The U.S. Department of Transportation will award as much as $60 million in grants this spring to communities seeking to demonstrate automated-driving systems. The applicants include a number of smaller communities.
Heightened price competition and dwindling new car sales have luxury dealers turning to the used car market where there's new financial opportunity.
In Carvana's most recent quarterly earnings call, CEO Ernie Garcia said the company more than tripled its customer-sourced car volume in 2018, but still lags behind the industry leader.
When it comes to EV development, Chinese brands have a powerful motive that their foreign rivals do not.
Velodyne Lidar's Alpha Puck has surpassed other available lidar systems, based on three parameters — field of view, resolution and range -- said Senior Vice President Mircea Gradu.
