“We lag behind in shaping a regulatory framework that will foster this innovation while simultaneously protecting and encouraging all of the important benefits we believe autonomous vehicles are capable of delivering,” wrote the senators.
Carvana raised nearly $3.3 billion through the junk bond sale, which will finance its acquisition of Adesa Inc.’s U.S. car-auction business and improvements across 56 of its sites.
Dodge hopes to unveil the compact crossover plug-in hybrid around the same time as Detroit’s Woodward Dream Cruise and Roadkill Nights Powered by Dodge, a drag-racing event that spotlights muscle car culture.
The automaker reached a deal with Saudi Arabia’s Ministry of Finance for 50,000 EVs over that span, with the option for another 50,000 units.
The Houston-based public dealership group’s net income rose 99 percent for the quarter, while revenue rose 30 percent.