Corporate/Finance

  • General Motors GM headquarters Detroit
    Image attribution tooltip
    Bill Pugliano via Getty Images
    Image attribution tooltip

    GM cuts hundreds of jobs across the globe

    The layoffs will impact UAW workers and the automaker’s Michigan tech center.

    By • Nov. 20, 2024
  • A silver Lucid Gravity electric SUV parked in front of a cantilevered building with blue sky in the background.
    Image attribution tooltip
    Courtesy of Lucid Group, Inc.
    Image attribution tooltip

    Lucid opens Gravity orders in bid to reshape SUV market

    The company will begin with production of the $94,900 Grand Touring trim, which has a range of over 440 miles.

    By • Nov. 20, 2024
  • Shot of Rivian EV truck in a parking lot on Aug. 2023
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    Rivian CFO inks $3.5M trading plan as EV industry faces bumps

    President-elect Trump will likely ax the tax credit on electric vehicles, which could significantly impact competition in the segment.

    By Grace Noto • Nov. 20, 2024
  • 2024 Honda CR-V Sport Touring.
    Image attribution tooltip
    Courtesy of American Honda Motor Co.
    Image attribution tooltip

    Honda weighs production pivot ahead of potential tariffs

    The automaker is committed to ramping up U.S. electric vehicle production despite the incoming Trump administration's tariff threats, an executive said.

    By • Nov. 18, 2024
  • Two salesperson inside a car showroom
    Image attribution tooltip

    Shutterstock / DC Studio

    Image attribution tooltip
    Sponsored by Yooz

    How AP automation drives resilience in the automotive sector

    Enhance automotive operations and cut costs by streamlining the process and improving accuracy.

    By John Gronen • Nov. 18, 2024
  • Hyundai Palisade on the road
    Image attribution tooltip
    Artistic Operations via Getty Images
    Image attribution tooltip

    Hyundai shakes up C-suite to drive growth

    The global company made nine executive moves, including the promotion of presidents and CEOs to lead Hyundai Motor Co. and Kia Corp.

    By • Nov. 15, 2024
  • A person sits at a park table, working on a laptop and wearing ear buds.
    Image attribution tooltip
    Cindy Ord / Staff via Getty Images
    Image attribution tooltip

    Remote workers say they miss out on promotions — but they don’t want RTO

    United Culture noted that employees continue to favor workplace flexibility, highlighting “a disconnect between what leaders and their employees want.”

    By Kathryn Moody • Nov. 15, 2024
  • A man in glasses in front of a white car and a screen on stage.
    Image attribution tooltip
    Phillip Faraone for Rivian via Getty Images
    Image attribution tooltip

    Volkswagen, Rivian launch their $5.8B joint venture

    The announcement lifts the veil on one of the largest automotive deals this year, providing more details on its goals, leadership and financial structure.

    By • Nov. 13, 2024
  • Hand holding Saphire Preferred credit card reaches to tap the card at a fuel pump.
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    Average salary increases are sloping downward, survey shows

    More companies returned to the “typical” salary increase range of 3% to 3.9% in 2024, Salary.com found.

    By Emilie Shumway • Nov. 13, 2024
  • A production operator at Stellantis' Detroit Assembly Complex loads a door frame for a Jeep Grand Cherokee.
    Image attribution tooltip
    Courtesy of Stellantis
    Image attribution tooltip

    Stellantis to lay off 400 workers at Detroit material logistics facility

    The latest job cuts follow last week’s lay off announcement of 1,100 UAW-represented employees at the automaker’s Toledo South Assembly Plant in Ohio.

    By • Nov. 12, 2024
  • Americans car loan debt Edmunds
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    Rising share of consumers owe more on their cars than they’re worth

    At least one in five consumers had negative equity of more than $10,000 in Q3, according to Edmunds research.

    By Kalena Thomhave • Nov. 8, 2024
  • Federal Reserve Chair Jerome Powell.
    Image attribution tooltip
    Scott Olson via Getty Images
    Image attribution tooltip

    Fed cuts rate by quarter point, sees ‘balanced’ risks to inflation, jobs

    The reduction in borrowing costs came just two days after Donald Trump won a second term as president, heralding likely economic policy shifts.

    By Jim Tyson • Nov. 8, 2024
  • The front badge of the Nissan Aiyra electric SUV.
    Image attribution tooltip
    Courtesy of Nissan Motor Co. Ltd
    Image attribution tooltip

    Nissan plans to cut 9,000 jobs as it slashes global production

    CEO Makoto Uchida said the cost-cutting move is in response to weak sales and a 90% drop in operating profit. 

