Toyota held on to its title as the world’s most valuable car brand for the sixth year in a row while Mercedes passed BMW to finish second for the first time in an annual brand ranking.
NIO, the Chinese EV startup backed by Tencent, has filed confidentially for a planned U.S. initial public offering, Bloomberg reported, citing people familiar with the matter.
A state law enacted last year is getting the attention of automated-vehicle developers as Texas cities band together to attract pilot projects.
Even if the business is built around technology, attention is what brings in the investment dollars and helps make the business understandable to regular consumers.
With a signature from President Donald Trump last week, the Bureau of Consumer Financial Protection’s auto lending guidance was officially repealed, but two lenders remain bound by consent orders formed on the basis of potentially violating that…