Tag: Pickup truck

BusinessStartupsTechnology

Rivian Settles Shareholder Lawsuit for $250 Million Following 2022 Vehicle Price Controversy

Electric vehicle maker Rivian will pay $250 million to resolve a class-action lawsuit filed by shareholders after sudden price increases on its R1 vehicles. The settlement comes as the company prepares for its crucial R2 SUV launch amid declining R1 sales and recent layoffs.

Major Settlement Agreement Reached

Electric vehicle manufacturer Rivian has reportedly agreed to pay $250 million to settle a class-action shareholder lawsuit stemming from controversial price increases on its R1 vehicles in 2022, according to court documents and company statements. The lawsuit alleged that Rivian included misleading information about production costs in its IPO documentation prior to going public in 2021.

by Darren Holt
BusinessSoftwareTechnology

Retail Technology Shifts Focus to Total Commerce Integration for 2025

Retail technology buyers are reportedly shifting from omnichannel buzzwords to total commerce implementation. According to industry analysis, this approach unifies store, ecommerce, and support systems into a single operational framework. The guidance includes specific capabilities that drive ROI and a 90-day implementation plan.

The Evolution Beyond Omnichannel

Retail technology investment priorities are shifting significantly toward what industry analysts term “total commerce,” according to recent market analysis. Sources indicate this approach moves beyond traditional omnichannel strategies by creating truly unified operational systems rather than merely maintaining presence across multiple channels. The distinction reportedly lies in how store, ecommerce, service, and data systems function as a single cohesive unit rather than separate entities with varying performance levels.

by Ryan Holbrook