trump Tariffs

The Driving American Jobs Coalition, a group representing many facets of the US auto industry, has formed a new coalition to oppose potential new tariffs on imported automobiles and motor vehicle parts. The coalition—involving eight major auto industry trade groups—plans to inform policymakers and stakeholders about the negative effects of imposing new auto tariffs, including massive...

Will Young Truckers Be Taking the Wheel?

A new bill that would open interstate trucking opportunities to drivers between the ages of 18 and 21 was introduced in the US Senate on August 16. The Developing Responsible Individuals for a Vibrant Economy, or DRIVE-Safe Act, the same name attached to a similar House bill introduced in March, proposes a two-step program for potential young drivers to complete once they obtain a...

Elon Musk Taking Tesla Private?

Elon Musk took to Twitter to announce that he is considering taking Tesla private at $420 a share. A follow-up email to all Tesla employees was distributed outlining his strategy and hopes. View the email.

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