Rivian still faces cash burn, cooling sales despite $1 billion infusion from Volkswagen, analysts say
Volkswagen will infuse $1 billion into Rivian as the EV maker develops new models. But analysts point out a growing cash burn for Rivian......»»
CDK outage: Michigan Honda dealership adjusting ahead of June sales end
Germain Honda of Ann Arbor is tracking to meet its June sales goal, but the CDK outage may slow financial statement turnaround, General Manager Jim Farkas said......»»
Rivian outlines path to profitability with $5 billion investment from Volkswagen Group
Rivian will use its cash and Volkswagen money to build new Rivian models, executives said at an investor day event. The EV startup will share part of its new platform with VW brands......»»
New Deadpool & Wolverine video teases the return of Sabretooth
In the latest video for Deadpool & Wolverine, Logan faces off against one of his biggest adversaries, Sabretooth......»»
There are more signs of iPhone sales recovery in China
Even before the iPhone 16 hits the streets, the latest research from investment firm JP Morgan shows that iPhone sales are continuing to increase in China, helped in part by a recovering smartphone market in the region.iPhone 16 Pro is expected to be.....»»
Biden’s New $1.8-Billion Transportation Package Stars Climate Projects
Climate-related highway fixes and electric and hydrogen fuel-cell buses are among the projects getting federal help in a new round of funding.....»»
Volkswagen"s $5 Billion Investment In Rivian Has Some Experts Concerned About Scout"s Planned Revival
Volkswagen"s $5 Billion Investment In Rivian Has Some Experts Concerned About Scout"s Planned Revival.....»»
Broward RV dealership owner arrested, accused of not paying nearly $500K in sales tax
Broward RV dealership owner arrested, accused of not paying nearly $500K in sales tax.....»»
Justice Department charges nearly 200 people in $2.7 billion health care fraud schemes crackdown
Justice Department charges nearly 200 people in $2.7 billion health care fraud schemes crackdown.....»»
Today’s deals: July 4th sales, $19.50 AirTags, best-selling laptops, $300 Shark AI robot vacuum, more
Prime Day 2024 is right around the corner (shop early Prime Day deals right here), but July 4th comes first, and there are some big … The post Today’s deals: July 4th sales, $19.50 AirTags, best-selling laptops, $300 Shark AI robot vacuum.....»»
Polestar reports growing red ink for 2023 as EV demand slows
The electric-vehicle maker had repeatedly delayed reporting results because of accounting issues. Net losses widened to $1.17 billion from $481.5 million in 2022......»»
ID verification service used by TikTok, Uber, and X leaked driver’s licenses
A company that helps TikTok, Uber, and X verify the identity of their users by processing photos of faces and driver’s licenses reportedly exposed administrative … The post ID verification service used by TikTok, Uber, and X leaked driver.....»»
Outage from CDK cyberattacks could cost dealers $1 billion, study says
Anderson Economic Group said affected dealers could be out about $600 million after two weeks and could lose roughly $1 billion if the dealer management system shutdown lasts until the July 4 holiday weekend. Its calculations include estimated losses.....»»
Jeep Renegade EV"s sub-$25,000 price point seen as difficult to reach
Industry observers suggest electric Jeep can boost sales even if most Renegades sell for more than $25,000......»»
Everyone’s waiting for Windows 10 to die
Windows computer sales expected to surge with the end of life for Windows 10. Sales have already risen but will it continue to do so?.....»»
NASA will pay SpaceX nearly $1 billion to deorbit the International Space Station
The space agency did consider alternatives to splashing the station. Enlarge / Illustration of the SpaceX Dragon XL as it is deployed from the Falcon Heavy's second stage in high Earth orbit on its way to the Gateway in lunar orb.....»»
New Rivian R1S: Everything new in the second-gen model
Rivian is bringing a huge update to the Rivian R1S, its premium electric SUV. Here's everything that's new in the second-generation model......»»
Cloaked Audis, covert CEO meeting: How VW"s $5B Rivian bet unfolded
The deal is crucial for both companies as Rivian gets a financial lifeline to survive a sharp slowdown in EV demand and VW receives low-cost, high-performance EV technology that traditional automakers have struggled to master......»»
Rivian reaffirms flat 2024 production of 57,000 vehicles during investor event
Rivian's stock price was falling in midday trading after the automaker projected second-quarter deliveries in the 13,000-13,300 range and mostly flat production for the year......»»
Cloaked Audis, covert CEO meeting: how VW"s $5 billion Rivian bet transpired
Cloaked Audis, covert CEO meeting: how VW"s $5 billion Rivian bet transpired.....»»
US offers $10 million for information on indicted WhisperGate malware suspect
A federal grand jury in Maryland returned an indictment charging a Russian citizen with conspiracy to hack into and destroy computer systems and data. If convicted, he faces a maximum penalty of five years in prison. The U.S. Department of State’s.....»»