The U.S. Department of Justice has charged two Volkswagen engineers with securities fraud over an alleged insider trading scheme related to the German automaker’s joint venture with Rivian. The indictment, unsealed Friday by the U.S. Attorney for the Southern District of New York, alleges that Michael Stamp and Marcus Plank earned more than $300,000 using
Rivian has filed a lawsuit against the US government in an attempt to recover a “full refund” of the tariffs it paid under President Trump’s “Liberation Day” taxes, which the Supreme Court later declared unconstitutional. The automaker joins a long list of companies seeking such refunds. In April, Rivian Chief Financial Officer Claire McDonough said
Tesla’s fledgling “Robotaxi” network drove fewer miles for paying customers in the second quarter than in the first, according to a chart the company released Wednesday. The quarter-over-quarter decline runs counter to Tesla’s rhetoric and actions over the past year. Tesla has staked much of its future on the idea of a massive, low-cost, cash-generating
Mobileye founder and CEO Amnon Shashua plans to step down from the top leadership role after nearly three decades, just as the company moves toward robotaxis and humanoid robots. Shashua will remain CEO until Mobileye hires a replacement, according to a regulatory filing Thursday. Mobileye began manufacturing computer vision chips based on Shashua’s academic research
US regulators will begin developing new requirements for automakers to ensure drivers and passengers can exit their vehicles safely. The new rulemaking process, outlined in a regulatory filing and first reported by Bloomberg, follows a series of incidents, including some fatal, in which people were trapped inside cars with flush, electronically actuated door handles, like
Tesla has some numbers to tout its progress on Robotaxi. CEO Elon Musk and other executives said during Tesla’s second-quarter earnings conference call Wednesday that the company continues to expand its autonomous ride-sharing platform, adding more cities and more unattended rides. Since Tesla first launched Robotaxi in June 2025 with a small fleet of Model