Tesla Inc. has surpassed General Motors in market capitalization to become the most valuable publicly traded automaker as investor enthusiasm continues to ramp up for the company.
The national average price of a gallon of unleaded gasoline increased 6 cents to $2.39 for the week ending April 10 following the switch over to more expensive summer-blend gasoline and increased driving demand, according to AAA.
Toyota will invest $1.33 billion to retool its Georgetown, Ky., assembly plant where it builds the Camry mid-size sedan, which is said will be fully build in the U.S. starting with the 2018 model year.
While wholesale used-vehicle prices declined by 0.5% in March, the Manheim Used Vehicle Value Index — a measure of wholesale prices adjusted for mix, mileage and season — came to a reading of 124.1. This is an increase of 1.3% from a year ago.
BYD has joined the California Air Resources Board, Bay Area Air Quality Management District, and SF Goodwill on the launch of a new project that will bring 11 clean, zero-emission battery electric trucks to operate throughout the Bay Area communities.
Cadillac Super Cruise, available this fall, relies on a driver attention system and LiDAR map data and works together with the car’s network of cameras and radar sensors.
Law enforcement agencies in New York and Los Angeles plan to begin using a new pursuit-rated gasoline-electric hybrid sedan that the automaker unveiled this week at Los Angeles Police Department headquarters. Agencies can order the Police Responder Hybrid Sedan this spring, and Ford will begin delivering it next summer.