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The Stockholm-based autonomous driving startup will combine with special purpose acquisition company Legato Merger and is set to raise $319 million in the process, the company said Nov. 12.

The company will use the money to speed production of what CEO Josh Araujo calls the “Swiss Army knife” of military autonomous vehicles. 

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For companies that make technology subject to Commerce Department licensing, the expected pause offers a welcome reprieve from a policy they viewed as a massive compliance headache.

This exclusive report features insights from Eaton's Tim Bauer on how predictive cruise control increases driver speeds and earnings, delivers 7.9% fuel savings and builds trust through responsive feedback systems. Discover the coaching strategies that turn ADAS skepticism into measurable fleet performance gains.

Siddhant Awasthi's decision follows a string of executive exits at Tesla, which has grappled with lukewarm consumer demand and the loss of U.S. incentives while pursuing new business lines.

President Donald Trump's return to the White House in January kicked off a roller coaster year for manufacturers, retailers and other U.S. industries dependent on goods from abroad.

J.B. Hunt has 200 compressed natural gas trucks, most of which have 12-liter engines. Over the past 12 months, the carrier introduced 15-liter RNG engines to its fleet.

Dutch PM Dick Schoof said China agreed to resume deliveries of Nexperia chips from plants in the country, signaling a possible breakthrough in a clash that risked disrupting auto production.

On-highway truck and engine sales in North America are set to fall 15% in the fourth quarter compared with Q3, Cummins Chief Financial Officer Mark Smith warned analysts and investors.