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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. 

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.

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.

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.

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

Global freight flows have entered a period of transformation as the U.S.-led trade war and other policy changes have upended the business landscape for international shipping.

Daimler Truck North America, Paccar, Volvo Group North America and International Motors argued that the CTP violates the Clean Air Act and the Supremacy Clause of the U.S. Constitution.

High-voltage battery packs in Jeep Wrangler and Grand Cherokee models may have been built with cells susceptible to separator damage, according to a notice posted to NHTSA’s website.

WeRide is set to raise HK$2.39 billion ($308 million) from its Hong Kong share sale, according to people familiar with the matter.