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Nissan top exec Munoz resigns amid broadened Ghosn probe

(Reuters) – One of Nissan Motor Co’s (7201.T) top executives has resigned, further rattling the Japanese automaker’s management team as it broadens an investigation into ousted Chairman Carlos Ghosn’s alleged financial misconduct. FILE PHOTO: Jose Munoz, Chairman of Nissan North Read more ›

Tesla shares fall after Musk mocks SEC on Twitter

(Reuters) – Shares of Tesla Inc (TSLA.O) fell as much as 4 percent on Friday, after Chief Executive Elon Musk stirred nerves about the settlement of his securities fraud lawsuit by mocking the U.S. Securities and Exchange Commission on Twitter. Read more ›

U.S. plans to rewrite rules that impede self-driving cars

WASHINGTON (Reuters) – The National Highway Traffic Safety Administration (NHTSA) is moving ahead with plans to revise safety rules that bar fully self-driving cars from the roads without equipment like steering wheels, pedals and mirrors, according to a document seen Read more ›

In Trump win, Canada, U.S. deal saves NAFTA as trilateral pact

OTTAWA/WASHINGTON (Reuters) – The United States and Canada forged a last-gasp deal on Sunday to salvage NAFTA as a trilateral pact with Mexico, rescuing a three-country, $1.2 trillion open-trade zone that had been about to collapse after nearly a quarter Read more ›

GM will recall more than 3.3 million vehicles in China: market regulator

BEIJING (Reuters) – General Motors’ joint venture in China, Shanghai GM, will recall more than 3.3 million Buick, Chevrolet and Cadillac vehicles from Oct. 20 because of a defect with the suspension system, China’s market regulator said on Saturday. The Read more ›

Fears for Musk’s future sink Tesla shares

(Reuters) – Shares of Tesla Inc (TSLA.O) dived 13 percent in early trading on Friday as Wall Street worried a lawsuit from U.S. regulators could force Chief Executive Elon Musk to step down and make it difficult for the loss-making Read more ›

Volkswagen’s Porsche to stop offering diesel models

FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) Porsche will stop offering diesel versions of its cars, the unit said on Sunday, sharpening its focus on hybrid and battery-powered vehicles instead. A Porsche logo is pictured during the Volkswagen Group’s annual general meeting Read more ›

VW’s Porsche to stop offering diesel models: Bild am Sonntag

FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) Porsche will stop offering diesel versions of its cars, the unit’s chief executive told a weekly newspaper, responding to ever tougher requirements to curb CO2 emissions. A Porsche logo is pictured during the Volkswagen Group’s Read more ›

Tesla to bring most collision repairs in-house: Musk

(Reuters) – Tesla Inc is bringing most collision repairs in-house, Chief Executive Officer Elon Musk said in a tweet on Sunday, saying owners of the vehicles were experiencing excessive wait times at body shops. FILE PHOTO: Tesla Motors CEO Elon Read more ›

Carney warns of ‘no-deal’ Brexit house price crash – newspaper

LONDON (Reuters) – Britain’s property market would crash and mortgage rates spiral up in the event of a chaotic no-deal Brexit, with house prices falling 35 percent over three years, Bank of England Governor Mark Carney told ministers, The Times Read more ›