The Edge Transportation Exchange is a V2X platform improving real-time communication between vehicles, infrastructure, and pedestrians, supporting road safety and traffic efficiency.
The automakers are hoping for a deal in June, a source told Reuters, while noting that it would rely on the companies pledging substantial investment in the U.S. to convince the administration.
Four former Volkswagen AG executives received prison sentences on Monday for orchestrating a decade-long emissions cheating scandal that cost the automaker over $30 billion in fines and accelerated the industry's shift toward electric vehicles.
While U.S. markets remained closed Monday for Memorial Day, European equities surged after President Donald Trump agreed to delay a planned 50% tariff on European Union imports, easing investor concerns and reviving risk appetite.
President Trump warns Apple of 25% tariff if they don't manufacture iPhones in the U.S. DOT expected to declare CAFE regulations exceeded legal authority. Apple poaches Google's AI chief but still behind in AI race. Meta's Instagram testing referral program.
Shares of Chinese electric vehicle battery giant Contemporary Amperex Technology Co. Ltd. (CATL) jumped 12.5% in their Hong Kong trading debut Tuesday after raising $4.6 billion in the world's largest listing this year.
Rivian shares have gained in recent sessions, trending after better-than-expected Q1 financial results. R2 progress, VW investment boost outlook; revised guidance and new bill create headwinds.
