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US Antitrust Chief Concerned About CP Rail-Norfolk Proposed Trust

2016-03-10 17:51:01| Railroads - Topix.net

The head of the Justice Department's antitrust division said he's concerned about the proposed voting trust structure Canadian Pacific Railway wants to use to acquire Norfolk Southern Corp. Bill Baer said at a Senate antitrust oversight hearing March 9 that the Justice Department will submit comments to the U.S. Surface Transportation Board, which has been asked to issue an order confirming the validity of the mechanism. FedEx Corp. has told U.S. rail regulators that it is against Canadian Pacific Railway's proposed merger with Norfolk Southern Corp., adding to a long list of shippers opposing the deal.

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VW's US chief quits troubled carmaker

2016-03-09 23:15:12| BBC News | Business | UK Edition

Volkswagen's top executive in the US steps down nearly six months after the German carmaker became engulfed in the diesel emissions scandal.

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United Kingdom: Hinkley investment decision soon, says EDF chief after finance director resigns

2016-03-07 11:20:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The chief executive of EDF said he wants to reach a final decision soon on investing in Britains Hinkley Point nuclear power plant after the resignation of his finance director cast further doubt on the French energy companys ability to fund the 18bn project. Jean-Bernard Levy said he regretted the hastiness of Thomas Piquemals departure as finance chief. Piquemal resigned because he believed pursuing the worlds most expensive nuclear project could threaten the group, whose finances are...

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Electric range must hit 310 miles before acceptance: Daimler chief

2016-03-06 22:05:19| Auto Dealers - Topix.net

Electric vehicles have a way to go before they become mainstream, says Dieter Zietsche , boss of German automaker Daimler AG. Daimler is the parent of, among other carmakers, Mercedes-Benz and Smart.

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2. Hyundai's first Genesis chief took a rare path

2016-03-06 20:17:49| Automakers - Topix.net

New Genesis boss Erwin Raphael is just beginning to craft a plan for the fledgling brand, which will take on luxury heavyweights BMW, Lexus and Mercedes-Benz. "It's a huge challenge, but I welcome it."

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