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Good morning. Today is Friday, November 17th. I'm Julie Morgan.

Amazon joins forces with Hyundai to sell cars online.

Chargepoint is down double digits pre-market after making leadership changes and releasing preliminary results.

And Applied Materials is reportedly facing a criminal investigation.

Amazon announced at the Los Angeles Auto Show that it is breaking into the auto retail sector through a partnership with Hyundai Motor Company.

Online vehicle sales will begin in the US in 2024.

Auto buyers will have the option to buy their Hyundai vehicle on Amazon's website and then pick it up at their local dealer.

As part of the collaboration between the companies, Hyundai named AWS as its preferred Cloud provider to help facilitate is

Hunday named AWS as its preferred cloud provider to help facilitate digital transformation

and noted that the Alexa built-in experience is coming to Hyundai's next generation vehicles.

Hyundai will be the first brand available for customers to purchase.

Amazon did not disclose when other automakers might be added to the program.

The partnership adds incremental competition for auto retailers such as Carmax,

Vroom, and Carvana, among others.

Thursday, Carmax closed down 5.56 percent.

Vroom closed down 6.15 percent, and Carvana was down 5.27 percent.

Charge Point is down 30 percent in pre-market trading after the EV charging network operator said that the third quarter revenue will fall short of expectations.

The company provided preliminary third quarter revenue of of $65 million previously expected.

Charge Point also has a new president and CEO, Rick Wilmer.

Wilmer said overall macroeconomic conditions,

along with fleet and commercial vehicle delivery delays

...