In a major development for the automotive and tech sectors, Hyundai Motor Company has forged a strategic partnership with Waymo, the autonomous driving subsidiary of Alphabet Inc. This alliance, announced recently, aims to integrate Waymo’s cutting-edge self-driving technology with Hyundai’s acclaimed Ioniq 5 electric vehicle (EV). This partnership marks a critical turning point as both
Business
Rivian Automotive, the electric vehicle startup that has garnered substantial attention in the rapidly evolving automotive landscape, faced a significant setback recently. On Friday morning, the company’s shares plummeted about 4% after revealing disappointing third-quarter delivery numbers—an outcome that fell short of analyst expectations. The company produced 13,157 vehicles but only managed to deliver 10,018
A significant legal clash has erupted between golfer Tiger Woods’ apparel line, Sun Day Red, and Tigeraire, a competitor specializing in athletic cooling products. The conflict centers around branding and trademark accusations. In a move that has caught the attention of sports and business observers, Tigeraire has lodged an opposition against Sun Day Red’s use
Natural disasters can have profound effects on industries dependent on complex supply chains, and the recent case of Hurricane Helene striking the southeastern United States illustrates this phenomenon vividly. General Motors (GM), a stalwart in the automotive industry, faced operational interruptions due to supplier challenges attributed to the hurricane. The closure of production for large
In a significant development that adds another layer to the ongoing strife between auto manufacturers and labor unions, Stellantis has embarked on a legal journey against the United Auto Workers (UAW). This move signifies escalating tensions, not only between the union and the transatlantic automotive giant but also highlights the broader labor landscape in the
The sports industry is witnessing a significant transformation, and the recent discussions surrounding the Miami Dolphins’ minority stake sale are emblematic of this shift. Private equity firms are gradually entering the realm of sports ownership, a move that was virtually unthinkable in the National Football League (NFL) until recently. This article delves into the complexities
In the competitive landscape of full-size SUVs, the Ford Expedition emerges with a renewed focus on sophistication and technology. As the market continues to evolve with newer entrants like the Jeep Wagoneer and attractive three-row crossovers from Kia and Hyundai, Ford is committed to repositioning its Expedition. The growing segment of three-row crossovers is indicative
In a bold move to diversify its product offerings and appeal to a wider demographic of consumers, Costco is making waves in the precious metals market. Following the success of its gold bars, the wholesaler has announced the addition of 1-ounce Swiss-made platinum bars, showcasing its growing commitment to this lucrative sector. This strategic expansion
Eli Lilly & Co., a giant in the pharmaceutical sector, has recently made headlines with its monumental decision to allocate $4.5 billion towards establishing the Lilly Medicine Foundry. This ambitious project is geared towards transforming the landscape of drug manufacturing, focusing on the development of innovative manufacturing methodologies. Intended to streamline efficiency, the facility is
The automotive industry in the United States remains competitive, yet Stellantis finds itself lagging behind. During the third quarter of 2023, the company reported a significant drop in new vehicle sales, totaling 305,294 units—down 19.8% from the same period last year and an 11.5% decrease from the previous quarter. This staggering decline raises questions regarding