Nebraska sues GM, OnStar over alleged sale of driver data recorded by vehicle tech
State Attorney General Mike Hilgers accuses GM and OnStar of installing telematics systems in their vehicles that collect data, including speed, seatbelt usage, driving habits, and location. That data was then allegedly sold to third-party data brokers who used it to create driving scores for individual drivers.
Those scores were then sold to insurance companies, who used them to raise rates, deny coverage or cancel policies, according to the lawsuit. Nebraska drivers were never informed that their data was being collected or used against them.
Among the key allegations:
'Nebraskans deserve to work with companies that are truthful and honest about what they are doing,' says Attorney General Hilgers. 'That is not what happened here, and we filed this lawsuit because one large company decided that it wouldn't honestly tell Nebraskans that their data was going to be used to impact their insurance rates. This is wrong. Our office will hold companies that mislead Nebraskans accountable, no matter how large.'
You can read the full complaint below.
When asked for comment on the lawsuit, a spokesperson for GM told Nexstar's KSNW, 'We remain committed to protecting consumers' privacy and will conduct a review of the complaint.'
Nebraska is seeking civil penalties, restitution for affected Nebraskans, and an injunction to prevent GM and OnStar from continuing these practices in the state.
GM is not the only company accused of misusing telematics programs.
A 2024 investigation by the New York Times found instances of drivers who had not knowingly opted in to a telematics program being tracked. Data recorded without their consent was sold to third parties, sometimes resulting in a spike in insurance premiums, according to the Times.
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On Thursday, Deckers reported net sales grew 17% to $964.5 million, above estimates of $901.4 million, per Bloomberg data. Profits surged 24%, with diluted earnings per share coming in at $0.93. "HOKA and UGG outperformed our first quarter expectations, with robust growth delivering solid results to begin fiscal year 2026," CEO Stefano Caroti said in a press release. "Though uncertainty remains elevated in the global trade environment, our confidence in our brands has not changed, and the long-term opportunities ahead are significant. We will lean on the fundamental strengths of our powerful operating model as we continue executing our strategy." The main story for the quarter was Deckers' international business: International net sales rose 49.7%, offsetting a 2.8% decline in domestic sales. The company expects net sales for the current quarter in the range of $1.38 billion to $1.42 billion, in line with analyst estimates. Earnings are expected to be in the range of $1.50 to $1.55 per share. Read more here. Intel stock rises on Q2 revenue beat, plans to cut 15% of workforce Intel (INTC) second quarter revenue beat analyst estimates, but its earnings fell short of expectations. The chip giant also said it is slashing its workforce by 15% and expects to have approximately 75,000 employees by the end of the year. Intel's new CEO Lip-Bu Tan has already undertaken or is exploring several cost-cutting measures. According to the Oregonian, the company is shuttering its automotive business, outsourcing marketing jobs, and laying off factory workers. Yahoo Finance's Daniel Howley has more details on Intel's results: Read more here. Intel (INTC) second quarter revenue beat analyst estimates, but its earnings fell short of expectations. The chip giant also said it is slashing its workforce by 15% and expects to have approximately 75,000 employees by the end of the year. Intel's new CEO Lip-Bu Tan has already undertaken or is exploring several cost-cutting measures. According to the Oregonian, the company is shuttering its automotive business, outsourcing marketing jobs, and laying off factory workers. Yahoo Finance's Daniel Howley has more details on Intel's results: Read more here. Intel to report Q2 earnings as Wall Street looks for signs of turnaround Intel (INTC) will report its second quarter earnings on Thursday as the company's new CEO, Lip-Bu Tan, continues his attempt to turn around the ailing chip giant. Yahoo Finance's Dan Howley details what to expect when Intel reports: Read more here. Intel (INTC) will report its second quarter earnings on Thursday as the company's new CEO, Lip-Bu Tan, continues his attempt to turn around the ailing chip giant. Yahoo Finance's Dan Howley details what to expect when Intel reports: Read more here. Southwest CFO says decision to lower guidance by $1 billion was 'macro-driven' Southwest (LUV) stock tanked on Thursday after the airline's earnings results missed estimates. Shares fell over 12% as the earnings call with investors began. (You can listen to the full call here.) Earlier on Thursday, Southwest CFO Tom Doxey told Yahoo Finance that the company's disappointing results were primarily caused by broader economic challenges, tariff uncertainty, and weaker consumer sentiment. Doxey confirmed that Southwest lowered its full-year pre-tax profit (EBIT) guidance to $600 million-$800 million from the $1.7 billion forecast previously. 