Corporate/Finance


  • Mazda campaign art
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    Courtesy of Mazda
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    Q&A

    Mazda’s CMO on the strategy behind the company’s new brand platform

    The automaker's "Move and Be Moved" campaign is helping reimagine the 104-year-old brand at a time of industry transformation.

    By Chris Kelly • Oct. 3, 2024
  • Jerome Powell, testimony, U.S. House, Financial Services Committee
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    Win McNamee via Getty Images
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    Powell says Fed policymakers not ‘in a hurry’ to cut interest rates

    “We’re recalibrating policy to maintain the strength in the economy, not because of weakness in the economy,” Federal Reserve Chair Jerome Powell said.

    By Jim Tyson • Oct. 3, 2024
  • 2023 Volkswagen ID.4
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    Courtesy of Volkswagen
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    Volkswagen slashes financial outlook — again

    It’s the second time in less than three months that VW has warned of reduced profits.

    By Oct. 3, 2024
  • The Stellantis sign outside the company’s North American office in Auburn Hills, Michigan.
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    Courtesy of Stellantis
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    Stellantis’ sales struggles spur lower guidance

    The automaker also adjusted its inventory and shipment plans, citing "corrective actions" in North America.

    By Oct. 2, 2024
  • Ram trucks on a car lot
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    Brandon Bell via Getty Images
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    Dealer pessimism rises amid concerns about economy, election

    The sentiment is likely driven by rising costs and declining profitability relative to an industry peak in 2021, according to a recent Cox Automotive survey.

    By Kalena Thomhave • Sept. 30, 2024
  • New cars parked at a dealership.
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    Bilanol/iStock/Getty Images Plus via Getty Images
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    Fed rate cut unlikely to boost US auto sales in Q4

    However, continued interest rate cuts and lower vehicle prices could make a difference in 2025, analysts said.

    By Sept. 27, 2024
  • A general view of GMC Hummer EVs on November 17, 2021 at General Motors' Factory ZERO electric vehicle assembly plant in Detroit, Michigan
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    Nic Antaya via Getty Images
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    White House backs $1B EV supplier fund

    Monroe Capital’s managed fund is focused on helping small- and medium-sized auto manufacturers transition to electric vehicle production.

    By Kate Magill • Sept. 25, 2024
  • Electric vehicles at an EV charging station.
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    EXTREME-PHOTOGRAPHER via Getty Images
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    Biden administration proposes expanding tax credits for EV charger installations

    The proposed rule would expand on January guidance from the Treasury Department, allowing the tax credit to be accessed per individual charging port installed.

    By Robert Walton • Sept. 23, 2024
  • A man with silver hair in a suit gestures at a podium.
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    Anna Moneymaker via Getty Images
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    Fed cuts main rate by half point, voices confidence inflation falling

    The central bank trimmed borrowing costs from a two-decade high after policymakers noted their growing concern about softening in the labor market.

    By Jim Tyson • Sept. 19, 2024
  • A person sits behind a privacy shield bearing the U.S. flag and the word "vote."
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    Brandon Bell / Staff via Getty Images
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    Amid political talk at work, employees say they want resources for psychological safety

    Employers can facilitate open and respectful dialogue, as well as offer policies and resources to address employees’ concerns and needs, Randstad says.

    By Carolyn Crist • Sept. 18, 2024
  • A press photo of the BrightDrop, Zevo 600 and Zevo 400 electric cargo vans.
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    Courtesy of General Motors
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    GM moves BrightDrop EVs under Chevy brand

    The decision aims to make it more convenient for commercial customers to maintain and service the electric vehicles.

    By Sept. 17, 2024
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    Dan Kitwood via Getty Images
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    Former Hyundai CMO named X’s global head of marketing

    At the automaker, Angela Zepeda was named one the world's most influential people in the role by Forbes.

