Autos
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Nissan and Honda to attempt a merger that would create the world's No. 3 automaker
Dec 23, 2024 7:32 am - Japanese automakers Honda and Nissan have announced plans to work toward a merger that would form the world’s third-largest automaker by sales, as the industry undergoes dramatic changes in its transition away from fossil fuels.
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The Biz Week That Was: New hemp regulations, data center boom, and car condos among the highlightsDec 22, 2024 5:08 am - Pritzker endorses hemp regulation bill More than five years after Illinois began issuing permits for legal production of industrial hemp, Gov. JB Pritzker now favors...
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Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated
Dec 16, 2024 1:56 pm - Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week's Federal Reserve meeting. The Fed's policymakers are likely to signal fewer interest rate cuts next year than were previously expected.
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‘Luxury’ car condos could soon roll into Gilberts
Dec 16, 2024 1:26 pm - Developers are getting closer to getting a green light from village board members to build a “luxury” car condominium complex with retail and clubhouse space in Gilberts....
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Skyrocketing car-insurance premiums are pushing inflation higher
Dec 13, 2024 2:30 pm - Soaring insurance premiums, particularly for autos, are fueling rising consumer prices and complicating policymakers’ attempts to beat back inflation. Inflation cooled fo...
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Village board to consider $38 million CarMax proposal for Antioch Corporate CenterDec 10, 2024 6:06 pm - Antioch village officials Wednesday will consider a plan to locate a CarMax inventory center with parking for thousands of vehicles in a business park off Route 173 east of Route 45.
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Stellantis recalling more than 300,000 Ram trucks for braking system defect
Dec 06, 2024 8:29 am - Stellantis is recalling more than 300,000 Ram Heavy Duty pickup trucks because a faulty part could cause certain braking and tracking systems to fail.
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‘Amtrak Joe’ Biden uses his visit to Angola to promote a major US-backed rail project in Africa
Dec 04, 2024 8:18 am - Even in the waning days of his presidency and thousands of miles from home, U.S. President Joe Biden is finding ways to celebrate trains.
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Biden says the US is 'all in' on Africa during his Angola visit meant to counter China
Dec 03, 2024 7:56 am - Joe Biden on Tuesday used the first visit to Angola by a U.S. president to promote billions of dollars of investments in the sub-Saharan African nation and speak at a slavery museum, where he'll acknowledge the trafficking of humans that once linked the nations' economies.
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Delaware judge reaffirms ruling that invalidated massive Tesla pay package for Elon Musk
Dec 02, 2024 7:58 pm - DOVER, Del. — A Delaware judge has reaffirmed her ruling that Tesla must revoke Elon Musk’s multibillion-dollar pay package Chancellor Kathaleen St. Jude McCormick on Mon...