David Welch

4 weeks ago | news.bloomberglaw.com | David Welch |Ed Ludlow |Kara Carlson

Elon Musk is pushing lawmakers to help clear a path for driverless vehicles, according to people familiar with the matter, part of a broader effort behind the scenes to lobby for a key priority of Tesla Inc. In recent weeks, Musk and people who work for him have been calling members of Congress directly to gather support, said the people, who asked not to be named because the discussions are private.

2 months ago | news.bloombergtax.com | David Welch |Keith Naughton |Gabrielle Coppola

Automakers including General Motors Co. and Hyundai Motor Co. reported higher US auto sales as the threat of price hikes from President Donald Trump’s tariffs drove consumers to showrooms. GM’s deliveries soared 17% in the first quarter, with a 15% gain in retail volume, the company said Tuesday. Ford Motor Co. saw retail sales rise while Toyota Motor Corp. reported slight growth in the first three months of the year.

Mar 17, 2025 | news.bloomberglaw.com | Monica Raymunt |Gabrielle Coppola |Jacob Lorinc |David Welch

Volkswagen AG has been wanting to build more cars in North America. Now, as Donald Trump embarks on a trade war that’s roiled the global auto industry, the German carmaker’s calculus has grown far more complicated. About this time last year, the company was considering expanding a plant in Tennessee, using a factory it’s planning in South Carolina or boosting operations in Mexico. Executives are now looking primarily at options in the US Southeast, according to people familiar with the matter.

Mar 11, 2025 | news.bloombergtax.com | Gillian Tan |Crystal Tse |David Welch

Ares Acquisition Corp. II is in advanced talks to merge with autonomous trucking startup Kodiak Robotics, according to people with knowledge of the matter. A transaction may value the combined entity at about $2 billion, said some of the people, all of whom requested anonymity to discuss confidential information. The Ares special purpose acquisition company, or SPAC, was vying for Kodiak against rival bidders, some of the people said.

Mar 11, 2025 | news.bloomberglaw.com | Gillian Tan |Crystal Tse |David Welch

Ares Acquisition Corp. II is in advanced talks to merge with autonomous trucking startup Kodiak Robotics, according to people with knowledge of the matter. A transaction may value the combined entity at about $2 billion, said some of the people, all of whom requested anonymity to discuss confidential information. The Ares special purpose acquisition company, or SPAC, was vying for Kodiak against rival bidders, some of the people said.