Virtual assistants in General Motor vehicles may soon be powered by the AI language models behind OpenAI's ChatGPT. According to a GM executive, the American carmaker is looking into potential...
Amazon and Rivian Automotive are currently discussing renegotiating the exclusivity agreement of their electric-van contract after the online retailer's order for 2023 came in at the low end of a...
General Motors CEO, Mary Barra, informed staff on March 9 that additional job cuts will be made, but this time it will be voluntary. The announcement came about a week...
According to a recent study, the average price of a new car in February was $45,296 as opposed to the average manufacturer's suggested retail price (MSRP) of $41,637.
A joint prediction...
S&P Global Ratings downgraded Nissan’s credit rating to junk, dealing a setback to the carmaker that has battled to increase profitability in the years since the arrest of former Chairman...
As lackluster demand and high expenses tighten a cash grip around electrical car companies, Rivian Automotive announced on March 6 that it aims to issue bonds worth $1.3 billion.
After-hours trading...
As part of a “Product Master Plan” for 2023, Rivian released a production forecast of 50,000 vehicles that doubled the output achieved last year but was below the market's expectations.
Despite...
Though most car buyers understand the value of their car will depreciate, they may not be entirely aware of how much this loss can vary from one model to the...
Many obstacles stand in the way of the automotive industry's efforts to boost sales. But, it's possible that one of its biggest problems isn't just what it sells, but also...
According to preliminary estimates from LMC Automotive, a leading automotive forecasting, and data company, U.S. auto sales saw a notable increase in February 2023. LMC predicts that the total vehicle...