Fresh funding pushes Lyft’s value to $15.1B

After the company's latest round of investor funding, Lyft is now worth an estimated $15.1 billion. Fresh cash in the amount of $600 million pushed the ride-sharing company to its latest heights. Tech Crunch reported on Thursday that Fidelity Management & Research Company led the investments and has contributed $800 million to date. The firm is one of...

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2020 Detroit auto show will move to warmer-weather month

The North American International Auto Show, more commonly referred to as the Detroit auto show, isn't known for its sunshine and warm temperatures, but that will change come 2020. The Detroit Auto Dealers Association (DADA) will officially move North America's largest auto show from January to a warmer month. Two proposals are on the table to move the show...

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Will GM’s first self-driving car be called AV1?

General Motors has filed to trademark a potential name for its first self-driving car. Filed on June 21, GM moved to protect the "AV1" name with the United States Patent and Trademark Office. Some may find similarities with the AV1 name to EV1—GM's first electric car. The EV1 bowed in 1996 and was made available exclusively via a lease program. Said...

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2020 Porsche 911 Turbo spy shots and video

Spy photographers have spotted a prototype for a new generation of the Porsche 911 Turbo, the everyday supercar. The new Porsche 911 is coming later this year, initially in Carrera and Carrera S guises. But you can count on there being multiple other versions to cater to Porsche's discerning clientele. We're talking close to two dozen distinct...

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2018 Formula 1 Austrian Grand Prix preview

Round nine of the 2018 Formula 1 World Championship takes us this weekend to the city of Spielberg, where the Red Bull Ring, home of the Austrian Grand Prix, is located. At a short 2.688 miles in length, it takes just 68 seconds to complete a lap of the Red Bull Ring, which is made up of only nine corners—the fewest of any circuit on the calendar...

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Waymo needs “large number” of cars for European self-driving fleet

Waymo CEO John Krafcik has revealed that the mobility company will need to add a “large number” of additional cars to its growing fleet of self-driving cars as it prepares to enter Europe. In an interview with Handelsblatt published Thursday, Krafcik explained that all announcements so far, including the purchase of 62,000 Chrysler Pacifica...

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2019 Opel Astra spy shots

Opel engineers are out testing a prototype for a facelifted version of the Astra compact hatchback. The facelifted Astra is expected on sale in markets where Opel operates sometime next year. The tweaks constitute a mid-cycle update for the current Astra which made its debut at the 2015 Frankfurt auto show. We can expect a new front fascia and revised...

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Porsche 919 Evo obliterates Nürburgring record with 5:19 run

It's official. Porsche's 919 Evo with Timo Bernhard behind the wheel clocked an unbelievable 5:19.55 lap time at the Nürburgring on Friday, completely destroying the previous all-time record of 6:11.13 set by Stefan Bellof in a Porsche 956 C back in 1983. It means Porsche still holds both the all-time record for the 12.9-mile...

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