    By Peter Adams • Sept. 16, 2024
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    Courtesy of Ford Motor Co.
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    Ford Pro CEO to step down

    Ted Cannis, who has led the automaker's most profitable business unit since its founding, is retiring after 35 years.

    By Sept. 16, 2024
  • The black steering wheel in a model year 2010 BMW 3-Series.
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    Courtesy of BMW Group AG
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    BMW lowers guidance amid costly recall, China headwinds

    The automaker says faulty integrated braking systems on 1.5 million vehicles will result in nine-figure warranty costs in Q3.

    By Sept. 16, 2024
  • A light-duty truck is manufactured on an assembly line
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    Courtesy of Stellantis
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    Stellantis invests over $400M in 3 Michigan facilities

    The automaker’s electrification strategy involves retooling several factories to assemble electric vehicles alongside internal combustion engine models.

    By Sept. 11, 2024
  • 2023 Volkswagen ID.4
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    Courtesy of Volkswagen
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    Volkswagen switches exec roles, naming new finance chief

    Patrik Andreas Mayer and David Powels are trading positions as the automaker takes big operating losses in its passenger cars division.

    By Sept. 10, 2024
  • Hyundai Motor Co. CEO and President, Jaehoon Chang, speaks at the company Investor Say event in Seoul, South Korea on Aug 27.
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    Courtesy of Hyundai Motor Co.
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    4 takeaways from Hyundai’s updated long-term strategy

    Extended-range EVs, advanced technologies for hybrid vehicles and new models are in store over the next decade.

    By Sept. 10, 2024
  • The new Chevrolet Blazer EV, Chevrolet Equinox EV and Chevrolet Silverado EV RST placed together for a media photo.
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    Courtesy of General Motors
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    Former Visa CEO joins GM board

    The automaker says Alfred Kelly will be an asset as it looks to unlock growth opportunities in electric and autonomous vehicles.

    By Sept. 9, 2024
  • Uber sign on office building in New York City.
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    Michael M. Santiago via Getty Images
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    Uber taps former Tesla exec to oversee sustainability strategy, shift to EVs

    Rebecca Tinucci will oversee the ride-share giant’s transition to becoming an emissions-free mobility platform by 2040.

    By Zoya Mirza • Sept. 5, 2024
  • A man in a blazer sits at a table
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    Courtesy of Polestar
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    Polestar hires Stellantis exec as next CFO

    Jean-Francois Mady will step into the role as the EV maker faces several challenges, including potential delisting from the Nasdaq stock exchange.

    By Sept. 5, 2024
  • A Porsche vehicle driving down a road
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    Courtesy of Porsche
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    Porsche plans majority takeover of Varta battery unit

    The automaker expects to participate in the reorganization of the manufacturer, whose lithium-ion cells are used in the hybrid Porsche 911 Carrera GTS.

    By Sept. 4, 2024
  • A black 2023 Jeep Grand Wagoneer SUV.
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    Courtesy of Stellantis
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    Stellantis promotes 2 to help lead North America operations

    The automaker has been shaking up its leadership ranks, this time naming a new Jeep head and network development lead for the region.

    By Sept. 4, 2024
  • The 2024 Mazda CX-30 crossover.
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    Courtesy of Mazda North America
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    Mazda promotes Japan exec as North America CFO

    The automaker says Tatsuro Omura will play a key role in steering its financial strategy and operations in the U.S.

    By Sept. 3, 2024
  • Polestar CEO Michael Lohscheller posing with a white Polestar electric vehicle.
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    Courtesy of Polestar
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    Polestar CEO resigns

    The company announced that Michael Lohscheller, who has previously served as CEO of Opel, VinFast and Nikola, will take over as CEO on Oct 1.

    By Aug. 30, 2024
  • A man in a black T-shirt and beige blazer
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    Courtesy of Ford
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    Ford names new design head

    Todd Willing, who has been with the automaker for over two decades, now leads design for Ford and Lincoln vehicles worldwide.

    By Aug. 29, 2024