Cruise executives asked California regulators Monday to amend their existing permit to allow for testing of autonomous vehicles throughout the state.
Of the combined 90,000 reservations for the GMC Hummer EV SUV and pickup, about 75 percent are new to the brand, half favor the SUV and the West Coast is proving to be a strong market.
Jaguar Land Rover has started the process of reducing Jaguar stores by offering dealers extra allocations of hot-selling Land Rover nameplates, such as the redesigned Range Rover, Range Rover Sport and Defender, if they give up their Jaguar franchises.
Cupra has begun market testing for a possible expansion to the U.S., as it targets annual global sales of 500,000 cars a year. CEO Wayne Griffiths says any launch in the U.S. will come only after Cupra increases its market share in Europe.
The SVB failure shows auto tech and retail tech startups the benefits of spreading assets among multiple financial institutions. Crisis plans are also key when a bank fails.
