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Fair Inks $500 Million Deal to Finance Ride-Hailing Cars
9/17/2019Santa Monica, Calif.-based Fair Inc., a three-year-old startup that specializes in short-term leases and vehicle subscription programs, says it has secured a $500 million revolving-credit deal.
Alphabet’s Smart City Unit Spins Off Data Unit
9/17/2019Alphabet Inc.’s Sidewalk Labs business, which specializes in smart city technologies, has spun off its Replica data-gathering tool as a separate business.
Audi Faces Sept. 26 Deadline on Diesel Software
9/17/2019Germany’s KBA motor authority has given Audi AG 10 days to remove emission-cheating software from its V-6 and V-8 diesel engines.
New Wiesmann Sports Car Gets BMW Power
9/17/2019Revived German sports car maker Wiesmann GmbH confirms that it will use a BMW twin-turbo V-8 engine for its upcoming sports car.
Report: Ford, VW to Expand Joint EV-Program
9/17/2019Ford Motor Co. appears likely to decide soon on details of a plan to expand its use of Volkswagen AG’s electric-vehicle platform.
Auto Writer Extraordinare Ingrassia Dies at 69
9/17/2019Paul Ingrassia, a giant among auto writers, has died of cancer at age 69.
Autonomous-Truck Company Raises $120 Million
9/17/2019TuSimple Inc., a San Diego-based startup that supplies autonomous driving technology for commercial truck applications, has raised $120 million in its latest funding round.
Texas High-Speed Rail Deal Moves Forward
9/17/2019Texas Central, which plans to build a high-speed rail line between Dallas and Houston, has hired a firm to design, build and install the bulk of the 240-mile track.
Maybach SUV to Get November Reveal
9/17/2019Daimler AG’s Mercedes-Benz unit will unveil the Maybach variant of its GLS large crossover vehicle in November.
Renault's Alpine Unit Names New Chief
9/16/2019Renault SA has appointed Patrick Marinoff as managing director of its Alpine sub-brand.