Top 5 stories of the week: Earnings from Rivian, Toyota and Nissan; GM's fleet strategy

It was a big earnings week as Rivian Automotive, Toyota Motor Corp. and Nissan Motor Co. all reported financial results. General Motors, meanwhile, outlined its fleet strategy along with a new name.

Those are some of the top stories of the week as determined by Automotive News reader interest.

Here's the rundown.

Rivian Automotive, in the midst of a wholesale retooling of its plant in Normal, Ill., said its first-quarter net loss widened to $1.45 billion as revenue nearly doubled to $1.2 billion compared with the same period last year.

The creation of GM Envolve was not just new branding, executives said. Rather, it was a rethinking of how the automaker works with commercial customers.

Toyota reported across-the-board record results in its just ended fiscal year, but it warned that earnings will retreat in the current year. Meanwhile, Nissan reported a 51 percent increase in operating profit in the fiscal year ended March 31, but it missed its global sales and profit margin goals by a wide gap.

Workers at Stellantis' Warren Stamping Plant in suburban Detroit voted to authorize a strike over health and safety grievances, though the union said there were no immediate plans for a strike.

With a nearly triple-digit days' supply, Nissan is letting its retailers advertise vehicle prices below invoice — the first time the automaker has done so widely since before the pandemic.