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UPDATE 1-Daimler's mytaxi to merge with Hailo to take on Uber

*Combined company to be headquartered in Hamburg. FRANKFURT, July 26- Daimler's mytaxi said it will will merge with British rival Hailo in an all-share deal, creating Europe's largest smartphone-based taxi-hailing business. In similar deals this year, Volkswagen took a $300 million stake in Gett and General Motors invested $500 million in Lyft.

Source: Reuters

Avis Budget Group Teams Up With TrueCar to Offer Consumers Another Way to Purchase Off-Rental Vehicles

PARSIPPANY, N.J. and SANTA MONICA, Calif., July 25, 2016-- Avis Budget Group, Inc. and TrueCar, Inc. announced the signing of a new partnership agreement. Avis Budget Group offers more than 100 makes and models on TrueCar’ s website from numerous domestic and foreign manufacturers, including BMW, Chrysler, Ford, General Motors, Hyundai, Nissan, Toyota and Volvo.

Source: Globe Newswire

Axalta joins hands with Shanghai Jiao Tong University Design Institute to share latest automotive color trends

SHANGHAI---- Axalta Coating Systems, a leading global supplier of liquid and powder coatings, has been invited to present the latest automotive color trends at“ Color Changes Future”- the 6 th Color Training Session organized by Shanghai Jiao Tong University’ s Design Trend Institute. The Design Trend Institute of Shanghai Jiao Tong University is an organization...

Source: Business Wire

General Motors Approves ELEAD1ONE as iMR Match Eligible Vendor for Service Online Scheduler

The online scheduling tool is part of the award-winning SERVICE1ONE retention program with real-time integration with all major DMS providers, and several minor ones, to provide a seamless interface for Service Advisors. “We are excited to become an approved vendor to supply GM dealers with one of the most advanced scheduling software systems in today’ s...

Source: Business Wire

UPDATE 1-GM, Isuzu to end pick-up truck development partnership

BEIJING/ TOKYO, July 22- General Motors Co and Isuzu Motor Co have agreed to cease collaboration on the development of midsize pick-up trucks made in Asia, ending a joint product development relationship that dates back to the mid-2000s. Isuzu, which specialises in light trucks and commercial vehicles, had developed its D-Max pick-up truck under the agreement...

Source: Reuters

GM, Isuzu to end pick-up truck development partnership

BEIJING/ TOKYO, July 22- General Motors Co and Isuzu Motor Co have agreed to cease collaboration on the development of midsize pick-up trucks made in Asia, ending a joint product development relationship that dates back to the mid-2000s.

Source: Reuters

UPDATE 2-GM says it may recall 4.3 million vehicles over Takata air bags

WASHINGTON, July 21- General Motors Co said on Thursday it may be forced by U.S. regulators to recall another 4.3 million vehicles for potentially defective Takata air bag inflators, a call-back that would cost the U.S. automaker $550 million. GM said in a securities filing that the costs of replacing Takata air bag inflators in the 4.3 million additional...

Source: Reuters

GM's big beat is driving up Q2 earnings

Earnings are off to a healthy start, and GM's blowout report today just gave a big boost to quarterly estimates.

Source: CNBC.com

UPDATE 1-GM says it may recall 4.3 million vehicles over Takata air bags

WASHINGTON, July 21- General Motors Co said on Thursday it may be forced by U.S. regulators to recall another 4.3 million vehicles for potentially defective Takata air bag inflators, a call-back that would cost it $550 million. GM said in a securities filing that the costs of replacing Takata air bag inflators in the 4.3 million additional vehicles would be $550...

Source: Reuters

GM investors shake off automaker's Brexit warning

GM's warning about Europe did little to cool the enthusiasm of investors, who pushed the company's shares higher.

Source: CNBC.com