Generative AI is revolutionizing the automotive industry, pushing the boundaries of vehicle design, manufacturing and customer experience. The technology, which harnesses advanced algorithms to create novel solutions and streamline processes, is reshaping how carmakers approach R&D and interact with consumers. A PYMNTS Intelligence report, “How...
In the automotive industry, Q2 2024 brought a blend of triumphs and trials for the major players. As traditional automakers and innovative disruptors alike navigate a landscape marked by rapid technological advancement and shifting consumer preferences, their quarterly performances offer a snapshot of broader industry...
The automotive industry is facing an obstacle in switching to electric vehicles: traditional cars. As The Wall Street Journal (WSJ) reported Sunday (July 28), pressures on car company profits only add to the challenge of embracing electric vehicles (EVs), with several major automakers recently releasing...
Software, and digital transformation more broadly, have transformed the business landscape. Nearly every modern business relies on software to run their operations, and digital technology has become a pervasive, invisible thread enabling and optimizing workflows. When it works well, businesses software fades into the background....
October 10, 2024
The effects of Hurricane Helene, cutbacks in the auto industry and furloughs related to a strike at Boeing drove U.S. jobless claims to their highest total in a year. During the week ended Saturday (Oct. 5), there were 258,000 initial claims for unemployment insurance — a total that was 33,000 higher than the previous week and […]
July 28, 2024
The automotive industry is facing an obstacle in switching to electric vehicles: traditional cars. As The Wall Street Journal (WSJ) reported Sunday (July 28), pressures on car company profits only...
June 13, 2024
Stellantis is rolling out several software products and connected features for its vehicles around the world. The automaker, whose 14 brands include Chrysler, Fiat and Peugeot, aims to enhance the...
February 20, 2024
Stellantis, the parent company of Jeep, is reportedly taking a unique approach to the electric vehicle (EV) market in the United States. CEO Carlos Tavares told reporters Tuesday (Feb. 20) that small cars...
