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A Great Vehicle Lurks in HyundaisCorporate Chop Shop

Is the tide turning in the favor of activist shareholder Elliott Management Corp. in its drive to clean up the web of more than two dozen auto-related companies at the core of the Hyundai chaebol? On Wednesday, South Korean media reported that the group may cancel a central part of a restructuring plan that’s been opposed by Elliott, in the form of the planned merger between its logistics business Hyundai Glovis Co. and the after-sales division of parts supplier Hyundai Mobis Co. The company batted down the reports but shares in Mobis and…

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Teslas Model 3 Is Now Americas Best-Selling Electric Car

*Prius Prime and Chevy Volt are plugin hybrids **Tesla doesn't provide geographic breakdowns, so U.S. sales of the Model S and Model X are estimates provided by InsideEvs There’s reason for such skepticism. If we go back to  Looking at Tesla’s weekly rate is a bit like asking a marathon runner the fastest they can run a mile. It might be interesting, but when they have to go back to running marathons, how much bearing does it have on their endurance rate? On Tuesday, Tesla tried to allay fears of…

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Tesla Sees Your Super Bowl Ad and Raises You a Rocket Launch

Kia may have scored some kudos and Lexus Elon Musk’s very own cherry red Tesla Roadster floated through space to the cheers of a crowd and David Bowie’s “Life on Mars?” at the end of a 43-minute webcast that drew millions of viewers Tuesday afternoon. The sports car was the payload for the “epic views” as the car hurtles toward Earth-Mars elliptical orbit around the sun. “No one” does publicity stunts better, Michelle Krebs, an analyst with car-shopping website Autotrader, said by phone after tuning into the launch. “It was…

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Kobe Steel Scam Hits Planes, Trains, Automobiles

Kobe Steel Ltd. has made a startling admission: It sold products that failed quality control tests to about 500 companies. Worse still, it did so not in error but by falsifying data to make it appear that items had made the grade. Aircraft, electronics, car and bullet train manufacturers were among the recipients, raising obvious safety concerns. From Boeing Co. to Ford Motor Co., companies are also faked data about iron ore powder and materials used in DVDs and LCD screens. Chief Executive Officer Hiroya Kawasaki said on Oct. 12…

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