Rivian settles $250 million IPO lawsuit
On the Dash:
Rivian will pay $250 million to settle investor claims over alleged IPO misrepresentation.
The company is cutting more than 600 jobs to reduce costs and stabilize operations.
...
TSLA402.900-16.87%
GM76.030-1.82%
F13.570-0.26%
RIVN16.490-3.65%
CYD46.7900.55%
HMC28.500-1.13%
TM179.430-0.37%
CVNA67.472-2.9081%
PAG184.9701.55%
LAD311.6902.67%
AN191.6800.96%
GPI296.470-0.34%
ABG208.7400.77%
SAH87.2601.35%
TSLA402.900-16.87%
GM76.030-1.82%
F13.570-0.26%
RIVN16.490-3.65%
CYD46.7900.55%
HMC28.500-1.13%
TM179.430-0.37%
CVNA67.472-2.9081%
PAG184.9701.55%
LAD311.6902.67%
AN191.6800.96%
GPI296.470-0.34%
ABG208.7400.77%
SAH87.2601.35%
TSLA402.900-16.87%
GM76.030-1.82%
F13.570-0.26%
RIVN16.490-3.65%
CYD46.7900.55%
HMC28.500-1.13%
TM179.430-0.37%
CVNA67.472-2.9081%
PAG184.9701.55%
LAD311.6902.67%
AN191.6800.96%
GPI296.470-0.34%
ABG208.7400.77%
SAH87.2601.35%
automotive industry insights
Volkswagen’s 2025 GTI: The hot hatch that blends fun and function
The 2025 Volkswagen Golf GTI continues its long tradition as the benchmark for hot hatches, blending performance, practicality, and everyday usability in a way few competitors can match. For 2025,...
California’s fossil fuel reality check: Why 13 refineries still matter
California’s leaders spent years promising an expedited break from fossil fuels, but the state is discovering a hard truth: gasoline and diesel still underpin day-to-day life, and California will keep...
Franchised dealership employment hits pre-pandemic levels in 2024, NADA reports
On the Dash:
Total employment at U.S. franchised dealerships rose to 1.13 million in 2024, the highest level since 2019.
Average weekly earnings per employee fell 1.7 percent to $1,897,...
Rivian to lay off over 600 workers, WSJ reports
On the Dash:
Rivian is cutting 4% of its workforce to manage costs amid declining EV incentives and revenue pressures.
The company lowered its full-year delivery guidance, even after Q3...
GM plans eyes-off driving and AI-powered vehicles by 2028
On the Dash:
General Motors plans to launch eyes-off autonomous driving by 2028, starting with the all-electric Cadillac ESCALADE IQ.
GM will introduce conversational AI with Google Gemini in 2026,...
2026 Toyota RAV4 debuts with all-hybrid lineup
On the Dash:
The 2026 Toyota RAV4 lineup will be fully electrified, offering only hybrid and plug-in hybrid models.
Performance and efficiency increase across all trims, with up to 52...
Peter Cooper on winning customer loyalty in the service drive
Maximizing customer loyalty starts the moment a car pulls into the service bay. On today's episode of Service Drive, Peter Cooper, president and CEO of Lexus of Lehigh Valley, shares...
GM to end BrightDrop electric van production in Canada
On the Dash:
GM is ending BrightDrop van production in Ontario, affecting about 1,200 workers.
The automaker is prioritizing U.S.-based gas vehicle production under new trade and policy conditions.
Canada’s...
Mercedes-Benz warns chip supply issues could hit global auto production
On the Dash:
Mercedes-Benz secures short-term chip supplies but says global auto production is at risk.
Dutch seizure of Nexperia and China’s export restrictions are creating industry-wide volatility.
BMW and...
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