Corporate/Finance: Page 2
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Courtesy of Nissan Motor Co. Ltd
Nissan plans to cut 9,000 jobs as it slashes global production
CEO Makoto Uchida said the cost-cutting move is in response to weak sales and a 90% drop in operating profit.
By Larry Avila • Nov. 7, 2024 -
Bill Pugliano via Getty Images
Automotive groups react to Donald Trump’s victory
Companies say they are now turning their focus on policies to protect and grow jobs.
By Larry Avila • Nov. 7, 2024 -
Courtesy of Toyota Motor North America
Toyota’s Q2 profit falls by $1.8B, its first quarterly decline in 2 years
The automaker cited several factors for the decline, including uncertain economic conditions, market demand and a more competitive environment.
By Eric Walz • Nov. 7, 2024 -
Courtesy of Stellantis
Stellantis to lay off 1,100 at its Toledo South Assembly Plant
The layoffs are effective as early as Jan. 5, 2025. The automaker called it a “necessary action to reduce high inventory levels.”
By Eric Walz • Nov. 7, 2024 -
Brandon Bell via Getty Images
4 employment actions to expect under a second Trump presidency
Employers are likely to see immigration raids, agency chair replacements and a slowing in regulatory activity, experts at Littler predicted.
By Emilie Shumway • Nov. 6, 2024 -
jetcityimage via Getty Images
Subaru anticipates 15% drop in 2025 profits
The automaker reported a 20% sales decrease — including a 10% decline in the U.S. — during the first half of its fiscal year.
By Haley Cawthon • Nov. 6, 2024 -
Courtesy of Volkswagen Group
Volkswagen’s Q3 revenue drops by 41.7% YoY
The automaker attributed the decline to slowing sales in the China market, restructuring expenses for its passenger cars business and investments in new products.
By Eric Walz • Nov. 5, 2024 -
Provided by Stellantis
Stellantis Q3 year-over-year revenue nosedives 27%
The automaker shipped fewer new vehicles during the quarter as it prioritizes EV rollouts and selling excess inventory.
By Larry Avila • Nov. 4, 2024 -
Courtesy of Ford Motor Co.
Ford Integrated Services unit chief departs for Peloton
Peter Stern's team was tasked with building out the automaker’s BlueCruise hands-free highway driving system and other key technology projects.
By Eric Walz • Updated Nov. 11, 2024 -
Justin Sullivan via Getty Images
Employers willing to pony up for in-office work, Robert Half says
Companies are offering return-to-office premiums of up to 20% for new hires, the consulting firm’s recent managers’ survey found.
By Ryan Golden • Oct. 31, 2024 -
SDI Productions via Getty Images
More than half of older US workers say ageism hinders their hiring
Few workers over age 50 feel optimistic about their job search in coming months, a new report shows.
By Carolyn Crist • Oct. 30, 2024 -
jetcityimage via Getty Images
Warranty spend weighs on Ford’s Q3 profit
The automaker said it would be on pace for record profit in 2024 if it weren’t for higher-than-expected warranty costs.
By Haley Cawthon • Oct. 30, 2024 -
Artistic Operations via Getty Images
Volvo dials back full-year growth projections
However, Volvo Cars’ CEO Jim Rowan believes reluctant buyers will be swayed when the automaker introduces its expanded EV and hybrid lineup.
By Larry Avila • Oct. 29, 2024 -
Courtesy of Mercedes-Benz
Mercedes-Benz Q3 earnings tumble amid subdued world economy
The automaker blamed lower vehicle sales on weak demand in many global markets, especially China, where the luxury segment struggled.
By Haley Cawthon • Oct. 29, 2024 -
Artistic Operations via Getty Images
BMW of North America shuffles C-suite leadership
The automaker names new executives to lead its eastern and western operations after its U.S. sales slip.
By Larry Avila • Oct. 28, 2024 -
Courtesy of Waymo
Waymo raises $5.6B to expand ride-hailing operations
The company, which spun out of Google’s self-driving car project, aims to be the first to scale commercial robotaxis across the U.S.
By Eric Walz • Oct. 28, 2024 -
Courtesy of Hyundai Motor America
Hyundai revenue grows 4.7% YoY in Q3
The automaker’s hybrid sales increased nearly 30% in the U.S. year over year.
By Eric Walz • Oct. 25, 2024 -
Sturti via Getty Images
Growth mindset culture drives workplaces forward, report says
While executives think they lead growth mindset by example, more than half of workers surveyed said they don’t see evidence of that.
By Laurel Kalser • Oct. 25, 2024 -
Brandon Woyshnis via Getty Images
Tesla Q3 profits boosted by rising Full Self-Driving revenue
CEO Elon Musk said rapid advancements with FSD have made it challenging to find flaws in the technology.
By Haley Cawthon • Oct. 24, 2024 -
Weedezign via Getty Images
Few mid-career and older workers use AI at work — yet
Many employers are offering some form of training support for workers using AI, including both formal programs and informal resources.
By Carolyn Crist • Oct. 24, 2024 -
syahrir maulana via Getty Images
Independent boards found to enhance worker safety
The positive impact is heightened in companies dominated by long-term investors, researchers say in an academic paper.
By Robert Freedman • Oct. 22, 2024 -
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 Tesla charges ahead
Many automakers reported electric vehicle sales growth in the quarter, regardless of their overall sales numbers.
By Haley Cawthon • Updated Nov. 14, 2024
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