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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. 

UPS and FedEx said Nov. 7 that they were grounding their fleets of McDonnell Douglas MD-11s “out of an abundance of caution." The planes make up about 9% and 4% of their fleets, respectively.

It’s unclear if the next few months will mark a turning point for the struggling farm machinery sector, with minimal details on the U.S.-China trade deal for manufacturers.

Daimler Truck North America orders in the most recent quarter totaled 26,168 trucks and buses, down 29% year over year from 36,794 vehicles, but nearly double Q2’s 13,842 total.

Honda lowered its profit projection for the fiscal year through March 2026 to $2 billion, which would be a decline of 64% from the year before.

First Brands Group won access to $600 million of remaining bankruptcy financing, which company lawyers said was needed to prevent the company from immediately shutting down.

The U.S. is pushing forward on President Trump’s pledge to pause penalties aimed at China’s shipbuilding industry, a key concession in his interim trade pact with counterpart Xi Jinping.

Rep. Sam Graves said he intends to advance a surface transportation measure that recognizes emerging technologies while prioritizing long-standing infrastructure networks.

Data provided to Transport Topics shows an acceleration in carrier capacity exits, and observers see a number of macroeconomic dominoes starting to fall into place.