Corporate/Finance
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itsarasak thithuekthak via Getty Images
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 -
Provided by Stellantis
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 -
Douglas Rissing via Getty Images
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 -
Courtesy of Polestar
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 -
Provided by Stellantis
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 -
Provided by Rivian
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 -
Photo provided by Toyota Motor Corp.
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 -
Provided by BMW Group
BMW Group Financial Services North America names president and CEO
Ole Jensen was appointed the new head of BMW’s financial services arm in the US and the Americas.
By Kalena Thomhave • June 16, 2025 -
Justin Sullivan via Getty Images
Toyota Motor North America names new general counsel
Elizabeth Gibson was promoted to lead the in-house legal team after 19 years with the company.
By Kalena Thomhave • June 13, 2025 -
Provided by Allison Transmission
Allison Transmission acquires Dana Inc.’s off-highway unit for $2.7B
Through the purchase, the supplier aims to expand its commercial powertrain offerings to a broader global marketplace.
By Larry Avila • June 13, 2025 -
Bill Pugliano via Getty Images
GM names head of global manufacturing
Company veteran Mike Trevorrow will serve a dual role overseeing the automaker’s worldwide manufacturing and engineering operations.
By Larry Avila • June 12, 2025 -
Provided by Lucid Group.
Lucid elects Douglas Grimm to board
The seasoned transportation industry executive’s experience includes stints with Chrysler and Dana Inc.
By Larry Avila • June 11, 2025 -
Courtesy of General Motors
GM is investing $4B in three plants to boost domestic production
The automaker says the investments will provide it with the capacity to build 2 million vehicles a year in the U.S.
By Eric Walz • June 11, 2025 -
Provided by Nissan Motor Co.
Automakers must cope with tariff-fueled business climate in the short-term: analyst
S&P Global forecasts that the global trade environment may have more clarity by the end of the year.
By Larry Avila • June 10, 2025 -
Alvarog1970 via Getty Images
Employers say they still plan to hire interns, but job offers post-internship decline
According to benchmark data, employers extended fewer offers of full-time employment to their 2023-2024 interns than in the past, NACE said.
By Laurel Kalser • June 10, 2025 -
Provided by Subaru of America
Subaru of America names chairman and CEO
Company veteran Yoichi Hori will oversee the automaker’s U.S. business operations.
By Larry Avila • June 5, 2025 -
Kevin Dietsch via Getty Images
Tesla CFO offloads over $2M in stock as EU sales tumble
The stock sales come as Tesla’s European sales declined by 53% in April compared to the previous year.
By Grace Noto • June 5, 2025 -
Provided by Ford Motor Co.
Ford names chief accounting officer
Kyle Crockett will succeed Mark Kosman who is moving into a new position within the automaker's finance division.
By Kalena Thomhave • June 4, 2025 -
Courtesy of Toyota Motor North America
Toyota Motor North America names chief compliance officer
Dawn Pittman Collins will take over for Jacqueline Thomas who is retiring after more than two decades with the automaker.
By Larry Avila • June 4, 2025 -
Scott Olson via Getty Images
Consumers sustain interest in EVs but range anxiety still a concern
Vehicle shoppers remain worried about EV charging station availability but uncertainty about the cost of EVs has declined, according to J.D. Power.
By Kalena Thomhave • June 2, 2025 -
Photo provided by Mercedes-Benz
Mercedes-Benz moving key corporate operations to metro Atlanta
The automaker will close a Michigan office and centralize most of its financial and technical teams in the southeastern U.S.
By Larry Avila • May 30, 2025 -
US court blocks Trump’s sweeping tariffs
Despite the ruling, tariffs on automobiles, auto parts, steel and aluminum products will remain in place.
By Edwin Lopez • Updated May 29, 2025 -
Retrived from Rivian
Rivian secures $1B infusion from VW after meeting Q2 profit goal
Volkswagen Group’s investment will help the EV maker continue production, even as the company works to mitigate the impact of tariffs.
By Larry Avila • May 29, 2025 -
Photo provided by Volvo Cars
Volvo Cars slashing 3K jobs globally
The move is part of a $1.8 billion cost-cutting strategy and will eliminate roughly 15% of the automaker’s workforce.
By Larry Avila • May 29, 2025 -
Dan Kitwood via Getty Images
College grads say they are confident about jobs but cautious about economy
Employers that offer flexibility, purpose and growth pathways will attract and retain the next generation of top talent, a CareerBuilder + Monster executive said.
By Carolyn Crist • May 29, 2025
