Afternoon Coffee: Uber Acquires Self-Driving Tech Company Otto, VW Supplier Dispute Continues

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Uber is acquiring self-driving truck technology start-up Otto. The start-up’s co-founder Anthony Levandowski will lead Uber’s self-driving division.

Uber is also in the news after a U.S. judge denied the company’s attempt to settle a class action lawsuit from drivers claiming they are employees and entitled to expenses. The judge said the Uber settlement was not adequate for drivers.

Volkswagen AG is in the midst of a parts shortage and supplier dispute, leading the automaker to reduce working hours for employees at multiple German plants. VW is considering reducing hours even more at five plants, impacting as many as 20,000 employees.

A VW suppliers CarTrim and Automobilguss, however, accused VW of canceling contracts without explanation or compensation. The two suppliers say they have lost tens of millions of dollars in revenue due to the split.

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