Fiat Chrysler Plans Michigan Investment With 6,500 Jobs – The New York Times

Even as analysts are forecasting declines in auto sales in the United States this year and next, Fiat Chrysler Automobiles believes the time is still ripe for expansion. On Tuesday, the Italian-American automaker said it planned to spend $4.5 billion over the next three years to update several Detroit plants and retool an engine plant…

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CFPB Plans To Get Rid Of Most Payday Lending Consumer Protections – TPM

NEW YORK (AP) — The nation’s federal financial watchdog said Wednesday that it plans to abolish most of its critical consumer protections governing payday lenders. The move is a major win for the payday lending industry, which argued the government’s regulations could kill off a large chunk of its business. It’s also a big loss…

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GM’s plans for plants sets stage for union bargaining – The Detroit News

Lordstown Assembly in Ohio had a majority of workers support the agreement. (Photo: AP file photo) General Motors Co.’s staggered idling of four U.S. plants will come at the height of next year’s bargaining with the United Auto Workers, setting the stage for a battle to keep the plants open and save union jobs. The Detroit automaker says…

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VW plans to sell electric Tesla rival for less than $23000: source

FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) intends to sell electric cars for less than 20,000 euros ($22,836) and protect German jobs by converting three factories to make Tesla (TSLA.O) rivals, a source familiar with the plans said. VW and other carmakers are struggling to adapt quickly enough to stringent rules introduced after the carmaker was found…

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Roku plans to shake up how customers watch video, and it could help the company earn more ad dollars

As audiences increasingly cut the cord, Roku is seizing its opportunity as an ad-friendly streaming video platform. Roku is in current talks with media companies to include their content in its app instead of leaving it in their own separate apps, according to five advertising, technology and media executives who had talked with the company.…

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