Geely Holding-owned Polestar failed to secure an exemption to the Connected Vehicle Rule and may no longer sell new EVs in the United States. +
Kevin Warsh joined a unanimous vote to hold the Federal Reserve’s target lending rate at 3.5% to 3.75% and warned inflation could force an increase. +
President Donald Trump has signed an executive order establishing federal regulatory oversight of advanced AI, establishing a 30-day government review period for “frontier” models. +
President Donald Trump called off an executive order establishing constraints on AI hours before a signing ceremony, fearing it would affect America’s competitive advantage. +
The Federal Reserve board of governors voted 8-4 in favor of holding its target lending rate at 3.5% to 3.75%, where it has stood since December, in what was likely its last meeting led by chairman Jerome Powell. +
Factories sharing new vehicle sales reports with the Automotive News Data Center suffered a roughly 5% drop in total volume in the first quarter, driven in large part by a double-digit decline in March. +
The Federal Reserve has decided to keep its target lending rate at 3.5% to 3.75% in an 11-1 vote held amid persistent inflation and new geopolitical concerns. +
President Donald Trump says imported vehicles and parts are not subject to a new 15% tariff enacted after the Supreme Court restricted his ability to regulate trade. +
The U.S. Supreme Court has decided President Donald Trump exceeded his authority by using the International Emergency Economic Powers Act to levy tariffs on imported goods. +
Citing progress toward a deal, President Donald Trump has rescinded his threat to punish eight European nations with a 10% tariff for opposing his efforts to acquire Greenland. +