'There's an estimate of about $800 million to $1 billion in revenue degradation that has occurred as a result of the macro,' Doxey said. 'The number is large, but it is macro-driven.' He said that Southwest's domestic travel revenue outperformed peers. But the overall domestic segment underperformed international and premium travel, which are the strengths of other airlines like Delta (DAL) and United (UAL). Southwest's second quarter got off to a rocky start as consumer confidence plummeted to a three-year low after President Trump's "Liberation Day" tariff announcement in April. That translated to lower travel demand at the beginning of the peak summer season. However, things are improving, Doxey said. 'Demand fell off quite quickly during that period,' he noted. 'The great news is we're starting to see that stabilize.' Southwest (LUV) stock tanked on Thursday after the airline's earnings results missed estimates. Shares fell over 12% as the earnings call with investors began. (You can listen to the full call here.) Earlier on Thursday, Southwest CFO Tom Doxey told Yahoo Finance that the company's disappointing results were primarily caused by broader economic challenges, tariff uncertainty, and weaker consumer sentiment. Doxey confirmed that Southwest lowered its full-year pre-tax profit (EBIT) guidance to $600 million-$800 million from the $1.7 billion forecast previously. 'There's an estimate of about $800 million to $1 billion in revenue degradation that has occurred as a result of the macro,' Doxey said. 'The number is large, but it is macro-driven.' He said that Southwest's domestic travel revenue outperformed peers. But the overall domestic segment underperformed international and premium travel, which are the strengths of other airlines like Delta (DAL) and United (UAL). Southwest's second quarter got off to a rocky start as consumer confidence plummeted to a three-year low after President Trump's "Liberation Day" tariff announcement in April. That translated to lower travel demand at the beginning of the peak summer season. However, things are improving, Doxey said. 'Demand fell off quite quickly during that period,' he noted. 'The great news is we're starting to see that stabilize.' Blackstone assets under management surge, COO says dealmaking pause 'is behind us' Blackstone (BX) surprised Wall Street analysts on Thursday when it reported its assets under management surged 13% to a record $1.21 trillion. Profits also rose 72% to $764 million, compared to the second quarter of last year, sending shares nearly 5% higher in early trading. Notably, Blackstone's No. 2 echoed other big banks in the company's earnings call in saying that the dealmaking pause is behind us. Yahoo Finance's David Hollerith reports: Read more here. Blackstone (BX) surprised Wall Street analysts on Thursday when it reported its assets under management surged 13% to a record $1.21 trillion. Profits also rose 72% to $764 million, compared to the second quarter of last year, sending shares nearly 5% higher in early trading. Notably, Blackstone's No. 2 echoed other big banks in the company's earnings call in saying that the dealmaking pause is behind us. Yahoo Finance's David Hollerith reports: Read more here. Alphabet in 'AI (beast) mode': 5 takeaways from Google's earnings call Alphabet (GOOG, GOOGL) shares rose in early trading as investor sentiment grew positive on the stock following its bullish earnings call commentary and strong Q2 results. And my colleague Brian Sozzi jotted down some takeaways from the earnings call that help explain the bullish mood today: Sozzi noted that, in many ways, it's surprising that Alphabet stock is up just 1.5% this morning, as it's trading at only 19.3 times forward earnings on a PE basis (S&P 500 is at 24 times). Several Wall Street analysts agreed. "AI (beast) mode — it's time to close the valuation gap," KeyBanc analyst Justin Patterson said. Wedbush analyst Dan Ives added, "We continue see a favorable risk/reward for Alphabet and think there is a case for multiple expansion in the coming quarters as investors gain more comfort around the current macro environment, regulatory risk, and the impact of generative AI on the business." Read more takeaways from Google's earnings call here. Alphabet (GOOG, GOOGL) shares rose in early trading as investor sentiment grew positive on the stock following its bullish earnings call commentary and strong Q2 results. And my colleague Brian Sozzi jotted down some takeaways from the earnings call that help explain the bullish mood today: Sozzi noted that, in many ways, it's surprising that Alphabet stock is up just 1.5% this morning, as it's trading at only 19.3 times forward earnings on a PE basis (S&P 500 is at 24 times). Several Wall Street analysts agreed. "AI (beast) mode — it's time to close the valuation gap," KeyBanc analyst Justin Patterson said. Wedbush analyst Dan Ives added, "We continue see a favorable risk/reward for Alphabet and think there is a case for multiple expansion in the coming quarters as investors gain more comfort around the current macro environment, regulatory risk, and the impact of generative AI on