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Self-driving startup Drive.ai raised $50 million in a second round of funding as the Silicon Valley company prepares to deploy its technology in pilot vehicles later this year.
Lawyers for people injured by exploding Takata airbags told a U.S. bankruptcy court judge that the company's restructuring plan is being skewed to benefit automakers over victims.
A second U-turn this year by Ford in Mexico has raised the specter of Chinese competition for local carmaking, adding more economic and political pressure on the industry.
Sent early Monday mornings, this newsletter contains a summary of key stories from our weekly edition.
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