Renault SA plans to sell shares in Daimler AG worth about $1.4 billion (1.2 billion euros) to secure funds for its turnaround efforts after a record annual loss.

Workhorse Group Inc. rose after a U.S. lawmaker raised questions about a $54.2 million late-day block trade in competitor Oshkosh Corp. on the eve of a blockbuster U.S. Postal Service contract award.

The U.S. Postal Service currently plans for only 10% of its new truck fleet to be electric, Postmaster General Louis DeJoy said Feb. 24, angering environmentalists who say the move flies in the face of a White House executive order to electrify the government’s vehicles.

A Senate committee began consideration Feb. 24 of President Joe Biden’s follow-up to the pandemic-relief bill: a major push on infrastructure.

President Joe Biden said his administration is seeking to help small businesses by giving them exclusive access to the Paycheck Protection Program for two weeks, and he called on lawmakers to pass his $1.9 trillion stimulus plan to provide additional assistance.

Lucid Motors Inc. is nearing a deal to go public through a merger with a blank-check company started by investment banker Michael Klein that could be announced early this week, according to people familiar with the matter.

Apple Inc. is in discussions with multiple suppliers of self-driving car sensors known as lidar, according to people familiar with the matter, a key milestone toward development of its first passenger vehicle.

Texas is restricting the flow of natural gas across state lines in an extraordinary move that some are calling a violation of the U.S. Constitution’s commerce clause.

Goldman Sachs Group Inc. is creating a joint venture in its investment bank focused on catering to auto technology clients such as Tesla Inc. and the new class of companies trying to take on the top electric vehicle maker.

Rivian Automotive Inc., the electric-vehicle maker backed by Amazon .com Inc., is scouting locations in Europe to build a new factory, according to people familiar with the matter.