Corporate/Finance
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Mario Tama via Getty Images
5 tips for businesses filing hurricane-related insurance claims
With Hurricanes Helene and Milton estimated to have cost tens of billions of dollars in damage, it’s important for businesses to carefully document the impact.
By Maura Webber Sadovi • Oct. 17, 2024 -
Courtesy of Volvo Cars
Volvo Cars deputy CEO steps down
The automaker announced several leadership changes as it attempts to navigate geopolitical and macroeconomic uncertainties.
By Haley Cawthon • Oct. 17, 2024 -
Courtesy of Stellantis
Stellantis makes sweeping leadership changes
The automaker parted ways with its CFO, named a new North America COO and confirmed its CEO’s plans to retire.
By Haley Cawthon • Oct. 11, 2024 -
Courtesy of Stellantis
Quarterly sales roundupStellantis US sales tank in Q3 while Ford, Tesla charge ahead
Many automakers also saw electrified vehicle sales grow in the quarter, regardless of their overall results.
By Haley Cawthon • Oct. 8, 2024 -
Courtesy of Mazda
Q&AMazda’s CMO on the strategy behind the company’s new brand platform
The automaker's "Move and Be Moved" campaign is helping reimagine the 104-year-old brand at a time of industry transformation.
By Chris Kelly • Oct. 3, 2024 -
Win McNamee via Getty Images
Powell says Fed policymakers not ‘in a hurry’ to cut interest rates
“We’re recalibrating policy to maintain the strength in the economy, not because of weakness in the economy,” Federal Reserve Chair Jerome Powell said.
By Jim Tyson • Oct. 3, 2024 -
Courtesy of Volkswagen
Volkswagen slashes financial outlook — again
It’s the second time in less than three months that VW has warned of reduced profits.
By Haley Cawthon • Oct. 3, 2024 -
Courtesy of Stellantis
Stellantis’ sales struggles spur lower guidance
The automaker also adjusted its inventory and shipment plans, citing "corrective actions" in North America.
By Haley Cawthon • Oct. 2, 2024 -
Brandon Bell via Getty Images
Dealer pessimism rises amid concerns about economy, election
The sentiment is likely driven by rising costs and declining profitability relative to an industry peak in 2021, according to a recent Cox Automotive survey.
By Kalena Thomhave • Sept. 30, 2024 -
Bilanol/iStock/Getty Images Plus via Getty Images
Fed rate cut unlikely to boost US auto sales in Q4
However, continued interest rate cuts and lower vehicle prices could make a difference in 2025, analysts said.
By Michael Brady • Sept. 27, 2024 -
Nic Antaya via Getty Images
White House backs $1B EV supplier fund
Monroe Capital’s managed fund is focused on helping small- and medium-sized auto manufacturers transition to electric vehicle production.
By Kate Magill • Sept. 25, 2024 -
EXTREME-PHOTOGRAPHER via Getty Images
Biden administration proposes expanding tax credits for EV charger installations
The proposed rule would expand on January guidance from the Treasury Department, allowing the tax credit to be accessed per individual charging port installed.
By Robert Walton • Sept. 23, 2024 -
Anna Moneymaker via Getty Images
Fed cuts main rate by half point, voices confidence inflation falling
The central bank trimmed borrowing costs from a two-decade high after policymakers noted their growing concern about softening in the labor market.
By Jim Tyson • Sept. 19, 2024 -
Brandon Bell / Staff via Getty Images
Amid political talk at work, employees say they want resources for psychological safety
Employers can facilitate open and respectful dialogue, as well as offer policies and resources to address employees’ concerns and needs, Randstad says.
By Carolyn Crist • Sept. 18, 2024 -
Courtesy of General Motors
GM moves BrightDrop EVs under Chevy brand
The decision aims to make it more convenient for commercial customers to maintain and service the electric vehicles.
By Eric Walz • Sept. 17, 2024 -
Dan Kitwood via Getty Images
Former Hyundai CMO named X’s global head of marketing
At the automaker, Angela Zepeda was named one the world's most influential people in the role by Forbes.
By Peter Adams • Sept. 16, 2024 -
Courtesy of Ford Motor Co.
Ford Pro CEO to step down
Ted Cannis, who has led the automaker's most profitable business unit since its founding, is retiring after 35 years.
By Haley Cawthon • Sept. 16, 2024 -
Courtesy of BMW Group AG
BMW lowers guidance amid costly recall, China headwinds
The automaker says faulty integrated braking systems on 1.5 million vehicles will result in nine-figure warranty costs in Q3.
By Haley Cawthon • Sept. 16, 2024 -
Courtesy of Stellantis
Stellantis invests over $400M in 3 Michigan facilities
The automaker’s electrification strategy involves retooling several factories to assemble electric vehicles alongside internal combustion engine models.
By Haley Cawthon • Sept. 11, 2024 -
Courtesy of Volkswagen
Volkswagen switches exec roles, naming new finance chief
Patrik Andreas Mayer and David Powels are trading positions as the automaker takes big operating losses in its passenger cars division.
By Haley Cawthon • Sept. 10, 2024 -
Courtesy of Hyundai Motor Co.
4 takeaways from Hyundai’s updated long-term strategy
Extended-range EVs, advanced technologies for hybrid vehicles and new models are in store over the next decade.
By Eric Walz • Sept. 10, 2024 -
Courtesy of General Motors
Former Visa CEO joins GM board
The automaker says Alfred Kelly will be an asset as it looks to unlock growth opportunities in electric and autonomous vehicles.
By Haley Cawthon • Sept. 9, 2024 -
Michael M. Santiago via Getty Images
Uber taps former Tesla exec to oversee sustainability strategy, shift to EVs
Rebecca Tinucci will oversee the ride-share giant’s transition to becoming an emissions-free mobility platform by 2040.
By Zoya Mirza • Sept. 5, 2024 -
Courtesy of Polestar
Polestar hires Stellantis exec as next CFO
Jean-Francois Mady will step into the role as the EV maker faces several challenges, including potential delisting from the Nasdaq stock exchange.
By Haley Cawthon • Sept. 5, 2024 -
Courtesy of Porsche
Porsche plans majority takeover of Varta battery unit
The automaker expects to participate in the reorganization of the manufacturer, whose lithium-ion cells are used in the hybrid Porsche 911 Carrera GTS.
By Haley Cawthon • Sept. 4, 2024
