Anthony Levandowski Faces New Claims of Stealing Trade Secrets

January 17, 2018

The engineer at the heart of the upcoming Waymo vs. Uber trial is facing dramatic new allegations of commercial wrongdoing, this time from a former nanny. Erika Wong, who says she cared for Anthony Levandowski’s two children from December 2016 to June 2017, filed a lawsuit in California this month accusing him of breaking a long list of employment laws. The complaint alleges the failure to pay wages, labor and…

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Ford Warns Profit Will Drop This Year

January 17, 2018

Ford Motor Co. warned profit will fall this year as Chief Executive Officer Jim Hackett spends heavily to catch up with rivals bringing electrified vehicles to market. The U.S. automaker forecast adjusted earnings of $1.45 to $1.70 a share this year, down from about $1.78 last year. While Wall Street had been expecting a drop, the low end of the company’s guidance is worse than what analysts were anticipating. Ford flagged…

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GM Shows Off New Silverado in Bid to Narrow Ford’s Pickup Lead

January 14, 2018

It’s going to be the year of the truck in the U.S., and General Motors Co. wants to steal back some market share. GM kicked off the Detroit auto show by revealing an all-new Chevrolet Silverado pickup, the first completely redesigned truck for the automaker since the 2007 model year. The pickup with have eight different trim levels, two new V-8 engines and shed as much as 450 pounds from…

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Fiat Chrysler to Invest $1 Billion, Pay Bonuses on U.S. Tax Cut

January 14, 2018

Fiat Chrysler Automobiles NV is investing $1 billion in a Michigan truck factory and paying worker bonuses in the wake of a U.S. tax cut, gestures that could come in handy amid major policy matters being sorted out in Washington. The Italian-American automaker will share the spoils of a lower corporate tax rate by sending $2,000 checks to about 60,000 U.S. workers. Fiat Chrysler also will spend more than $1…

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