Rivian is trying to catch up to Tesla’s “hands-free” capabilities, but with additional safety guardrails that the Elon Musk company doesn’t have.

The deal follows years of global automotive supply chain issues for GM and other companies.

GM said the deal will focus on domestic sales of Buick and Cadillac models in China and exporting Chevrolet products built in China for non-U.S. markets.

The July decline adds to a lackluster sales year for the automaker, with results off 9.7% compared with 2025.

Electric low-speed vehicles, or LSVs, are a step above a traditional golf cart but below a typical light-duty car or truck sold in the U.S.

General Motors plans to launch a proprietary in-vehicle artificial intelligence system that’s better tailored for its customers later this year.

Rivian reduced its 2026 spending plans and slightly narrowed its previously forecast losses this year as the company reported second-quarter results.

Carvana said Wednesday it expects earnings of between $2.7 billion and $3 billion this year after reporting record quarterly results for the second quarter.

Audi sales have struggled in the U.S. over the last several quarters. The brand has been hit by tariffs and a market shift away from EVs. New product may help.

Wall Street analysts expect Ford to report adjusted earnings per share of 35 cents and automotive revenue of $45.86 billion.