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Uber to invest over $150mn in Toronto driverless car hub

Bloomberg Uber Technologies Inc. said it will spend more than $150 million in Toronto to support driverless car research. The five-year investment includes opening an engineering hub in Canada’s biggest city in early 2019 and an expansion of its Advanced Technologies Group, the unit that’s developing much of the company’s autonomous vehicle technology. Last year, Uber began building an artificial ...

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Toyota ready to share hybrid-car secrets with China

Bloomberg Toyota Motor Corp. is preparing to divulge details of the hybrid-car engine technology it pioneered with the Prius to China in an attempt to catch up with rivals in the world’s biggest auto market. Chinese officials asked Toyota to share its gasoline-electric technology to help local companies meet stricter emissions targets, people familiar with the matter said, asking not ...

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Airlines’ biofuel-powered flights might soon take off

Bloomberg For years, airlines have experimented with biofuels, aiming to reduce both carbon emissions and their reliance on fossil fuels. It’s been a turbulent journey buffeted by inconsistent investment and the periodic lure of cheap oil. But several major carriers are planning larger-scale usage of biofuel in 2019 and 2020, including JetBlue Airways Corp. and Cathay Pacific Airways Ltd. United ...

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