While other automakers' shares have come back slowly, Tesla’s have soared, closing Tuesday at a record high of $1,079.81. The company’s market capitalization has shot up to $200.3 billion.
The self-driving truck company is working with partners UPS Inc., Penske Truck Leasing, carrier fleet operator U.S. Xpress and supply chain services company McLane on the network, which aims to speed development of fully autonomous commercial vehicles.
In the letter, the coalition asked Congress to reject the five-year federal preemption on state actions regarding telematics data-sharing that the Alliance for Automotive Innovation requested in June.
Automakers would have until the end of 2020 to fully certify that production plans comply with the new trade pact's rules and U.S. Customs and Border Protection will apply an "informed compliance period" for the first six months of 2021.
U.S. light-vehicle sales at Hyundai fell 22 percent in June, the brand’s second-smallest monthly drop since the coronavirus largely shuttered showrooms in March. Overall industry sales are forecast to fall 24 to 30 percent in June, based on several forecasts, with every automaker posting declines.
Wahlberg and partner Jay Feldman, a Michigan dealer, have purchased Haydocy Buick-GMC in Columbus, Ohio. The dealership has been renamed Mark Wahlberg Buick-GMC.
The recall affects more than 300,000 vehicles in the United States and covers several models produced between 2006 and 2019.
