Corporate/Finance: Page 2

  • Antiono Filosa Stellantis CEO Jeep
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    Provided by Stellantis 

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    Stellantis names Antonio Filosa as global CEO

    The parent of the Jeep, Dodge and Chrysler brands has picked a company veteran to lead its turnaround.

    By • May 28, 2025
  • A person wearing a neon worker vest reaches out of the driver’s seat window of a large truck to wipe the truck’s side mirror. The person is reflected in the mirror.
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    Colin Campbell/Automotive Dive
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    Employees are walking on eggshells in 2025, report finds

    Workers may be staying put because they’re anxious about job security, according to BambooHR. 

    By Laurel Kalser • May 28, 2025
  • A sign outside of GM's Tonawanda Propulsion plant near Buffalo, New York showing it "UAW Local 774", which represents the plant's hourly employees.
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    Courtesy of General Motors
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    GM to invest $888M in New York to produce next-gen V8 engine

    The automaker will use the funds to install new machinery, equipment, tools and facility renovations at its Tonawanda Propulsion plant.

    By • May 28, 2025
  • 2025 Subaru Forester Indiana
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    Provided by Subaru

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    Subaru weighs options to curtail a potential $2.5B tariff hit

    The automaker’s Indiana plant, which now makes around 350,000 vehicles a year, has capacity to ramp up production, a company spokesperson said.

    By • May 22, 2025
  • BMW Alpina XB7 Spartanburg South Carolina
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    Provided by BMW Group  

     

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    BMW hits milestone of 7M BMWs built in the US

    The automaker is investing $1.7 billion for EV production in the country. 

    By Kalena Thomhave • May 22, 2025
  • Rivian Normal Illinois plant production
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    Retrived from Rivian

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    Commerce asks automakers for supply chain data for tariff evaluations

    The federal agency will require submissions of information such as declared customs value of imports and country of final assembly for carmakers to qualify for reduced duty rates.

    By • May 21, 2025
  • Volvo EX 90 Ridgeland South Carolina
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    Provided by Volvo Cars

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    Volvo may build a new plug-in hybrid in South Carolina

    The automaker’s CEO says the current production of two models in South Carolina “will not be enough to fill the factory.”

    By • May 21, 2025
  • An emblems with the text CR-V and hybrid on the rear of a 2023 dark blue Honda CV-V crossover.
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    Courtesy of Honda Motor Co.
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    Honda reducing EV investments by $21B, shifting focus to hybrids, ADAS tech

    The automaker cited several factors for its decision, including slower than expected EV adoption, trade policies and relaxed environmental regulations in the U.S.

    By • May 20, 2025
  • A mechanic checks an automobile's oil.
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    Jon Cherry / Stringer via Getty Images
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    Employers should be mindful of the mid-life development crisis, report warns

    Organizations could be overlooking middle-aged workers’ career growth aspirations, creating a development vacuum, Perceptyx said.

    By Kathryn Moody • May 20, 2025
  • Stellantis Mopar New York Hudson Valley distribution center
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    Provided by Stellantis 

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    Stellantis opens automated parts distribution center in New York’s Hudson Valley

    The company said the new facility’s technology will speed order completion and delivery times in the region.

    By Kalena Thomhave • May 19, 2025
  • A stack of $20 U.S. bills lay on top of a scattering of more $20 bills.
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    Maksym Kapliuk via Getty Images
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    Inflation expected to surge to 7.3% in a year, fueled by tariff worry

    Consumer sentiment has slumped this year even as recent “hard data” reveal stable prices and robust hiring.

    By Jim Tyson • May 19, 2025
  • Sterling Anderson GM chief product officer Aurora Innovation
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    Provided by General Motors

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    GM names Aurora Innovation co-founder as chief product officer

    Sterling Anderson will manage product lifecycles for the automaker's gas vehicles and EVs, effective June 2.

    By • May 16, 2025
  • A woman stands in a supermarket.
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    Brandon Bell via Getty Images
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    Employers say their benefits are modern. Employees don’t agree, study finds.

