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A self-driving technology company started by two former Uber execs has raised $9 million in venture capital and formed a partnership with a Ford Motor Co. business unit to provide software that gives routing instructions to autonomous vehicles.
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Used compact vans and several categories of crossovers increased in value in wholesale sales, while luxury vehicles made up seven of the 10 lowest performing categories among 2013-2017 vehicles in May, according to Black Book.
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Ford will offer two taxis in its 2019 model-year lineup, including a diesel-powered Transit Connect wagon and a Fusion Hybrid, Ford has announced.
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Subaru has begun selling its three-row Ascent midsize SUV, and offered the first production unit to a loyal Subaru owner in Mequon, Wis., Subaru has announced. The initial vehicle was sold by the Sommer's Subaru dealership.
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Hyundai will offer street fleet incentives on eight of its nameplates, including its electrified Ioniq cars and Genesis luxury sedans, according to the automaker.
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With the labor market continuing to strengthen and economic activity rising at a solid rate, the Federal Reserve raised the Federal Funds Rate a quarter percentage point for the second time this year — putting the target for short-term rates in the 1.75 to 2% range.
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The Insurance Institute for Highway Safety (IIHS) has awarded three midsize SUVs its good overall rating based on their performance in the new passenger-side overlap test, while three others earned acceptable ratings and two got poor ratings.
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Mazda North American Operations has begun sharing information about open recalls with CCC Information Services Inc. so the data will be provided to collision repair shops through the company's repair software CCC One.
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Sutton Leasing, Inc. has promoted two company veterans as co-presidents to replace Clyde J. Sutton, Jr., who will remain as chairman of the board the fleet management company announced.
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Toyota and Suzuki’s collaboration to supply vehicles for India has expanded to Africa and other markets, according to Toyota.
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