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A special purpose vehicle is a subsidiary company created by a parent company to undertake specific projects or transactions. SPVs can be used for a variety of reasons, including asset securitization, risk management, or to circumvent regulatory hurdles. The fundamental premise behind SPVs is that they allow the parent company to isolate financial risk, ensuring that any liabilities remain confined to the SPV and do not affect the parent company's balance sheet.


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One notable example of this trend is the expanding lineup of crossover SUVs equipped with towing features. Vehicles such as the Honda CR-V, Toyota RAV4, and Ford Escape now offer towing packages, enabling customers to attach small trailers without compromising their vehicle's day-to-day functionality. Moreover, manufacturers emphasize the versatility and practicality of these vehicles, appealing to a broader audience eager for both urban mobility and adventure-ready capabilities.


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