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The U.S., despite decades of research and studies, remains without authentic high-speed rail options.

Since 1987, investors have attempted to introduce bullet train service to Texas. In 2014, a group organized under the name Texas Central launched the most recent attempt to connect Dallas to Houston with a bullet train that travels more than 200 miles per hour, shortening a three and a half hour drive to a 90-minute train ride.

“You cannot do that in a car,” said Andy Byford, senior vice president of high-speed rail programs at Amtrak. “You cannot do that if you fly, if you factor in going to the airport, going through security, getting back in from the airport at the other end.”

Byford is the latest in a long line of U.S. policy experts to call for more high-speed rail connections in the U.S. In 2023, Amtrak revived hopes for the bullet train in the Texas Triangle, when it announced its intention to broaden its partnership with Texas Central.

The fast-growing region contains both the Dallas-Fort Worth metroplex and Houston, two of the largest population centers in the country.

“If you don’t build high-speed rail between Dallas and Houston, then you only have two options,” said Congressman Seth Moulton, D-Mass., a former managing director at Texas Central. “You can either expand the airport or expand the highway. It’s not going to decrease the travel time between those cities. It’s still going to take at least three hours to get between Dallas and Houston”

Local experts told CNBC that the swelling population of Texas drivers has taken a toll on roads in the area, leading to traffic congestion and safety issues.

“Our transportation system is just really trying to keep up with our population growth” said Brianne Glover, senior research scientist at Texas A&M University’s Transportation Institute. “Commuters experience somewhere around 40 hours of delay each year.”

The Texas Central project has been repeatedly delayed as its backers navigate various regulatory hurdles, including environmental reviews and disputes over property rights. In 2022, the Texas Supreme Court declared that Texas Central, a private entity, met the legal definition of a public interurban electric railway company, giving it the power of eminent domain.

“When I was notified by my nephew through an article about eminent domain, I was absolutely shocked,” said Jody Berry, a Dallas-based farmer who has opposed the Texas Central initiative. The proposed alignment for the Texas high-speed rail project crosses Morney-Berry Farm, which Berry’s family has cultivated for generations.

“Finding out that the high-speed rail could potentially go through our property has made it very difficult for me to sleep,” Berry said.

The project is expected to cost at least $33.6 billion dollars, according to a March 2023 estimate from the Reason Foundation. Similar high-speed rail projects around the world have faced substantial cost overruns in development, including Japan’s Tokaido Shinkansen system. The route in Texas is designed to leverage N700 cars found on the Shinkansen system.

The Texas effort has received substantial support from firms in Japan and the U.S. government. In 2018, the Japan Bank for International Cooperation issued a $300 million loan to support the project. And in late 2023, Texas Central received a Corridor ID program grant to study the route’s potential for partnership with Amtrak.

With a historic $66 billion commitment to passenger rail, the U.S. government under Biden appears to have its best bet in generations to build high-speed rail systems. But the project and other publicly subsidized ones, such as the California project connecting Los Angeles to San Francisco, remain uncertain. The California project’s estimated cost skyrocketed from $33 billion to over $100 billion amid delays and pushback from rural landowners, according to the California High-Speed Rail Authority.

“The Biden Administration’s aspirations for high-speed rail fail to account for several realities, including lack of customer demand, economic viability, and impact on existing rail infrastructure,” said Rep. Troy Nehls, R-Texas, in a November 2023 congressional hearing on intercity passenger rail systems.

The backers of Texas Central declined repeated requests from CNBC for a comment on the project’s progress and expected completion date.

Watch the video above to learn about the long effort to bring high-speed rail system to the Texas Triangle.

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Mercedes-Benz unveils the new CLA Shooting Brake — its first electric estate car

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Mercedes-Benz unveils the new CLA Shooting Brake — its first electric estate car

The new CLA Shooting Brake is the first electric Mercedes vehicle available as an estate. It’s more spacious, more capable, and more high-tech than ever.

Meet the new Mercedes CLA Shooting Brake EV

Mercedes introduced the new CLA Shooting Brake on Tuesday, its first electric estate car. The Shooting Brake arrives as the second EV from the luxury brand’s new entry-level family of vehicles.

The electric wagon takes the best of the new CLA, which was revealed just a few weeks ago, and adds more space and capability.

It’s also bigger than the current CLA Shooting Brake, offering a more spacious interior. The new EV measures 4,723 mm in length, or 35 mm longer than the outgoing model.

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With an extended wheelbase of 2,790 mm (+61 mm), the electric version offers 14 mm more headroom and 11 mm more legroom in the front. Rear passengers gain 7 mm of headroom but lose 6 mm of legroom compared to the current model.

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Mercedes-Benz CLA Shooting Brake models (Source: Mercedes-Benz)

Boot space is 455 L, which is 50 L more than the CLA sedan, but 30 L less than the outgoing Shooting Brake. However, it does include an added Frunk (front trunk) for an extra 101 L of storage space.

With all seats folded, overall storage space is 1,290 L. It also comes with standard roof rails, which Mercedes claims can easily fit surfboards or bicycles with a 75 kg (165 lbs) load capacity.

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Mercedes-Benz CLA Shooting Brake with EQ Technology (Source: Mercedes-Benz)

Inside, the new Shooting Brake is nearly identical to the CLA Sedan. It features the new Mercedes-Benz Operating System (MB.OS) with its fourth-gen infotainment.

