Usage-based insurance, built-in Google connectivity and fleet management solutions are some of the connected vehicle capabilities automakers have recently deployed or found that customers are taking up with subscriptions. Rivian Automotive reported May 11 during its most recent quarterly earnings call that the early owners...
In fewer than six months, there has been a new record hit for U.S. initial public offerings (IPOs), U.S. News reported. There are still six more months before 2021 ends, and IPOs have already reached $171 billion, which is more than last year’s record of...
Amazon and General Motors are reportedly in talks about making an investment in Michigan-based startup Rivian Automotive. Sources told Reuters that the deal would value Rivian at between $1 billion and $2 billion and give both companies minority stakes in the electric truck manufacturer. If all...
March 11, 2024
The Fed held sway this past week as the guessing game about when — or whether — the central bank will cut rates continued. Fed officials seemed to indicate that rates may be lowered sooner rather than later. However, strong jobs data this week seemed to splash some cold water on that sentiment, which may […]
June 15, 2021
In fewer than six months, there has been a new record hit for U.S. initial public offerings (IPOs), U.S. News reported. There are still six more months before 2021 ends, and IPOs have already reached $171 billion, which is more than last year’s record of $168 billion, according to U.S. News, which cited Dealogic data. […]
February 13, 2019
Amazon and General Motors are reportedly in talks about making an investment in Michigan-based startup Rivian Automotive. Sources told Reuters that the deal would value Rivian at between $1 billion...
