Corporate/Finance: Page 4
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Provided by General Motors
Quarterly sales roundupMost automakers close 2024 on a high note
Ford, GM report record-setting marks for electric vehicles sold, while Stellantis falters.
By Larry Avila • Jan. 14, 2025 -
John Locher/AP
Automakers respond to devastating California wildfires
BMW Group joined the list of automakers donating or offering support to relief efforts.
By Larry Avila • Updated Jan. 23, 2025 -
Courtesy of General Motors
GM’s SVP of global design to retire after a 42-year career
Bryan Nesbitt, current executive director of global Cadillac design, will take over the role July 1.
By Eric Walz • Jan. 9, 2025 -
SeventyFour/Shutterstock.com
When HR uses engagement data, productivity and retention increase, McLean says
But “engagement action planning is not just about addressing employee feedback,” one McLean & Co. leader said.
By Carolyn Crist • Jan. 9, 2025 -
Provided by Hyundai Motor Group
Hyundai CEO encourages company to embrace change
Executive Chair Euisun Chung said, “evolving consumer preferences, technological evolution and the accelerating pace of innovation will make 2025 a year of complex global dynamics.”
By Larry Avila • Jan. 7, 2025 -
Justin Sullivan via Getty Images
Hyundai fills executive ranks to shore up leadership roles
The new company leaders will oversee a wide range of operations, including finance, technology and innovation.
By Larry Avila • Jan. 3, 2025 -
Provided by Honda Motor Co.
Honda, Nissan merger would boost automakers’ global position: analysts
The potential deal promises to create the world’s third largest automotive company with significant technology, manufacturing and supply chain synergies.
By Larry Avila • Jan. 2, 2025 -
jetcityimage via Getty Images
Subaru the most reliable car brand: Consumer Reports
The automaker’s use of shared components across different models, increased their vehicle dependability rating.
By Kalena Thomhave • Dec. 20, 2024 -
Courtesy of Rivian
Key tech details of Rivian and VW’s joint venture partnership
Significant work has been done to ensure Rivian’s electrical architecture and software are compatible with Volkswagen vehicles.
By Eric Walz • Dec. 19, 2024 -
Anna Moneymaker/Getty Images via Getty Images
Fed trims main interest rate, signals prospect of less easing in 2025
Policymakers reduced the benchmark interest despite signs that their nearly three-year fight to push down inflation to their 2% target has stalled.
By Jim Tyson • Updated Dec. 18, 2024 -
Courtesy of Stellantis
Slowing global sales spark layoffs in 2024
Some automakers have reduced their workforce amid cooling demand for new vehicles.
By Larry Avila • Dec. 17, 2024 -
Provided by Nissan Motor Co.
Nissan shuffles C-suite to spark turnaround
The automaker plans to announce more appointments in April as it looks to revive slumping sales.
By Larry Avila • Dec. 16, 2024 -
Provided by Hyundai Motor Co.
Hyundai and Genesis Motor North America names CEO
The automaker said Randy Parker has been instrumental in leading its U.S. sales growth, setting all-time company sales records for three consecutive years.
By Larry Avila • Dec. 13, 2024 -
Courtesy of Volkswagen Group
Volkswagen, SAIC extend partnership to 2040
The joint venture will focus on product, production and decarbonization initiatives, including an accelerated electrification strategy.
By Haley Cawthon • Dec. 12, 2024 -
Courtesy of Toyota Motor North America
Toyota names C-suite officers after resignation
Two current executives will take over Jun Nagata's chief risk officer and chief compliance officer roles.
By Kalena Thomhave • Dec. 11, 2024 -
Mario Tama/Staff/Getty Images News via Getty Images
Deep DiveInventory management key amid EV uncertainty, affordability woes, experts say
Automakers might struggle to manage inventories as federal support for electric vehicle purchases could change with the new administration.
By Michael Brady • Dec. 11, 2024 -
Courtesy of Stellantis
Stellantis shakes up North American leadership, Ram CEO returns
As the automaker seeks to spark sales, Timothy Kuniskis has returned as Ram CEO after retiring in May.
By Eric Walz • Dec. 10, 2024 -
Justin Sullivan via Getty Images
Wholesale used vehicle prices increased in first half of November
Retail pre-owned sales have increased in recent weeks, which should contribute to elevated demand, according to Cox Automotive Analyst Jeremy Robb.
By Kalena Thomhave • Dec. 10, 2024 -
Ian Forsyth via Getty Images
Nissan names US chief marketing officer
The automaker says Allyson Witherspoon is tasked with strengthening its image in a critical market for the company.
By Kalena Thomhave • Dec. 5, 2024 -
Courtesy of Ultium Cells LLC
GM sells stake in Ultium Cells joint venture battery plant
The plant is one of three U.S. facilities that the automaker planned to operate as part of its joint venture with LG Energy Solution.
By Eric Walz • Dec. 4, 2024 -
Courtesy of Lynx & Co.
Volvo sells 30% stake of Lynx & Co. to Zeekr
The automaker’s equity was valued at $747.4 million and the divestment is part of a new ownership structure for the jointly operated brand.
By Eric Walz • Dec. 3, 2024 -
Sean Gallup via Getty Images
Stellantis CEO Carlos Tavares resigns
The departure of the automaker’s CEO follows a wave of executive turnover this year amid significant sales declines in North America.
By Eric Walz • Dec. 2, 2024 -
Rodrigo Garrido/Reuters
Trump taps Jamieson Greer as USTR
The international trade lawyer would lead the agency as the new administration embarks on an aggressive tariff agenda against China and other countries.
By Kate Magill • Nov. 27, 2024 -
Provided by Maserati
Maserati taps ex-Lucid exec as North America GM
Andrea Soriani, former VP of marketing at the EV maker, is returning to the luxury auto manufacturer after seven years.
By Haley Cawthon • Nov. 27, 2024 -
Phillip Faraone via Getty Images
Rivian lands $6.6B loan from the Department of Energy
The funds will help revive construction of the company’s electric vehicle factory in Georgia.
By Larry Avila • Updated Jan. 17, 2025
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