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January, 19, 2017

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Business > Americas
Wheels to watch at Detroit auto show
From hot-selling SUVs of all sizes to the a redesign for the Toyota Camry, the top-selling car in the U.S., the 2017 North American International Auto Show has a diverse lineup of new vehicles.
 
Fiat Chrysler will add three new Jeeps to its lineup including a pickup truck as it invests US$1 billion in two U.S. factories, furthering its effort to increase production of hot-selling SUVs and pickup trucks and get out of producing small and midsize cars. The expansion will create 2,000 new jobs.
 
America's favorite car is under attack.
 
U.S. Energy Secretary Ernest Moniz was in Mexico Saturday to sign a framework agreement on principles aimed at building the kind of cross-border electricity market with Mexico that the United States already has with Canada.
 
Nate Lowenstein has been shopping for a home in Los Angeles, on and off, for more than a year. His search has been stymied by a stubbornly low roster of homes on the market and the hurdles that come with it: multiple competing bids and higher prices.
 
The U.S. oil industry is feeling guarded optimism going into 2017 as it pivots from a brutal two-year slump prompted by crashing crude prices.
 
Gas price fury in Mexico
People ransack a store in Veracruz, Mexico on Thursday, Jan. 5. Anger over gasoline price hikes is fueling more protests and looting. Officials say the unrest has resulted in the death of a policeman, the ransacking of hundreds of stores and arrests of hundreds of people.
 
Canada 'not scared' of Trump protectionism
Canada's international trade minister said Thursday that pressure by U.S. President-elect Donald Trump would not keep American firms from investing in Canada or prompt them to withdraw any investments already
 
Growth in the massive services sector of the U.S. economy held steady in December, matching the brisk pace recorded in November, the Institute for Supply Management reported Thursday.
 
The Mexican central bank intervened in the foreign exchange market to prop up the peso on Thursday after Ford's decision to scrap a new factory caused the currency to sink.
 
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