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Volkswagen's CARIZON and Horizon Robotics deepen self-driving partnership in China

Volkswagen's CARIZON and Horizon Robotics deepen self-driving partnership in China

(Corrects title of Peter Bosch in paragraph 8 to CARIZON chairman, not CEO) By Rachel More BERLIN, July 22 (Reuters) - Volkswagen said on Wednesday its China-based automated driving unit CARIZON will deepen its partnership with Horizon Robotics to speed up development of advanced self-driving
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Aston Martin secures $735 million financing led by BlackRock-owned HPS Investment Partners

Aston Martin secures $735 million financing led by BlackRock-owned HPS Investment Partners

July 22 (Reuters) - Aston Martin has secured £550 million ($735.57 million) in new debt financing led by funds managed by BlackRock-owned HPS Investment Partners, it said on Wednesday, bolstering liquidity at the loss making luxury carmaker.
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US Senate panel to vote on Chinese vehicle crackdown bill

US Senate panel to vote on Chinese vehicle crackdown bill

By David Shepardson July 22 (Reuters) - The U.S. Senate Commerce Committee is set to consider bipartisan legislation to toughen a U.S. government ​ban on Chinese automakers entering the American market, but some provisions remain under debate ahead of an expected vote Wednesday.
Robb Report Robb Report
Polestar Won’t Appeal U.S. Sales Ban and Is Shifting Its Focus to Europe

Polestar Won’t Appeal U.S. Sales Ban and Is Shifting Its Focus to Europe

The Department of Commerce has banned the automaker from selling cars due to its links to China.
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US, Mexico resume USMCA trade talks as Trump hits Canada with new tariffs

US, Mexico resume USMCA trade talks as Trump hits Canada with new tariffs

By David Lawder MEXICO CITY, July 21 (Reuters) - U.S. and Mexican trade negotiators will meet for a third round of bilateral talks on Tuesday to try to push forward with revising the North American trade agreement, just as President Donald Trump slaps Canada with a new set of punitive duties.
TheStreet TheStreet
75-year-old global auto parts company files Chapter 15 bankruptcy

75-year-old global auto parts company files Chapter 15 bankruptcy

The auto parts and components industry has faced headwinds, such as inflation, high interest rates, and consumer caution with discretionary spending, over the last two years that have forced manufacturers like Grupo Antolin to file for bankruptcy. Major automobile parts and components company Grupo ...
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GM quarterly core profit rises 30% on truck, SUV strength

GM quarterly core profit rises 30% on truck, SUV strength

By Kalea Hall DETROIT, July 21 (Reuters) - General Motors lifted its earnings outlook for the year on Tuesday after posting a 30% increase in second-quarter core profit on the back of profitable SUV and truck sales.
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Trading Day: War clouds darken

Trading Day: War clouds darken

By Jamie McGeever ORLANDO, Florida, July 20 (Reuters) - Escalating tensions in the Middle East finally weighed on Wall Street on Monday, after investors had earlier bought back beaten-down chip stocks ahead of some big tech earnings reports later this week, while the war jitters lifted oil prices,
Trendline Trendline
Mercedes Pauses CLA L Production in China Amid Sales Decline

Mercedes Pauses CLA L Production in China Amid Sales Decline

Mercedes Pauses CLA L Production in China Amid Sales Decline
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Oil prices rise to five-week high on US-Iran attacks, Houthi blockade threat

Oil prices rise to five-week high on US-Iran attacks, Houthi blockade threat

By Scott DiSavino NEW YORK, July 21 (Reuters) - Oil prices climbed about 2% on Tuesday to a five-week high, on worries that energy supply disruptions could worsen in the Middle East due to more attacks between the U.S. and Iran and a threatened naval blockade of Saudi Arabia by Yemen's Houthis.
Trendline Trendline
USMCA Review Raises Concerns for Fashion Industry's Sourcing Strategies

USMCA Review Raises Concerns for Fashion Industry's Sourcing Strategies

USMCA Review Raises Concerns for Fashion Industry's Sourcing Strategies
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Suzuki's no-frills cars once ruled India. Then buyers demanded frills.

Suzuki's no-frills cars once ruled India. Then buyers demanded frills.

By Aditi Shah NEW DELHI, July 20 (Reuters) - For some 40 years, Suzuki cars dominated India's roads. The Japanese company's relentless focus on keeping prices and running costs low put millions of people behind the wheel.