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The automaker will equip its upcoming R2 sport utility vehicles with Rivian Autonomy Processor 1 chips and a new lidar sensor. TSMC will produce the chips.

The operating software was updated in all vehicles by Nov. 17. The software may cause the vehicle to pass a stopped school bus even when the red lights are flashing and/or stop arm is extended.

In October, Nassau County District Attorney Anne Donnelly and New York State Inspector General Lucy Lang announced a 51-count indictment against seven people.

The goods and services trade gap shrank nearly 11% from the prior month to $52.8 billion, Commerce Department data showed Dec. 11.

The S&P 500 entry, announced Dec. 5, has added fuel to the shares’ ascent. The first day Carvana trades in the index will be Dec. 22. 

Mexico’s Senate on Dec. 10 voted in favor of the bill that imposes tariffs of between 5% and 50% on more than 1,400 products from Asian nations that don’t have a trade deal with Mexico.

The U.S. Court of Appeals for the D.C. Circuit on Dec. 3 granted the agency’s Nov. 19 request to hold the case in abeyance, effectively putting the case on hold.

Volkswagen said it’s monitoring market developments and has reserved the range extender concept for its future EV platform.

North American Class 8 truck orders fell from the prior year and sequentially in November despite the month usually being the third strongest of the year.

The Atlanta beverage giant said its board elected Henrique Braun as CEO effective March 31. James Quincey, Coke's current chairman and CEO, will transition to executive chairman.