Corporate/Finance: Page 2
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Nissan slashing 20K jobs by FY2027
The automaker’s latest cost-savings plan also calls for seven plant closures in an effort to generate $3.4 billion in savings.
By Larry Avila • May 13, 2025 -
Toyota forecasts net income decline of 21% amid tariffs
The automaker faces uncertainties in the upcoming fiscal year as it works to lessen the impact of U.S. tariffs and potentially higher supply chain costs.
By Eric Walz • May 13, 2025 -
Polestar names new North America leader
Rick Bryant will succeed Anders Gustafsson, effective May 12.
By Larry Avila • May 12, 2025 -
US, China agree to reduce tariff rates for 90 days
By Wednesday, the two countries will charge 10% baseline duties during the period and remove certain retaliatory levies that pushed rates over 100%.
By Philip Neuffer • May 12, 2025 -
Deep Dive
Omnichannel, first-party data top automotive marketing trends in 2025
OEMs and dealers are investing heavily in customer retention and conquesting and creating seamless buyers’ journeys, experts say.
By Michael Brady • May 9, 2025 -
American Honda steers AI efforts with data governance, quality focus
The generative AI early adopter has worked to improve data management as it aims for better model accuracy and performance to bolster decision-making.
By Lindsey Wilkinson • May 9, 2025 -
Lucid leans into US manufacturing, Gravity launch amid market headwinds
The luxury EV manufacturer touts growth, tech licensing potential and domestic supply chain advantages in the wake of tariff turmoil.
By Nancy Dunham | WardsAuto • May 8, 2025 -
GM names North America president
Duncan Aldred takes over the role vacated by Marissa West in August 2024.
By Larry Avila • May 7, 2025 -
Hyundai bolsters executive leadership
The automaker promoted one executive to a new global role and another to oversee its North America manufacturing.
By Larry Avila • May 7, 2025 -
‘We’re headed in the wrong direction’: Tariffs drive up prices, hurt output, PMI says
Manufacturers pulled back on production last month as the Trump administration's volatile trade policy caused consumer confusion and a drop in demand, according to the Institute for Supply Management.
By Kate Magill • May 6, 2025 -
Ford lowers 2025 earnings outlook amid tariffs, BEV losses
While the automaker faces headwinds for the rest of 2025, the company says it is improving quality and lowering fixed costs.
By David Kiley | WardsAuto • May 6, 2025 -
Tariffs see Stellantis ditch financial forecast as Q1 revenues slide
The automaker’s first quarter revenue slumps 14% as it launches its financial recovery plan.
By Paul Myles | WardsAuto • May 2, 2025 -
GM projects up to $5B in tariff costs in 2025
The automaker says it will work to hold the line on consumer pricing of its vehicles.
By David Kiley | WardsAuto • May 2, 2025 -
Mercedes-Benz to produce a new ‘core-segment’ vehicle in Alabama
Details were limited, but a spokesperson said the move aligns with the automaker's focus on optimization amid market shifts.
By Larry Avila • May 2, 2025 -
GM beats Wall Street expectations, suspends guidance over tariffs
General Motors is heavily exposed to tariffs, including its Buick brand, but Trump’s waffling offers some relief.
By David Kiley | WardsAuto • April 30, 2025 -
Stellantis marks 2M Ram 1500 trucks built in Michigan plant
The facility will manufacture electric trucks, with a hybrid option coming to market this year.
By Kalena Thomhave • April 29, 2025 -
Tariffs could spike costs for domestic automakers by $108B
A new report estimates that higher import duties on automotive parts will impact nearly all of the 17.7 million vehicles built in the U.S. annually.
By Kalena Thomhave • April 29, 2025 -
Adam Chamberlain returns to Mercedes-Benz USA as CEO
Dimitris Psillakis will transition to a senior strategic advisor role and remain with the company until the end of 2025, the automaker said.
By Kalena Thomhave • April 28, 2025 -
Volvo Cars names new CFO
Deputy CFO Fredrik Hansson has taken over for Johan Ekdahl, who resigned after nearly a decade on the job.
By Larry Avila • April 25, 2025 -
Hyundai posts its highest Q1 revenue in company history
The automaker plans to maintain its sales momentum with the launch of new hybrids and fully electric models under its Ioniq brand.
By Eric Walz • April 25, 2025 -
GM’s head of global manufacturing resigns
Jens Peter Clausen, a veteran of Tesla and Google, will step down in mid-May after overseeing the automaker's manufacturing for a little over a year.
By Larry Avila • April 24, 2025 -
Auto groups: US tariff policies ‘will scramble the global automotive supply chain’
In a letter to the Trump administration, industry leaders say recent actions will increase costs and eliminate jobs.
By Larry Avila • April 23, 2025 -
Tesla’s net profit nosedives 71% in Q1
Elon Musk’s alignment with the Trump administration may be impacting Tesla's reputation, according to one analyst.
By Eric Walz • April 23, 2025 -
General Motors taps Dell sustainability head to become new CSO
Cassandra Garber will lead the automotive giant’s sustainability efforts and ESG practices starting April 22, which coincides with Earth Day.
By Zoya Mirza • April 22, 2025 -
Nissan nominates 4 new board candidates after exec shakeup
New CEO Ivan Espinosa is among the recommended director appointments after the automaker overhauled its executive leadership team to lead its turnaround.
By Larry Avila • April 22, 2025