the business." Read more takeaways from Google's earnings call here. Uptick in coal shipments boosts Union Pacific earnings Union Pacific (UNP) second quarter profits exceeded Wall Street's expectations, driven by operational improvements, higher freight volumes, and improved pricing. The stock fell 2% ahead of the opening bell Thursday. The economic bellwether saw an uptick in coal shipment volumes in the second quarter, as well as in shipments of grain products and industrial chemicals. The improvement in coal shipments stood out after President Trump signed executive orders boosting the industry, which has been a weak spot for railroad operators. Union Pacific confirmed that it is in talks with Norfolk Southern (NSC) on a possible merger that would reshape the US's railroad industry. The magnitude of a combination of the railroad operators would put the deal under close regulatory and antitrust scrutiny. Here's what Union Pacific reported in Q2, per Reuters: Read more here. Union Pacific (UNP) second quarter profits exceeded Wall Street's expectations, driven by operational improvements, higher freight volumes, and improved pricing. The stock fell 2% ahead of the opening bell Thursday. The economic bellwether saw an uptick in coal shipment volumes in the second quarter, as well as in shipments of grain products and industrial chemicals. The improvement in coal shipments stood out after President Trump signed executive orders boosting the industry, which has been a weak spot for railroad operators. Union Pacific confirmed that it is in talks with Norfolk Southern (NSC) on a possible merger that would reshape the US's railroad industry. The magnitude of a combination of the railroad operators would put the deal under close regulatory and antitrust scrutiny. Here's what Union Pacific reported in Q2, per Reuters: Read more here. American Airlines restores 2025 forecast, flags economic worries for keeping it broad American Airlines (AAL) maintained a broad 2025 forecast on Thursday, citing economic uncertainty, with one of the outcomes being a loss to profit. The carrier's shares fell 6% before the bell. The airline is facing challenges in the domestic travel market, where travel spending remains weak due to US tariffs and budget cuts. Reuters reports: Read more here. American Airlines (AAL) maintained a broad 2025 forecast on Thursday, citing economic uncertainty, with one of the outcomes being a loss to profit. The carrier's shares fell 6% before the bell. The airline is facing challenges in the domestic travel market, where travel spending remains weak due to US tariffs and budget cuts. Reuters reports: Read more here. Honeywell beats on earnings, raises 2025 forecasts on sustained demand for aerospace parts, services Honeywell (HON) stock fell premarket despite reporting an earnings beat and guidance raise. Adjusted earnings per share of $2.75 exceeded Wall Street's estimates of $2.66 per share. Sales hit the top end of the company's guidance at $10.4 billion, compared to estimates of $10.1 billion. Strong demand for aerospace parts and maintenance services lifted Honeywell's results as it prepares to split into three companies. The company's aerospace division, its biggest revenue generator, posted a 10.7% jump in sales to $4.31 billion in the second quarter, as the Boeing (BA) and Airbus ( supplier benefited from rising demand and a shortage of new jets. Honeywell raised its revenue outlook and now expects between $40.8 billion and $41.3 billion for the year, up from the $39.6 billion and $40.5 billion it had previously forecast. It also sees 2025 adjusted profit per share between $10.45 and $10.65, up from its previous forecast of $10.20 to $10.50. Read more here from Reuters. Honeywell (HON) stock fell premarket despite reporting an earnings beat and guidance raise. Adjusted earnings per share of $2.75 exceeded Wall Street's estimates of $2.66 per share. Sales hit the top end of the company's guidance at $10.4 billion, compared to estimates of $10.1 billion. Strong demand for aerospace parts and maintenance services lifted Honeywell's results as it prepares to split into three companies. The company's aerospace division, its biggest revenue generator, posted a 10.7% jump in sales to $4.31 billion in the second quarter, as the Boeing (BA) and Airbus ( supplier benefited from rising demand and a shortage of new jets. Honeywell raised its revenue outlook and now expects between $40.8 billion and $41.3 billion for the year, up from the $39.6 billion and $40.5 billion it had previously forecast. It also sees 2025 adjusted profit per share between $10.45 and $10.65, up from its previous forecast of $10.20 to $10.50. Read more here from Reuters. Keurig Dr. Pepper earnings beat estimates as energy drinks shine, but coffee inflation lurks Yahoo Finance's Brian Sozzi reports: Read more here. Yahoo Finance's Brian Sozzi reports: Read more here. Tesla stock takes a leg down during earnings call Tesla (TSLA) stock took a firm leg down during the company's quarterly earnings call on Wednesday as the company's CFO warned of "adverse impacts" from the "big bill" President Trump recently signed into law. Notably, the bill takes aim at two key tax credits that