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China clears VW for Level 3 tests and Xpeng for Level 4 robotaxis

Volkswagen and Xpeng have won approval to run higher levels of self-driving on public roads in China. VW has started Level 3 road tests in Hefei. Xpeng can now run Level 4 robotaxi services across Guangzhou. Both companies announced the approvals on Monday.

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Startups

Skydance offers staff buyouts after Warner Bros merger

Skydance, the company formed by Paramount’s $110bn takeover of Warner Bros. Discovery, is offering some employees voluntary buyouts as it looks to cut costs. Co-chief executives David Ellison and Ynon Kreiz announced the programme in a memo to staff on Monday, The Hollywood Reporter reported.

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