MANAGING PUBLIC SECTOR VEHICLES & EQUIPMENT
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Fed Hikes Interest Rates for Second Time in Decade

Policy makers at the Federal Reserve on Wednesday announced an increase in interest rates for the first time this year and only the second time since the depths of the Great Recession and there are expected to be at least some repercussions for trucking.

Renault Continues Investment in Brazil

Renault Group has announced a new investment cycle in Brazil in the amount of R$ 500 million (€162 million) over the 2014-2019 period. This investment will be channeled into the development of two new cars at Renault’s plant in Curitiba.

Toyota to End Australian Production in 2017

Toyota Motor Corporation will end Australian vehicle and engine production by the end of 2017 due to an "extremely competitive market" and strong Australian dollar, following recent exits by General Motors and Ford.