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Hyundai invests in Grab to gain ‘foothold’ in Southeast Asia ride-hailing market

Seoul (Reuters) - South Korea’s Hyundai Motor Co said on Thursday it had invested in Southeast Asian ride-hailing firm Grab, as it seeks to expand into the region to reduce its reliance on China following a damaging diplomatic row between Seoul and Beijing. Hyundai’s first direct investment in a ride-hailing firm gives

Toyota joins Uber, Amazon, Pizza Hut for driverless pod

Toyota's 'e-Palette' is a weird, self-driving vehicle Las Vegas (Detroit News) — The automotive industry is finally getting ready to deliver on its long-promised future of advanced, driverless cars. To get to the marketplace first, companies are pairing off to share technology and co-develop business models. The latest of those pairings came Monday

Ford to launch diesel truck to grab fuel economy edge

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Detroit (Reuters) - Ford Motor Co plans this spring to offer a diesel engine version of its best-selling F-150 pickup truck, looking to gain a marketing edge as its main rivals ramp up more efficient pickups of their own. Ford executives said they expect the F-150 diesel model with a 10-speed transmission

VW 2017 group sales rose to around 10.7 million cars, beating Toyota

A Volkswagen logo is seen at Serramonte Volkswagen in Colma, California, U.S., October 3, 2017. REUTERS/Stephen Lam BERLIN (Reuters) - Volkswagen group sales probably rose to around 10.7 million cars last year and kept the German behemoth ahead of Toyota as the world’s largest automaker, Bild am Sonntag reported, citing in-house VW estimates. Imagine

UK car sales drop in 2017 for first time in 6 years

London — The British car industry association says automobile sales in the country fell in 2017 for the first time in six years and are set to fall further this year largely because of subdued economic growth. The Society of Motor Manufacturers and Traders said Friday that overall demand fell 5.7

Kenya Government shuts down fuel stations selling adulterated fuel

Nairobi - The Energy Regulatory Commission (ERC) of Kenya has shut down ten fuel stations across the country that were found selling adulterated fuel. The move comes after the regulator conducted tests towards the end of 2017 where 17 stations turned out non-compliant with the laid down regulations. The Kenyan government and civil society have

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