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  • Editor’s Picks / 08 June 2016 at 1:00 GMT

    Uber gears up to upend the car loan market

    CNBC
    To many observers, the endgame of Uber's auto market disruption is a world where you never own a car again. But Ari Levy writes there's an irony in how Uber plans to get there: It's making a big push into the hundred-plus billion-dollar auto financing market. Think about all the money that goes into leases and loans from captive financing units at Toyota, Honda and Ford, luring consumers into shiny new vehicles. Automobile financing amounts to $116 billion a year just in the United States, according to IBISWorld, all for the sake of car ownership – or something resembling it.
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  • Editor’s Picks / 24 March 2016 at 5:30 GMT

    Japanese industry driven to cooperate on self-driving cars

    Nikkei Asian Review
    Major Japanese automakers and autoparts suppliers will work together on research and development of autonomous driving vehicles to narrow the gap with US and European rivals. An agreement has been reached among companies that have been participating in a study panel set up by the Ministry of Economy, Trade and Industry. The group includes six carmakers, including Toyota, Nissan and Honda, as well as major manufacturers of auto electronics such as Denso, Renesas Electronics and Panasonic. They aim to start conducting tests on public roads in 2020.
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  • Editor’s Picks / 11 January 2016 at 6:18 GMT

    Pick-up trucks and SUVs drive car industry sales

    Reuters
    When US President Barack Obama visits Detroit's annual car show on January 20, exactly one year before he leaves office, he is expected to tout how much the industry has changed since he orchestrated a federally funded rescue in 2009. But many of the changes on display at the city's annual auto show will not reflect the green-transport revival the president envisioned. The 'Detroit Three' car makers racked up record sales and profits in the US market last year not because of electric cars or plug-in hybrids, but because of soaring demand for pickup trucks and sport utility vehicles fuelled by petrol prices that hit multi-year lows.
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  • 06 December
    MistySoto MistySoto
    Uber is making debut on Wall Street with a value approx $120 billion next year. It would consider the biggest trading after Alibaba Group Joined in...
  • Editor’s Picks / 23 February 2015 at 14:16 GMT

    Why Honda ousted CEO Takanobu Ito

    Fortune
    Honda's CEO since 2009 has been ousted as part of a broad management shakeup. According to Fortune's Doron Levin, the company's loss of US prominence and the fact that Honda shares have long lagged the Nikkei 225 index are among the factors that led to the bout of house cleaning. Senior engineer Takahiro Hachigo will replace outgoing CEO Ito in June as the Japanese carmaker struggles to address quality and efficiency concerns.
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  • Editor’s Picks / 05 November 2014 at 10:38 GMT

    World's top companies keep operations under wraps

    The Guardian
    The world's biggest companies disclose little, if any, financial details over their operations outside their home countries, a watchdog has found. In a report, Transparency International says that US technology giants and Chinese firms are among the worst offenders, whereas UK companies are among the best performers. However, the watchdog warns that the biggest oil, gas and mining companies are not ready for the transparency rules that will come into force from the EU as of July next year. The regulations will oblige companies to report payments, such as taxes to governments, on a project-by-project and country-by-country basis.
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  • Squawk / 29 July 2014 at 6:03 GMT
    Senior Equity Trader / Saxo Bank
    Denmark
    Honda raises full year net to 600B YEN vs 595B Yen
    Read the Squawk