De Meo’s departure has renewed concerns about Renault’s ability to remain competitive amid rising pressure from Chinese automakers and the costly transition to electric vehicles.
Chinese EV maker Xpeng has developed high-performance chips for autonomous driving, aiming to beat Nvidia. It also plans to supply chips to other carmakers.
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.
