Corporate/Finance: Page 2
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Photo provided by Lucid Group
Lucid CEO resigns, company seeking permanent successor
COO Marc Winterhoff will lead the EV maker on an interim basis in place of Peter Rawlinson.
By Larry Avila • Feb. 26, 2025 -
Tomohiro Ohsumi via Getty Images
Nissan focused on finding new partnerships
With a merger with Honda off the table, the automaker is exploring options to develop new vehicles faster while also reducing costs.
By Larry Avila • Feb. 25, 2025 -
Courtesy of Rivian
Rivian reports record-high gross profit of $170M in Q4
The company cited improvements in variable costs, higher revenue per vehicle and a reduction in fixed costs.
By Eric Walz • Feb. 25, 2025 -
Spencer Platt via Getty Images
CEO confidence surges to three-year high, Conference Board says
CEOs and CFOs have grown more confident despite a lack of clarity in federal regulation, trade, immigration and taxation under the Trump administration.
By Jim Tyson • Feb. 24, 2025 -
Courtesy of Honda Motor Co.
Honda exec says US tariffs could cause over a 20B yen impact
The automaker is considering shifting some vehicle production from Mexico and Canada into the U.S. to avoid costly import duties.
By Eric Walz • Updated March 3, 2025 -
Photo provided by Hyundai Motor Group
A look at 2025: Where 5 major auto manufacturing projects stand
Slower EV adoption and a new Trump administration have automakers seeking greater flexibility for some of their major U.S. investments.
By Megan Ruggles • Feb. 21, 2025 -
Provided by General Motors
GM confident it can mitigate tariffs
CFO Paul Jacobson believes the automaker’s experience dealing with past crises, including the pandemic, will help it find solutions.
By Larry Avila • Feb. 20, 2025 -
Mario Tama via Getty Images
Forget the company car. Top earners want remote work.
Competition for the highest paying remote jobs is greatest in the business development, sales and marketing fields, a Ladders report found.
By Ginger Christ • Feb. 20, 2025 -
Courtesy of American Honda Motor Co.
Honda posts positive US sales growth in Q3, but global declines impact profit
Across all of its business units, Honda reported that its revenue declined by 3.1% year over year in the first nine months of the fiscal year ending in March.
By Eric Walz • Feb. 19, 2025 -
Provided by Nissan Motor Co.
Nissan weighing production shift to mitigate tariffs
The automaker may move some production to Japan to reduce the impact of a 25% blanket import duty, according to CEO Makoto Uchida.
By Larry Avila • Feb. 19, 2025 -
Scott Olson via Getty Images
Trump says auto tariffs are coming April 2
The president suggested a 25% duty on those imports, fueling uncertainty for automakers already bracing for steel, aluminum and country-specific tariffs.
By Kelly Stroh • Updated Feb. 19, 2025 -
Andrew Harnik via Getty Images
Trump orders reciprocal tariffs on all countries
“In other words, they charge us a tax or tariff, and we charge them the exact same tax,” the president said Thursday.
By Philip Neuffer • Updated Feb. 13, 2025 -
Provided by Honda Motor Co.
Honda, Nissan officially end merger talks
The two automakers said they would continue a strategic partnership focused on "the era of intelligence and electrified vehicles."
By Edwin Lopez , Larry Avila , Eric Walz • Feb. 13, 2025 -
Bill Pugliano via Getty Images
Ford taps finance VP as new CFO
Sherry House will move into the CFO role as planned after joining the automaker in June, when she inked a $4.5 million signing bonus as part of her compensation package.
By Grace Noto • Feb. 12, 2025 -
TennesseePhotographer via Getty Images
Jack Cooper shutting down after losing automaker contracts
Ford Motor Co. and General Motors ended agreements with the vehicle carrier, according to a spokesperson for the hauler.
By David Taube • Feb. 11, 2025 -
Provided by General Motors.
GM weighs production shifts, sourcing reviews to mitigate tariffs
CFO Paul Jacobson said it has multiple playbooks to help offset impact of higher costs throughout its supply chain.
By Larry Avila • Feb. 7, 2025 -
Getty Images via Getty Images
Nearly 3 in 4 workers say they can only meet their basic living expenses
And just shy of 3 in 10 workers have assumed debt to cover their living expenses, Resume Now found.
By Ginger Christ • Feb. 7, 2025 -
Courtesy of Toyota Motor North America
Toyota reports an operating profit decline of nearly 28% in Q3
The automaker cited investments in new growth areas, labor costs and a challenging market environment for the drop in profits.
By Eric Walz • Feb. 6, 2025 -
Provided by Nisssan Motor Co.
Nissan, Honda merger talks still on — for now
Despite reports of a potential end to merger talks, the two automakers confirmed that discussions are ongoing and the companies may reveal more details by mid-February.
By Larry Avila • Feb. 5, 2025 -
Provided by Stellantis
Stellantis names new CEO for Jeep
Bob Broderdorf takes over for Antonio Filosa as the automaker continues its global C-suite shakeup.
By Larry Avila • Feb. 5, 2025 -
Provided by Nissan Motor Corp.
Nissan offers buyouts as US production scales back
The automaker plans to cut shifts at its Smyrna, Tennessee and Canton, Missouri plants.
By Larry Avila • Jan. 31, 2025 -
Courtesy of Tesla Inc.
Tesla’s Q4 automotive revenue declines 8% YoY
Company executives said Tesla made significant investments to spur its next wave of growth, including vehicle manufacturing capabilities and AI training.
By Eric Walz • Jan. 31, 2025 -
Brandon Bell via Getty Images
Consumer car buying satisfaction reaches record high in 2024
Better digital tools, integration of online and in-person shopping and transparent pricing drove higher satisfaction marks, according to Cox Automotive.
By Kalena Thomhave • Jan. 30, 2025 -
Provided by General Motors
GM expects to save $1B by shutting down Cruise robotaxi
The automaker anticipates its Super Cruise hands-free driving feature will drive EV interest.
By Larry Avila • Jan. 29, 2025 -
Photo provided by Honda Motor Co.
Mitsubishi weighs decision to be part of Honda, Nissan merger
As talks between the automakers continue, analysts say a combination makes sense but may face hurdles, including short-term financial hardship.
By Larry Avila • Jan. 29, 2025
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