    By • Nov. 7, 2024
  • A man stands in front of a podium in a suit.
    Image attribution tooltip
    Bill Pugliano via Getty Images
    Image attribution tooltip

    Automotive groups react to Donald Trump’s victory

    Companies say they are now turning their focus on policies to protect and grow jobs.

    By • Nov. 7, 2024
  • The 2025 Toyota RAV4 hybrid SUV.
    Image attribution tooltip
    Courtesy of Toyota Motor North America
    Image attribution tooltip

    Toyota’s Q2 profit falls by $1.8B, its first quarterly decline in 2 years

    The automaker cited several factors for the decline, including uncertain economic conditions, market demand and a more competitive environment.

    By • Nov. 7, 2024
  • Two workers at Stellantis's Toledo, Ohio Assembly Complex installing the windshield on a blue Jeep Gladiator.
    Image attribution tooltip
    Courtesy of Stellantis
    Image attribution tooltip

    Stellantis to lay off 1,100 at its Toledo South Assembly Plant

    The layoffs are effective as early as Jan. 5, 2025. The automaker called it a “necessary action to reduce high inventory levels.”

    By • Nov. 7, 2024
  • Republican presidential nominee former U.S. President Donald Trump speaks at a campaign rally at the Johnny Mercer Theatre on September 24, 2024 in Savannah, Georgia.
    Image attribution tooltip
    Brandon Bell via Getty Images
    Image attribution tooltip

    4 employment actions to expect under a second Trump presidency

    Employers are likely to see immigration raids, agency chair replacements and a slowing in regulatory activity, experts at Littler predicted.

    By Emilie Shumway • Nov. 6, 2024
  • Subaru WRX dealer lot
    Image attribution tooltip
    jetcityimage via Getty Images
    Image attribution tooltip

    Subaru anticipates 15% drop in 2025 profits

    The automaker reported a 20% sales decrease — including a 10% decline in the U.S. — during the first half of its fiscal year.

    By • Nov. 6, 2024
  • A red 2024 Volkswagen Tiguan SUV driving on a highway.
    Image attribution tooltip
    Courtesy of Volkswagen Group
    Image attribution tooltip

    Volkswagen’s Q3 revenue drops by 41.7% YoY

    The automaker attributed the decline to slowing sales in the China market, restructuring expenses for its passenger cars business and investments in new products.

    By • Nov. 5, 2024
  • Stellantis Dodge Charge Daytona SRT
    Image attribution tooltip

    Provided by Stellantis

    Image attribution tooltip

    Stellantis Q3 year-over-year revenue nosedives 27%

    The automaker shipped fewer new vehicles during the quarter as it prioritizes EV rollouts and selling excess inventory.

    By • Nov. 4, 2024
  • A corporate photo of Ford Integrated Services CEO Peter Stern.
    Image attribution tooltip
    Courtesy of Ford Motor Co.
    Image attribution tooltip

    Ford Integrated Services unit chief departs for Peloton

    Peter Stern's team was tasked with building out the automaker’s BlueCruise hands-free highway driving system and other key technology projects.

    By • Updated Nov. 11, 2024
  • A view of office buildings on October 27, 2022 in San Francisco, California.
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    Employers willing to pony up for in-office work, Robert Half says

    Companies are offering return-to-office premiums of up to 20% for new hires, the consulting firm’s recent managers’ survey found.

    By Ryan Golden • Oct. 31, 2024
  • A woman speaks to colleagues on a video connection.
    Image attribution tooltip
    SDI Productions via Getty Images
    Image attribution tooltip

    More than half of older US workers say ageism hinders their hiring

    Few workers over age 50 feel optimistic about their job search in coming months, a new report shows.

    By Carolyn Crist • Oct. 30, 2024
  • Ford F-150 pickup truck 2024
    Image attribution tooltip
    jetcityimage via Getty Images
    Image attribution tooltip

    Warranty spend weighs on Ford’s Q3 profit

    The automaker said it would be on pace for record profit in 2024 if it weren’t for higher-than-expected warranty costs.

    By • Oct. 30, 2024
  • Volvo XC90 AWD luxury SUV
    Image attribution tooltip
    Artistic Operations via Getty Images
    Image attribution tooltip

    Volvo dials back full-year growth projections

    However, Volvo Cars’ CEO Jim Rowan believes reluctant buyers will be swayed when the automaker introduces its expanded EV and hybrid lineup.

    By • Oct. 29, 2024