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Transportation – A N I T H
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Transportation

Grab’s plan to spend $700m on a rental car fleet leaves a ton of open questions

[ad_1] Photo credit: think4photop / 123RF Stock Photo. Grab is taking on US$700 million in debt to expand its car rental program, the Singapore-headquartered firm announced today. Uber’s competitor in Southeast Asia, already claiming to be the leading on-demand transportation platform in the region, now targets to...

[ad_1] Photo credit: think4p...

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Alphabet pumps US$1b into Lyft even as Uber woos SoftBank

[ad_1] David Lawee of CapitalG (center) flanked by Lyft co-founders David Green (left) and John Zimmer. Photo credit: Lyft. CapitalG, the investment arm of Google’s parent company Alphabet, has led a US$1 billion funding round in Lyft, the American cab-hailing firm announced today. This brings the...

[ad_1] David Lawee of Capita...

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Boeing invests in company building autonomous aircraft

[ad_1] Boeing’s HorizonX venture arm has invested in Near Earth Autonomy, a Carnegie Mellon spin-out company that focuses on building autonomous aircraft systems for things including site inspection, defence and potentially automated cargo delivery and personal transportation systems – i.e., flying taxis. Near Earth Autonomy is...

[ad_1] Boeing’s Horizon...

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