    “The workplace is at a tipping point,” with a lot at stake for employers, said Michael Estep, president of Prudential Group Insurance.

    By Ginger Christ • May 16, 2025
  • Workers at Honda of Canada Manufacturing in Allison, Ontario pose with a 2025 dark blue Civic hybrid during its production start in June 2024.
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    Courtesy of Honda Canada Inc.
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    Honda postpones $11B EV production investment in Canada

    The automaker is delaying the plan by at least two years while seeking increased production in the U.S. for multiple models to avoid tariffs.

    By • May 14, 2025
  • Nissan Smyrna Tennessee plant
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    Provided by Nissan Motor Co. 

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    Nissan maneuvers to soften $3B hit from tariffs

    The automaker says mitigation strategies, including collaborating with suppliers, will lessen the impact of U.S. duties by 30%.

    By • May 14, 2025
  • Nissan Smyrna vehicle assembly plant
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    Provided by Nissan Motor Co. 

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    Nissan slashing 20K jobs by FY2027

    The automaker’s latest cost-savings plan also calls for seven plant closures in an effort to generate $3.4 billion in savings.

    By • May 13, 2025
  • A blue 2024 Toyota Prius parked outdoors with a city skyline in the background.
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    Courtesy of Toyota Motor North America
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    Toyota forecasts net income decline of 21% amid tariffs

    The automaker faces uncertainties in the upcoming fiscal year as it works to lessen the impact of U.S. tariffs and potentially higher supply chain costs.

    By • May 13, 2025
  • Polestar 3 SUV
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    Provided by Polestar

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    Polestar names new North America leader

    Rick Bryant will succeed Anders Gustafsson, effective May 12. 

    By • May 12, 2025
  • Treasury Secretary Scott Bessent appears before the House Financial Services Committee on May 7, 2025, in Washington, D.C.
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    Pete Marovich via Getty Images
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    US, China agree to reduce tariff rates for 90 days

    By Wednesday, the two countries will charge 10% baseline duties during the period and remove certain retaliatory levies that pushed rates over 100%.

    By Philip Neuffer • May 12, 2025
  • Shopper Tesla Cybertruck New York
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    Spencer Platt via Getty Images
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    Deep Dive

    Omnichannel, first-party data top automotive marketing trends in 2025

    OEMs and dealers are investing heavily in customer retention and conquesting and creating seamless buyers’ journeys, experts say.

    By • May 9, 2025
  • The Honda logo is displayed at the Howdy Honda dealership on March 18, 2024 in Austin, Texas.
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    Brandon Bell via Getty Images
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    American Honda steers AI efforts with data governance, quality focus

    The generative AI early adopter has worked to improve data management as it aims for better model accuracy and performance to bolster decision-making. 

    By Lindsey Wilkinson • May 9, 2025
  • Lucid Motors Group EVs SUV
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    Provided by Lucid Motors

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    Lucid leans into US manufacturing, Gravity launch amid market headwinds

    The luxury EV manufacturer touts growth, tech licensing potential and domestic supply chain advantages in the wake of tariff turmoil.

    By Nancy Dunham | WardsAuto • May 8, 2025
  • Duncan Aldred president GM North America
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    Provided by General Motors

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    GM names North America president

    Duncan Aldred takes over the role vacated by Marissa West in August 2024.

    By • May 7, 2025
  • Hyundai Ioniq 9
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    Provided by Hyundai Motor Co. 

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    Hyundai bolsters executive leadership

    The automaker promoted one executive to a new global role and another to oversee its North America manufacturing.

    By • May 7, 2025
  • President Donald Trump waves before boarding Marine One on the South Lawn of the White House on April 29, 2025 in Washington, DC.
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    Win McNamee via Getty Images
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    ‘We’re headed in the wrong direction’: Tariffs drive up prices, hurt output, PMI says

    Manufacturers pulled back on production last month as the Trump administration's volatile trade policy caused consumer confusion and a drop in demand, according to the Institute for Supply Management. 

    By • May 6, 2025