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Autonomous Vehicles

Volvo in Talks to Acquire Luxe Assets

Volvo, the Chinese-owned car brand, has been in talks to acquire the assets and intellectual property of Luxe, the recently suspended on-demand parking valet app, according to two people with knowledge of the pending deal.

The purchase price and the components of the proposed deal couldn’t be learned. Luxe had a private valuation of more than $100 million as of early last year.

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