Corporate/Finance: Page 2
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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 conditional $6.6B loan from Department of Energy
The funds would revive construction of the company’s electric vehicle factory in Georgia.
By Larry Avila • Nov. 26, 2024 -
Shaunl via Getty Images
Many car owners with loans are struggling: JD Power
A survey of more than 11,000 consumers found 1% of those at financial risk had enough savings to cover six months of living expenses.
By Kalena Thomhave • Nov. 26, 2024 -
Chip Somodevilla via Getty Images
Trump calls for 25% tariffs on imports from Canada and Mexico
The president-elect also called for additional 10% tariffs on imports from China as part of his day one White House plans.
By Philip Neuffer • Updated Nov. 26, 2024 -
Courtesy of Toyota Motor North America
Toyota North America’s VP of quality to retire
Kent Rice currently oversees the automaker’s development, deployment and management of the quality systems and policies within the company’s operations.
By Eric Walz • Nov. 25, 2024 -
Artistic Operations via Getty Images
BMW’s US footprint may protect it from tariff impacts, CEO says
CEO Oliver Zipse said 65% of the company’s cars sold in the U.S. are locally made.
By Larry Avila • Nov. 25, 2024 -
Provided by Volkswagen Group
Volkswagen names Rivian exec as its North America CEO
Kjell Gruner takes over Dec. 12 for Pablo Di Si, who stepped down from the post, according to the company.
By Larry Avila • Nov. 22, 2024 -
Courtesy of BorgWarner
BorgWarner CEO to retire, successor named
Frédéric Lissalde has been in the top leadership role since 2018. Now, he will hand the reins to Joseph Fadool.
By Haley Cawthon • Nov. 22, 2024 -
Bill Pugliano via Getty Images
GM cuts hundreds of jobs across the globe
The layoffs will impact UAW workers and the automaker’s Michigan tech center.
By Larry Avila • Nov. 20, 2024 -
Courtesy of Lucid Group, Inc.
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 Haley Cawthon • Nov. 20, 2024 -
Justin Sullivan via Getty Images
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 -
Courtesy of American Honda Motor Co.
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 Larry Avila • Nov. 18, 2024 -
Shutterstock / DC Studio
Sponsored by YoozHow 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 -
Artistic Operations via Getty Images
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 Larry Avila • Nov. 15, 2024 -
Cindy Ord / Staff via Getty Images
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 -
Phillip Faraone for Rivian via Getty Images
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 Edwin Lopez • Nov. 13, 2024 -
Justin Sullivan via Getty Images
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 -
Courtesy of Stellantis
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 Eric Walz • Nov. 12, 2024 -
Justin Sullivan via Getty Images
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 -
Scott Olson via Getty Images
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 -
Courtesy of Nissan Motor Co. Ltd
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 Larry Avila • Nov. 7, 2024 -
Bill Pugliano via Getty Images
Automotive groups react to Donald Trump’s victory
Companies say they are now turning their focus on policies to protect and grow jobs.
By Larry Avila • Nov. 7, 2024 -
Courtesy of Toyota Motor North America
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 Eric Walz • Nov. 7, 2024 -
Courtesy of Stellantis
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 Eric Walz • Nov. 7, 2024
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