Category: News Type

GM and Ford shares fall after UBS downgrades on expectations for weakening demand

The General Motors world headquarters office is seen at Detroit’s Renaissance Center. Paul Hennessy | LightRocket | Getty Images DETROIT — Shares of General Motors and Ford Motor each tumbled Monday after a pair of UBS downgrades citing expectations for weakening demand amid inflationary pressures. Ford’s stock was down by more than 8% during intraday… Continue reading GM and Ford shares fall after UBS downgrades on expectations for weakening demand

Rivian shares slumped after the company announced a big recall

Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC Shares of Rivian Automotive fell sharply on Monday after the electric vehicle maker said late Friday that it is recalling more than 12,000 vehicles – nearly every EV it has made to date… Continue reading Rivian shares slumped after the company announced a big recall

Beyond Words: Large Language Models Expand AI’s Horizon

Back in 2018, BERT got people talking about how machine learning models were learning to read and speak. Today, large language models, or LLMs, are growing up fast, showing dexterity in all sorts of applications. They’re, for one, speeding drug discovery, thanks to research from the Rostlab at Technical University of Munich, as well as… Continue reading Beyond Words: Large Language Models Expand AI’s Horizon

State suspends license of Carvana dealership in Novi over alleged code violations

The Michigan Department of State has suspended the license of a Novi dealership for online used-car retailer Carvana “for imminent harm to the public,” according to a news release from the agency. The dealership in question — which in 2020 debuted with one of Carvana’s signature car “vending machines” — is at 26890 Adell Center Drive and has… Continue reading State suspends license of Carvana dealership in Novi over alleged code violations

Stellantis signs non-binding supply deal for raw materials needed for EV batteries

Jeep maker Stellantis NV on Monday announced it has signed a non-binding memorandum of understanding with a supplier for raw materials needed to build electric-vehicle batteries. The agreement between Stellantis and GME Resources Limited — which owns a nickel and cobalt project in western Australia — is the latest example of automakers moving to shore up… Continue reading Stellantis signs non-binding supply deal for raw materials needed for EV batteries

Ford, GM report mixed Q3 results in China as auto market continues COVID recovery

Crosstown rivals General Motors Co. and Ford Motor Co. reported mixed results in China in the third quarter as the world’s largest car market continued its recovery from COVID-related disruptions earlier this year. GM and its joint ventures in China delivered nearly 630,000 vehicles in Q3 — up about 1% year-over-year as the Detroit automaker… Continue reading Ford, GM report mixed Q3 results in China as auto market continues COVID recovery