This week was a whirlwind of news in the tech and auto sectors. From Rivian’s impressive Q2 results to Trump’s push for autonomous vehicle deployment, there was no shortage of headlines. Let’s dive into the top stories.
Rivian’s Q2 Earnings: A Double Beat
Rivian Automotive posted Q2 revenue of $1.66 billion, a 27% increase year-over-year, surpassing the Street consensus estimate of $1.51 billion. The CEO hailed their R2 model as a ‘game changer’.
Trump’s DOT Accelerates AV Deployment
Transportation Secretary Sean Duffy directed the National Highway Traffic Safety Administration (NHTSA) to implement policy changes to accelerate American automated vehicle (AV) innovation. The directives include a temporary exemption for Zoox to deploy 2,500 Robotaxis annually for two years.
Ford CEO Backs USMCA Overhaul
Ford’s CEO, Jim Farley, expressed support for an overhaul of the USMCA, stating that it was ‘critical’ for Ford to compete with Japan and South Korea. Farley outlined strong steel and aluminum supply for South Korean and Japanese automakers, as well as a “modest” 15% tariff on them.
Boeing Aircraft Linked to Sudan’s RSF
A Boeing Co. aircraft, linked with a U.S. government contractor, was reportedly found to have transported drones, weapons and mercenaries for Sudan’s Rapid Support Forces (RSF), according to United Nations experts.
Baidu’s Apollo Go Begins London AV Testing
Baidu’s Apollo Go will test its latest RT6 autonomous vehicles in London with Lyft-backed ride-hailing company Freenow. The company says public rides are scheduled to begin in 2027, pending regulatory approval.
Ford’s Mixed Q2 Results
Ford reported Q2 revenue of $44.89 billion, missing the consensus estimate of $45.81 billion. However, the company reported Q2 adjusted earnings of 42 cents per share, beating estimates of 35 cents per share.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock
Recent Comments