Car Ownership News
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An ad from 1957 shows a family playing dominoes in a bubble-top car as it cruises down an six-lane divided highway, its steering wheel pointedly unattended. “One day your car may speed along an electric super- highway, its speed and steering automatically controlled by electronic devices embedded in the road,” reads the copy. “Highways will be made safe -- by electricity! No traffic jams ... no collisions ... no driver fatigue.”
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Young American adults have pared the amount they owe on homes, cars and credit cards in the wake of the recession, shedding debt almost four times faster than their elders, a survey shows. College loans are an exception.
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Daimler AG , maker of the Smart city car, is stealing customers from Mazda Motor Corp. and Fiat SpA with rentals aimed at drivers ready to forgo auto ownership.
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China pledged measures to ease traffic congestion with a goal of public transport accounting for 60 percent of all motor vehicle use in towns and cities.
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China added more cars last year than the total number plying its roads in 1999, illustrating the challenges the government faces in controlling vehicular emissions and traffic congestion in its cities.
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China’s CSI 300 Index entered a bull market after rallying 20 percent from its 2012 low amid signs of an economic recovery in the world’s second-largest economy.
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Beijing put four subway lines and extensions into operation yesterday as part of the Chinese capital’s efforts to expand its public urban transport network and ease traffic congestion.
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Bayerische Motoren Werke AG’s Rolls- Royce plans to unveil a new car in the next couple of weeks to help extend record sales, the ultra-luxury automobile brand’s chief executive officer said.
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Late for a pickup basketball game without a taxi in sight, San Francisco resident Shobeir Shobeiri summoned a nearby driver with a few taps on his smartphone. Five minutes later, Shobeiri, 31, found himself in the back seat of a silver Scion sporting a furry pink mustache on its front bumper.
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China’s stocks rose, led by health- care and financial companies, amid signs of an economic recovery in the world’s second-largest economy.
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