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The U.S. National Highway Traffic Safety Administration is investigating a potential problem with an airbag indicator light installed in 749,312 vehicles made by General Motors Co. that may prevent the bags from deploying in accidents. The agency, according to documents posted on its website, has begun a preliminary evaluation after receiving 15 consumer complaints on
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The court-approved monitor overseeing Prime Automotive Group majority owner GPB Capital Holdings Inc. for the U.S. Securities and Exchange Commission is recommending that he remain in place for six months. Joseph Gardemal, managing director at consulting firm Alvarez & Marsal Holdings, said that after meeting with the U.S. regulator and GPB management, he suggests “continuation
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Genesis is making headlines recently. From the unfortunate crash that Tiger Woods suffered in a GV80 to the new GV70 compact crossover and X coupe concept, the Korean luxury brand seemingly can’t avoid the spotlight. And there’s more coming, too. Rumor has it that an electric GV70 is right around the corner (likely dubbed eGV70). There’s also
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In the battle for talent, a small automaker has pulled out the big guns. Starting this month, Volvo Cars is providing six months of paid parental leave to its employees, including factory workers, globally. The benefit sets a benchmark for the auto industry in the U.S. and gives the Swedish automaker a competitive edge in
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Two South Korean electric-vehicle battery makers reached a last-minute settlement in a bitter U.S. trade dispute, said people familiar with the deal, sparing President Joe Biden from choosing between undermining intellectual property rights or dealing a politically toxic blow to his climate agenda. SK Innovation Co. agreed to settle with its Seoul-based rival LG Energy
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Jason Trevisan took over the top role at vehicle-listings company CarGurus shortly after the year began. The former finance chief, who succeeds company founder Langley Steinert as CEO, will steer CarGurus through the continuing pandemic while also expanding beyond its core listings business with new retail and wholesale tools — most recently, with the acquisition
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Uber Technologies Inc. and Lyft Inc. are spending millions of dollars to provide drivers with access to COVID-19 vaccines and offering tens of millions of free or discounted rides to vaccination sites for people in communities that lack access to transportation and healthcare services. The effort is both public-spirited, and self-interested. Ride-hailing demand is ramping
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The Center for Automotive Research plans to go forward with the annual Management Briefing Seminars as a hybrid event in early August, forgoing the virtual format it used last year because of the COVID-19 pandemic. The Ann Arbor, Mich.-based nonprofit research group has seminars scheduled Wednesday, Aug. 4, and Thursday, Aug. 5, 2021. As always,
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In a tightening horse race, Mercedes-Benz returned to the front in luxury segment sales for the first quarter, powered by strong demand for its luxury crossovers. But its lead has narrowed from a year earlier. In the first quarter of 2020, Mercedes was in first place with a comfortable 11,400-vehicle distance from the segment’s third-place
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Nissan Kicks Full Overview Consumer hunger for crossovers of all shapes and sizes has led automakers to respond to the demand by filling every niche imaginable with vehicles aimed to serve specific purposes. The Nissan Kicks is one such vehicle that does battle in the subcompact crossover segment, which contains nearly 20 vehicles. We spent
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Dealership owner Bernie Moreno is entering the race for one of Ohio’s seats in the U.S. Senate, the Cleveland-area businessman said Tuesday. Moreno, 54, is vying for the GOP nomination to succeed Sen. Rob Portman, a Republican who announced in January that he will not seek reelection. Portman’s term expires in 2022. “For me, it’s
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