Corporate/Finance: Page 4
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GM reports $1.1B profit loss in Q2
The automaker will turn to cost-cutting to mitigate the impact of higher import duties.
By David Kiley | WardsAuto • July 22, 2025 -
Tariffs to slow spending, economic growth during H2: Conference Board
Consumers face an average effective tariff rate of 20.6% and a 2.1% short-run increase in prices, the Yale Budget Lab said.
By Jim Tyson • July 22, 2025 -
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Nissan ending production at Japan plant
The automaker is working to return to profitability by FY2026, which includes reducing its global production footprint from 17 to 10 plants.
By Larry Avila • July 21, 2025 -
Nissan executive named CTO at grocery giant Ahold Delhaize
Jan Brecht previously served in leadership stints at Mercedes-Benz and Adidas.
By Roberto Torres • July 21, 2025 -
Stellantis names new North American dealer strategy leader
Jason Stoicevich returns to the automaker after departing a year ago and his return continues a wave of executive changes at the company.
By Larry Avila • July 18, 2025 -
In California, new car dealers look to apprenticeships to fill talent gaps
Across the industry, dealerships have reported shortages due to an aging workforce.
By Carolyn Crist • July 18, 2025 -
CHROs can be more critical than CEO in succession planning, report finds
Chief human resource officers can lead a successful process when trusted by the board and C-suite, but without it, CEO succession planning can face major challenges.
By Carolyn Crist • July 16, 2025 -
Volvo Cars takes $1.2B impairment charge
Ahead of reporting its Q2 earnings, the automaker cited U.S. tariffs and EV delays for the setback.
By Larry Avila • July 15, 2025 -
Mercedes-Benz Vans names North American sales leader
Jee-Seop Kim will take over Sept. 1 for Heike Scheuble, who is retiring after four decades with the automaker.
By Larry Avila • July 15, 2025 -
Tesla CFO offloads another $1.7M in stock
After a 14% decline in vehicle deliveries in Q2, the electric automaker is facing rising pressure from its shareholders.
By Grace Noto • July 15, 2025 -
Nissan names VP of US sales and regional operations
Arcangelo Lofaro, a 20-year veteran of the company, began his new role on July 1.
By Larry Avila • July 14, 2025 -
US plans 35% tariffs on Canada imports
President Donald Trump said the duties will take effect Aug. 1 while decrying the country’s retaliatory levies to U.S. tariffs.
By Philip Neuffer • July 11, 2025 -
US to levy 50% copper tariffs Aug. 1
President Donald Trump made the announcement days after indicating duties were coming soon for copper and pharmaceutical imports.
By Philip Neuffer • July 10, 2025 -
BMW of North America names VP of marketing
Leigh Moynihan joins the automaker after serving in a similar role at Volvo Car USA for nearly 8 years.
By Larry Avila • July 10, 2025 -
Stellantis taps Ram CEO as new head of its American brands
Among his new roles, Tim Kuniskis will oversee the revival of the automaker’s storied SRT performance division.
By Larry Avila • July 8, 2025 -
Auto trade groups praise passage of ‘One Big Beautiful Bill’
Several associations hailed the extension of certain 2017 tax provisions, though some mourned the phase-out of key provisions for electric vehicles.
By Larry Avila • Updated July 8, 2025 -
Continental continues push to focus solely on tires
The automotive supplier confirmed it will sell its ContiTech business division as it further streamlines its operations.
By Kalena Thomhave • July 2, 2025 -
FedEx establishes automotive vertical in B2B shipping push
The logistics giant aims to capture more premium volume in the North American auto market, Chief Customer Officer Brie Carere said.
By Max Garland • July 2, 2025 -
Auto insurance customer satisfaction in need of improvement: JD Power
After years of rate increases, auto insurers should focus on customer retention.
By Kalena Thomhave • June 30, 2025 -
Stellantis CEO’s new leadership team features both tenured and fresh faces
Antonio Filosa is surrounding himself with 16 executives he says bring an entrepreneurial spirit and profound understanding of the company's brands.
By Kalena Thomhave • June 27, 2025 -
Fed on hold to see if tariff-induced inflation persists, Powell says
“A majority of my committee has said that they do expect to cut rates between now and the end of the year,” Federal Reserve Chair Jerome Powell said.
By Jim Tyson • June 26, 2025 -
EV maker Polestar secures $200M equity investment
The funding comes from existing investor PSD Investment, which is controlled by the founder and chairman of Geely Holding Group.
By Eric Walz • June 26, 2025 -
Stellantis plans $388M parts distribution ‘Megahub’ in metro Detroit
The facility will be staffed by nearly 500 UAW workers once operational in 2027, according to the company.
By Kalena Thomhave • June 24, 2025 -
Flexibility key in tariff turmoil: Toyota, Rivian execs
Executives from the two companies suggest that with fluctuating trade policies, the short-term priority for OEMs should be staying the course.
By Larry Avila • June 23, 2025 -
Toyota, Daimler ink deal to merge truck companies
Mitsubishi Fuso and Hino Motors will become equals under a new holding company that is expected to begin operations in April 2026.
By Haley Cawthon • June 23, 2025