Corporate/Finance: Page 2

  • Ford Bronco Stroppe Special edition
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    Provided by Ford Motor Co. 

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    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
  • An exterior red and white Toyota sign at the entrance of company's North America Headquarters in Plano, Texas.
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    Courtesy of Toyota Motor North America
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    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 • June 4, 2025
  • Ford Mach E mustang dealership
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    Scott Olson via Getty Images
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    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
  • Mercedes-Benz Sandy Springs EV charging hub
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    Photo provided by Mercedes-Benz   

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    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 • May 30, 2025
  • A view of the United States Court of International Trade in New York City, on June 22, 2019.
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    The image by ajay_suresh is licensed under CC BY 2.0
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    US court blocks Trump’s sweeping tariffs

    Despite the ruling, tariffs on automobiles, auto parts, steel and aluminum products will remain in place.

    By • Updated May 29, 2025
  • Rivian Normal Illinois image 3
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    Retrived from Rivian

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    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 • May 29, 2025
  • Volvo EX90 EV SUV
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    Photo provided by Volvo Cars 

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    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 • May 29, 2025
  • A backlit silhouette of a student wearing a cap and gown
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    Dan Kitwood via Getty Images
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    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
  • 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