Corporate/Finance: Page 3


  • The 2024 Mazda CX-50.
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    Courtesy of Mazda North America
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    Mazda boosts US market share

    The automaker credited the growth to sales increases, dealer optimism and expanded production.

    By Aug. 12, 2024
  • A blonde woman in a red blazer stands at a table
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    Courtesy of General Motors Co.
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    GM’s president of North America steps down

    Marissa West, former leader of GM Canada, held the position for about eight months.

    By Aug. 9, 2024
  • The 2025 Honda Civic Hybrid painted red.
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    Courtesy of American Honda
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    Honda posts record-high quarterly profit on strong hybrid sales

    Earlier this year, the automaker detailed its efforts to gain a competitive advantage by increasing R&D spending on hybrid vehicles.

    By Aug. 8, 2024
  • A Rivian R1T nears undergoes final assembly at the automaker's plant in Normal, Illinois.
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    Courtesy of Rivian Automotive
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    Rivian already sees tailwinds from VW partnership

    CEO RJ Scaringe said the EV maker expects to achieve more favorable pricing from its suppliers as a result of the deal.

    By Aug. 7, 2024
  • A "job fair" sign is displayed in the foreground and people talk in the background.
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    Scott Olson / Staff via Getty Images
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    Half of US companies plan to add new positions during remainder of 2024

    Hiring managers say they’re implementing proactive strategies to reach the best talent and stand out from other companies, a recent report shows.

    By Carolyn Crist • Aug. 7, 2024
  • The exterior of a Lucid Air.
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    Courtesy of Lucid Group
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    Lucid secures $1.5B from largest shareholder

    The funding will extend the EV maker’s runway to the end of 2025, according to its principal accounting officer.

    By Aug. 6, 2024
  • 2024 Mercedes-Benz GLS model lineup parked in a city.
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    Courtesy of Mercedes-Benz AG
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    Mercedes-Benz promotes execs to US leadership

    Marcus Herring was appointed VP of sales and product, and Michael Minielly was named director of communications and experience.

    By Aug. 5, 2024
  • EV
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    Lukas Schulze via Getty Images
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    Auto industry’s innovation push brings ‘startup’ capital structure

    As automakers juggle EV resource allocation, regulation and macroeconomics, they are operating more like startups, according to the most recent Hackett Working Capital Survey.

    By Adam Zaki • Aug. 5, 2024
  • 2023 Volkswagen ID.4
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    Courtesy of Volkswagen
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    Volkswagen looks to drive down costs as overhead increases

    The automaker aims to improve profitability across its brands, while also pushing early retirements and hiring freezes.

    By Aug. 2, 2024
  • A blue 2024 Toyota RAV4 hybrid SUV parked outside with a concrete building structure in the background.
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    Courtesy of Toyota Motor North America
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    Toyota sales dropped over 20% in Japan in Q1

    But sales gains in the U.S., Europe and Asia helped the automaker post a profitable quarter.

    By Aug. 2, 2024
  • A Mercedes-Benz dashboard with a racing video game
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    Courtesy of Mercedes-Benz
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    3 things influencing Mercedes-Benz’s strategy in China

    CEO Ola Källenius believes more than 90% of BEV makers in the country are burning cash.

    By July 31, 2024
  • A 2023 Hyundai Santa Fe Plug-In Hybrid SUV on the road with tress in the background.
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    Courtesy of Hyundai Motor America
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    Hyundai’s hybrid vehicle sales jump over 26% YoY

    The automaker posted two consecutive quarters of double-digit growth in the segment.

    By July 31, 2024
  • Kjell Gruner, Rivian Automotive's chief commercial officer.
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    Permission granted by Rivian Automotive
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    Rivian chief commercial officer steps down

    Kjell Gruner is leaving the EV maker after less than a year in the top sales role.

    By July 29, 2024
  • The Deloitte logo is shown on an office building.
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    Jack Taylor via Getty Images
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    Sustainability reporting, ESG management roles on the rise: Deloitte

    The accounting firm’s survey of 300 executives at public companies pointed to an increase in sustainability oversight as disclosure requirements mount.

    By Zoya Mirza • July 29, 2024
  • A 2023 Dodge Challenger SRT does a burnout at a racetrack.
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    Courtesy of Stellantis
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    Stellantis CEO: First half results ‘disappointing and humbling’

    The automaker’s net profit was down 48% year over year as it continues to lose market share in North America.

    By July 26, 2024
  • Part of silver car engine close up.
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    zenstock/iStock via Getty Images
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    GHSP adds VP to stabilize auto supply chain

    Ludwing Vergara outlined a four-pronged approach that includes improved cost modeling and closer stakeholder collaboration. 

    By S.L. Fuller • July 26, 2024
  • A Ford F-150 Lightning electric pickup on the road.
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    Courtesy of Ford Motor Co.
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    Ford EV losses mount, weighing on profits

    The automaker has lost $2.5 billion on electric vehicles so far in 2024.

    By July 25, 2024
  • A red Tesla Model 3 and blue Model Y with a city skyline in the background.
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    Courtesy of Tesla Inc.
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    Telsa Q2 profits sink 45% as deliveries decline again

    The electric vehicle maker delivered 22,184 fewer vehicles year over year during the quarter.

    By July 25, 2024
  • UnitedHealth Group CEO Andrew Witty
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    Kent Nishimura/Getty Images via Getty Images
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    What does your CEO need to know about cybersecurity?

    CEOs don’t necessarily have to become experts in the technical aspects of cybersecurity to be prepared in case of an attack or — hopefully — stop one before it starts.

    By Jen A. Miller • July 25, 2024
  • An range and white Chevy Bolt EV robotaxi operated by Cruise crosses an intersection San Francisco.
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    Courtesy of Cruise LLC
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    GM shifts AV plans from Cruise Origin to Chevy Bolt

    CEO Mary Barra said the move will allow the company to deliver autonomous vehicle technology at scale as quickly as possible.

    By July 24, 2024
  • Lincoln Nautilus vehicles on a showroom floor
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    Scott Olson via Getty Images
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    New vehicle affordability fell in June: report

    Still, rising household income and lower interest rates helped keep new cars more affordable than this time last year, according to a Cox Automotive and Moody’s Analytics analysis.

    By Kalena Thomhave • July 24, 2024
  • A charging Volvo EX30 small SUV
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    Courtesy of Volvo Cars
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    Volvo warns of short-term EV uncertainties

    In its Q2 2024 earnings report, the automaker cautioned that its electric vehicle transition will not be a linear one.

    By July 19, 2024
  • The front grill showing a Ford badge on a dark blue 2022 Ford F- Series Super Duty pickup truck.
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    Courtesy of Ford Motor Co.
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    Ford investing $3B to expand Super Duty F-Series production

    The automaker aims to boost initial output by 100,000 vehicles a year.

    By July 18, 2024
  • funding contest open only to Black women is likely discriminatory, says 11th Circuit
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    gorodenkoff via Getty Images
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    Managers have a hard job — and it’s only getting tougher, survey says

    Luckily for employers and employees alike, coaching can have “cascading benefits,” business consulting firm Perceptyx said.

    By Kathryn Moody • July 18, 2024
  • A rendering of a silver building with the Vinfast logo on a baby blue background, with a parking lot in front of it.
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    Courtesy of Vinfast.

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    VinFast pushes back North Carolina factory timeline

    The EV startup says production is now expected to begin in 2028.

    By July 17, 2024