In a significant move within the automotive and technology sectors, Hyundai Motor Company has formed a strategic partnership with Waymo, the prominent self-driving technology company. This collaboration aims to incorporate Hyundai’s innovative Ioniq 5 electric vehicle into Waymo’s expansive robotaxi service fleet. Announced recently, the alliance exemplifies the increasing convergence of automakers and autonomous technology
Business
The ongoing trademark conflict between Tiger Woods’ Sun Day Red apparel brand and Tigeraire, a company focused on creating cooling products for athletes, highlights the complexities of branding and intellectual property in the competitive sports market. The issue recently escalated, with Tigeraire filing a notice of opposition against Sun Day Red’s logo with the U.S.
Rivian Automotive, the electric vehicle (EV) manufacturer that once captured significant investor enthusiasm, is currently navigating tumultuous waters as it grapples with production delays and a shrinking forecast. The latest reports indicate a troubling shortfall in vehicle deliveries during the third quarter, resulting in a sharp decline in stock prices—a stark reflection of the company’s
The automotive industry is once again witnessing a major confrontation between corporate giants and labor unions, as Stellantis has initiated legal proceedings against the United Auto Workers (UAW). This maneuver marks a significant escalation in their prolonged conflict, which has been brewing for several months. The lawsuit, confirmed through an internal communication to employees, highlights
In a noteworthy development that underscores the vulnerability of the automotive sector to external disruptions, General Motors (GM) has temporarily ceased operations at two of its key manufacturing plants located in the United States. The abrupt halt in production is primarily attributed to unforeseen supply chain impacts triggered by Hurricane Helene. This scenario serves as
In a development that underscores a significant trend in sports ownership, the Miami Dolphins are nearing a deal that would sell a minority stake to Ares Management, a private equity powerhouse, along with billionaire Joe Tsai, known for his extensive sports portfolio. This potential deal marks a turning point, not only for the Dolphins but
In a bid to stay competitive in the increasingly crowded full-size SUV market, Ford Motor Company is unveiling an upgraded version of its large Expedition SUV. This overhaul emphasizes sophistication and advanced technology, aiming to offer consumers not just a vehicle, but a versatile family travel experience. The redesign showcases improved design aesthetics both inside
Costco’s latest venture into the precious metals market bears testimony to its ingenious marketing strategy and commitment to customer satisfaction. With the recent introduction of Swiss-made platinum bars into its offerings, the company is keenly strengthening its foothold in a lucrative segment that has shown promising growth. On Wednesday, Costco unveiled its new product line,
The pharmaceutical giant Eli Lilly is poised to make a significant impact on the industry with its latest undertaking: a $4.5 billion investment to establish the Lilly Medicine Foundry. This cutting-edge facility aims to streamline and enhance the manufacturing processes of its medicinal products, ensuring that the company maintains its competitive edge in a booming
Stellantis N.V., the multinational automotive corporation born from the merger of Fiat Chrysler and PSA Group, continues to face significant hurdles in the U.S. automotive market. As reported for the third quarter, Stellantis experienced a steep sales decline of 19.8% compared to the same period last year, amounting to a staggering 305,294 vehicles sold. This