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FRANKFURT, Germany — Automaker Volkswagen is accelerating its move into battery-powered cars, saying it will reach its goal of 1 million electric cars per year two years earlier than planned.

Uber Technologies Inc.’s former Chief Executive Officer Travis Kalanick is stepping down from the board, severing his last ties to the company he co-founded a decade ago and helped become one of the world’s most valuable, and controversial, startups.

General Motors Co. and Tesla are about to become the first automakers that will have to sell EVs without the benefit of a $7,500 federal tax credit.

The day Youngstown’s steel mills began shutting down 40 years ago remains fresh in the minds of those who live in the blue-collar corner of Ohio. Community leaders don’t want the recent closing of General Motors’ massive assembly plant to leave that same lingering gloom.

All but the smallest civilian drones would have to broadcast radio tracking data to ensure greater safety and prevent terrorism under a sweeping proposal unveiled by U.S. regulators Dec. 26.

Amazon.com Inc.’s stock had the biggest advance on the S&P 500 Index after the e-commerce giant said its holiday season this year was “record-breaking,” with billions of items shipped and “tens of millions” of Amazon devices like the Echo Dot sold.

Rivian Automotive Inc., the electric truck maker already backed by Amazon.com and Ford Motor Co., raised another $1.3 billion from investors led by T. Rowe Price to support the rollout of its debut vehicles next year.

Tesla Inc. climbed above $420 for the first time Dec. 23 as fresh financing arranged from banks in China added to optimism supporting a monthslong rally.

Volvo Group appointed Nils Jaeger president of its new autonomous solutions business unit.

Despite some cautionary notes, public comment on a National Highway Traffic Safety Administration advanced notice of proposed rulemaking largely favored permitting camera-based, rear-visibility systems to replace mirrors on light vehicles and heavy trucks.