Autonomous trucking company Aurora Innovation says it plans to go completely driverless at the end of the month, a key milestone that promises to reshape the trucking industry. After years of development, Pittsburgh-based Aurora is launching commercial driverless operations this month on a popular freight route between Dallas and Houston.

Aurora Innovation will release first quarter 2025 results after market close on May 8, 2025.

Aurora Innovation shares surged 15% in premarket trading on Monday.

Troubled electric vehicle startup Faraday Future’s board of directors has appointed founder Jia Yueting as the company’s co-CEO, three years after he was sidelined following an internal probe into allegations of fraud — a probe that led to an investigation by the Securities and Exchange Commission that remains ongoing.

Faraday Future shares jumped 12% in premarket trading on Monday.

Jia will serve alongside current CEO Matthias Aydt and will oversee Faraday’s finance, legal, and supply chain teams, the company announced in a press conference Thursday. Aydt is a longtime Faraday Future employee who was once placed on probation after he offered to pay a Faraday Future board member up to $700,000 to resign in the middle of a months-long power struggle over the company.

Jia’s appointment comes just one month after Faraday Future named Jia’s nephew Jerry Wang as president of the EV startup. Wang resigned in 2022 as a result of the internal probe because of a “failure to cooperate with the investigation,” according to filings with the Securities and Exchange Commission.

Faraday Future was founded by Jia in 2014 as he looked to build on what was at the time a successful electronics and media streaming empire in China.

That empire collapsed, and Jia self-exiled to the U.S. to focus on Faraday Future. The company has spent the last decade and over $3 billion to develop an ultra-luxury EV called the FF91. But it has only sold around a dozen of them to date, and has been accused in lawsuits of misrepresenting some of those sales.

Toyota said it is exploring the possibility of investing in a potential buyout of key parts supplier Toyota Industries - a buyout that reportedly could cost $42 billion.

"We are currently exploring various possibilities, including partial investment," the automaker said in a filing with the Tokyo stock exchange on Saturday following reports about the possible buyout.

Bloomberg News reported on Friday that Toyota Chairman Akio Toyoda and his founder family have proposed acquiring Toyota Industries in a possible 6 trillion yen ($42 billion) deal.

US-listed shares of Toyota jumped 3% in premarket trading on Monday.

Toyota Industries, which has a market value of 4 trillion yen, said in a statement it had received proposals about going private through a special purpose company but denied it had received a buyout proposal from the Toyota chairman or the Toyota group.

Two sources familiar with the matter said Toyota Industries is considering tapping Toyota and its group companies as well as major banks to fund a buyout. They also said the proposal did not come from Akio Toyoda or the Toyota group.

The sources, who declined to be identified as the matter is not public, said if Toyota Industries were to go private, it would help improve the Toyota group's corporate governance as cross-shareholdings would be unwound.

Toyota owned 24% of Toyota Industries as of September last year, while Toyota Industries held 9.07% of Toyota and 5.41% of Denso, another key Toyota supplier.

Toyota Industries has faced increasing shareholder pressure to unwind its cross shareholdings so that it can boost shareholder returns and make investments.

It has sold some of its cross shareholdings including stock in Aisin, another core Toyota group supplier.

One of the sources said going private would also give Toyota Industries the freedom to focus on growth strategies without worrying about shareholder returns.

Cross-shareholdings, where companies hold shares in each other and are very common in Japan, have been under increasing scrutiny from regulators and shareholders as the practice can insulate management from having to serve the interests of general shareholders.

Toyota Industries, formerly Toyoda Automatic Loom Works, was founded in 1926 by Sakichi Toyoda to manufacture automatic looms. An automotive division within the company was created and later spun off as Toyota Motor. Toyota Industries is a major manufacturer of forklifts, produces the RAV4 sport utility vehicle for Toyota Motor as well as engines.