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Bill Ford Reaffirms Shift Away From Sedans

Ford Motor Co. Chairman Bill Ford sought to reassure investors today that the company's decision to discontinue several of its sedans isn't a retreat but would instead help reshape the company's lineup.

GM to Start EV Rollout in 2021

General Motors will begin rolling out its next-generation of electric vehicles in 2021, and it seeks to reach its goal of offering 20 such vehicles by 2023, CEO Mary Barra told investors on Wednesday.

EDI Acquires $15M Financing for PHEVs, EVs

Efficient Drivetrains, Inc. (EDI) has closed initial funds in its Series C financing round toward funding the company's PHEV and EV solutions, and is is forecasted to close in Q4 2016 at $15 million.

Investor Consortium to Acquire LeasePlan Corp.

The Dutch parent of LeasePlan USA, which is one of the largest global fleet management companies, will be sold to a consortium of investors including pension funds in The Netherlands, Denmark, and Singapore.

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