Tesla has taken advantage of to scale its company: the electric-vehicle tax credit and the solar tax credit. "The big bill has certain adverse impacts, even for the energy business," Tesla CFO Vaibhav Taneja. "We're doing our best to manage through this," he added. "But we will see shifts in demand and profitability." He said tariff costs increased to around $300 million this quarter. Tesla was down as much as 3.5% after seesawing between green and red right after the release of its earnings report — which you can see more details of by continuing to scroll. Also on the call, CEO Elon Musk predicted Tesla would "have autonomous ride-hailing reach half the population of the US by the end of the year." "That's at least our goal, subject to regulatory approvals," he added. Tesla (TSLA) stock took a firm leg down during the company's quarterly earnings call on Wednesday as the company's CFO warned of "adverse impacts" from the "big bill" President Trump recently signed into law. Notably, the bill takes aim at two key tax credits that Tesla has taken advantage of to scale its company: the electric-vehicle tax credit and the solar tax credit. "The big bill has certain adverse impacts, even for the energy business," Tesla CFO Vaibhav Taneja. "We're doing our best to manage through this," he added. "But we will see shifts in demand and profitability." He said tariff costs increased to around $300 million this quarter. Tesla was down as much as 3.5% after seesawing between green and red right after the release of its earnings report — which you can see more details of by continuing to scroll. Also on the call, CEO Elon Musk predicted Tesla would "have autonomous ride-hailing reach half the population of the US by the end of the year." "That's at least our goal, subject to regulatory approvals," he added. Chart: Chipotle foot traffic declines for second straight quarter Chipotle (CMG) stock tanked 9% following second quarter results and as the earnings call began (listen to the live call here). As the chart below shows, foot traffic fell more than expected, accelerating the slowdown in traffic that began in the first quarter. Yahoo Finance's Brooke DiPalma reports that overall foot traffic fell 4.9% against the 4.4% drop that had been forecast by the Street. Chipotle cut its guidance and said it expects same-store sales to be flat for the full year. On the earnings call, CEO Scott Boatwright highlighted initiatives — in marketing, the value proposition, menu innovation, and a revamped rewards program — aimed at jump-starting sales. But Boatwright acknowledged that the fast-casual chain is facing a slowdown in trends and one of the most challenging consumer backdrops in years. Chipotle (CMG) stock tanked 9% following second quarter results and as the earnings call began (listen to the live call here). As the chart below shows, foot traffic fell more than expected, accelerating the slowdown in traffic that began in the first quarter. Yahoo Finance's Brooke DiPalma reports that overall foot traffic fell 4.9% against the 4.4% drop that had been forecast by the Street. Chipotle cut its guidance and said it expects same-store sales to be flat for the full year. On the earnings call, CEO Scott Boatwright highlighted initiatives — in marketing, the value proposition, menu innovation, and a revamped rewards program — aimed at jump-starting sales. But Boatwright acknowledged that the fast-casual chain is facing a slowdown in trends and one of the most challenging consumer backdrops in years. Southwest misses profit expectations as weak domestic demand erodes fares Southwest Airlines (LUV) missed Wall Street estimates for second quarter profit on Wednesday as a sluggish start to the peak summer travel season has translated to weak domestic travel demand and softer fares. Southwest reported operating revenue of $7.24 billion in the quarter through June, compared with $7.35 billion a year earlier. The budget carrier reported an adjusted profit per share of $0.43, compared with analysts' average expectations of $0.51, according to data compiled by LSEG. While Delta Air Lines (DAL) and United Airlines (UAL) were buoyed by more affluent customers, low-cost carriers like Southwest have noted their price-sensitive customers are coming under pressure. Still, airline executives and analysts have signaled that travel demand has remained broadly steady. Read more from Reuters. Southwest Airlines (LUV) missed Wall Street estimates for second quarter profit on Wednesday as a sluggish start to the peak summer travel season has translated to weak domestic travel demand and softer fares. Southwest reported operating revenue of $7.24 billion in the quarter through June, compared with $7.35 billion a year earlier. The budget carrier reported an adjusted profit per share of $0.43, compared with analysts' average expectations of $0.51, according to data compiled by LSEG. While Delta Air Lines (DAL) and United Airlines (UAL) were buoyed by more affluent customers, low-cost carriers like Southwest have noted their price-sensitive customers are coming under pressure. Still, airline executives and analysts have signaled that travel demand has remained broadly steady. Read more from Reuters.