The setup includes a 14″ infotainment and 10.25″ driver display screens. An extra 14″ passenger screen is available. A trim piece with star-pattern graphics replaces it if not. All three screens are powered by the latest-gen chips and graphics from Unity Game Engine.

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Mercedes-Benz CLA Shooting Brake EV interior (Source: Mercedes-Benz)

Powered by the new Mercedes-Benz Modular Architecture and an 85 kWh battery, the new Shooting Brake EV offers up to 473 miles (761 km) WLTP range.

It will be available in single and dual-motor powertrains. The base CLA 250+ Shooting Brake has 268 hp (200 kW) output and a WLTP range of up to 473 miles (761 km). Meanwhile, the dual-motor CLA 350 4MATIC Shooting Brake has combined 349 hp (260 kW) and a range of up to 454 miles (730 km).

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Mercedes-Benz CLA Shooting Brake EV interior (Source: Mercedes-Benz)

Based on its 800V architecture, the new electric estate can add 193 miles (310 km) WLTP driving range within 10 minutes. Mercedes said that should be plenty to get from Geneva to Milan or Berlin to Hamburg.

Mercedes will introduce new EV variants in early 2026, followed by a 1.5 L hybrid model. Prices will be revealed closer to launch, but it’s expected to start slightly higher than the current model. The current CLA Shooting Brake starts at around €40,000 ($46,500) in Europe.

Following the new CLA and CLA Shooting Brake, Mercedes-Benz plans to launch two SUVs. Check back soon for more info on the upcoming lineup.

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Rivian rolling out new navigation system powered by Google Maps

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Rivian rolling out new navigation system powered by Google Maps

Rivian today announced a partnership with Google Maps on a new navigation system for its electric vehicles.

Rivian will continue to offer its own customized navigation interface on the 15.6-inch center touchscreen, but the underlying data is now powered by (the Automotive SDK from) Google Maps instead of third-party alternatives. Rivian cites customer feedback in making this change:

Instead of doing some small incremental improvements, we wanted to profoundly change our solution so that we make it the best navigation solution in the industry by combining strengths from both teams.

End users will benefit from fresh Google Maps traffic and “much better” routing (with improved ETAs and rerouting) information that includes crowd-sourced reports about construction, accidents, and other road disruptions. Rivian will also now show Google Maps satellite imagery in a sizable upgrade.

Rivian has already been using Google Maps for place information (hours, photos, ratings, etc.) and will now let you “tap on places of interest right on the map and learn more about hours, reviews, and contact information with just a tap.” More broadly, Rivian builds on top of Android Automotive OS and offers YouTube, as well as Google Cast.

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Whether you’re about to embark on a long road trip or just trying to find the quickest way to run errands around town, navigation should be seamless, accurate and helpful.

Rivian owners will continue to have vehicle and condition-specific range EV estimates, as well as detailed information about charging stops.

Meanwhile, this Google Maps upgrade comes with a new design language that Rivian says “celebrates natural spaces in its topography and colors —from green parks to deep blue lakes and oceans.” There are also enhancements to “glanceability and easier access to information.”

These updates are also coming to the Rivian mobile app. Specifically, users can see traffic and traffic incidents, place photos/descriptions and satellite view (with a Connect+ subscription). Destination and trip sharing remains available.

Rivian Navigation with Google Maps is beginning to roll out today.

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MP Materials stock rips 23% higher after $500 million Apple deal for rare earth magnets

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MP Materials stock rips 23% higher after 0 million Apple deal for rare earth magnets

People look at iPhones at the Apple Fifth Avenue store in New York City on May 23, 2025.

Adam Gray | Reuters

Apple and miner MP Materials announced a $500 million deal Tuesday for rare earth magnets and the development of a recycling facility that will reinforce the iPhone maker’s U.S. supply chain.

MP Materials stock climbed 23%. Shares of Apple were marginally higher.

As part of the agreement, Apple will buy rare earth magnets created at the company’s facility in Fort Worth, Texas. Both companies will combine on a new rare earth recycling line in Mountain Pass, California. MP Materials plans to start shipping magnets in 2027.

“American innovation drives everything we do at Apple, and we’re proud to deepen our investment in the U.S. economy,” said Apple CEO Tim Cook in a press release. “Rare earth materials are essential for making advanced technology, and this partnership will help strengthen the supply of these vital materials here in the United States.”.

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Apple said the deal will create dozens of new manufacturing and research and development roles.

Rare earth magnets are key components that make up everything from consumer electronics such as smartphones and computers to cars and renewable energy systems.

For years, the U.S. has worked on curbing its reliance on China, which dominates the global rare earth elements supply chain. MP Materials operates the only rare earth mine in the U.S.

Earlier this month, the Department of Defense became the largest shareholder in the rare earth miner, buying $400 million in preferred stock to improve rare earth magnet supply on American soil.

Apple announced a plan to invest more than $500 billion to beef up U.S. manufacturing capabilities earlier this year. The plan included a new factory for artificial intelligence servers in Texas.

Shares of MP Materials have nearly quadrupled since the start of the year, pushing the miner’s market capitalization to nearly $10 billion. The stock has nearly doubled over the last month.

WATCH: Pentagon invests in MP Materials, guarantees floor price for rare earth minerals

Pentagon invests in MP Materials, guarantees floor price for rare earth minerals

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