Digital Trends
a day ago
- Digital Trends
This week in EV tech: California dreaming
While Chevrolet Corvette hybrids are now a thing, it could still be a while before an all-electric Corvette enters production. But General Motors is tasking its designers to imagine what a future Corvette EV could look like. Unveiled this week, the California Corvette concept is the second of three 'Vette design studies debuting this year, each from a GM studio in a different region. The first, revealed in March, came from the automaker's U.K. studio while this one, as the name implies, is the product of GM's Advanced Design studios in Pasadena, California. Recommended Videos Borrowing the internal codename of another concept car that eventually morphed into 1992's Corvette Stingray III concept, the California Corvette of 2025 leverages the packaging flexibility of electric powertrains to improve performance. Its carbon-fiber tub chassis incorporates a T-shaped battery pack with prismatic cells (the same form factor used in current GM EVs), which leaves room for large underbody tunnels that channel air more efficiently around the vehicle. Tunnels like these have been used in race cars — mostly notably the AAR/Toyota Eagle Mk III — to generate downforce that presses the car into the track surface for better grip without generating the aerodynamic drag associated with more conventional downforce-generating like spoilers that sit on the surface of the bodywork. Minimizing drag is crucial to maximizing EV range, so a design like this could offer the best of both worlds for a future electric sports car. The California Corvette is just a design exercise, but GM did say in 2022 that an all-electric Corvette, based on the current-generation C8 model, was in development. When we'll finally see it — and whether it will look anything like the California Corvette or the other two concepts GM is trotting out — remains to be seen. Faraday Future's new face Few EV startups have been embroiled in as much drama as Faraday Future, which spent nearly a decade trying to get its FF91 electric SUV into a production, a process that saw it abandon a planned Nevada factory project for a repurposed tire plant in California while suffering a constant stream of financial calamities. Having finally launched low-volume production of the FF91, Faraday Future this week unveiled a bizarre follow-up. It's called the Faraday FX Super One, and it's an electric minivan pitched as a rival to the Cadillac Escalade, with high-tech AI features. In actuality, it's a Chinese-market Great Wall Motors Wey Gaoshan with a screen attached to the front. Faraday Future calls that 'Super EAI F.A.C.E. (Front AI Communication Ecosystem) System,' and claims it will allow the vehicle to 'communicate' with the world as a representative of its driver. How that will work, and what benefit it might have, is unclear. On the more practical side, Faraday Future said the FX Super One will be available in six-, seven-, or more luxurious four-seat configurations. The latter will feature suspended zero-gravity seats with heating, ventilation, and 10-way massage. Faraday isn't the only automaker thinking along these lines; earlier this year Mercedes-Benz unveiled its Vision V concept, previewing a luxurious van expected to debut within the next year or so. Solid-state batteries still in the news Two announcements this week indicated incremental progress in bringing solid-state batteries to production EVs. Solid-state batteries get their name from their solid electrolyte, which a host of startups and automakers have said will result greater range without increasing battery-pack size. But commercialization has proceeded slowly. Volkswagen has been collaborating with solid-state battery developer QuantumScape since 2012, and last year its PowerCo battery division inked a deal with QuantumScape for enough batteries to power up to one million EVs annually. This week the two corporate entities announced an expansion of that agreement that will see PowerCo become actively involved in pilot production of solid-state batteries earlier. QuantumScape says this will help it scale manufacturing more quickly. Meanwhile, fellow German automaker Mercedes-Benz expects to bring an EV powered by solid-state batteries to production 'before the end of the decade,' Markus Schafer, the automaker's head of development, said in an interview with Automobilwoche. Mercedes has also partnered with a startup — Factorial — but has also begun public testing of an EQS sedan with prototype solid-state batteries.
