Finance News – Automaker
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Ford doubles down on EVs with $5 billion bet
Ford is investing $5 billion to upgrade its Kentucky plant as part of a larger strategy to produce cost-effective electric vehicles, beginning with a new truck model expected in 20...
Read Full Article →Automaker Ford hits pedal on EV production with $2B US overhaul of U.S. plant
Ford is investing $2 billion to modernize a long-standing Louisville factory, transitioning its focus from traditional gasoline cars to electric vehicle manufacturing, reflecting a...
Read Full Article →Stellantis vows to reconnect with customers as it flags $2.4B Cdn tariff hit for 2025
Stellantis faces a substantial $2.4 billion Canadian tariff impact next year, prompting leadership to focus on improving customer relationships and revitalizing its performance in...
Read Full Article →Stellantis: Vauxhall owner warns of £1.3bn tariff hit after EU-US deal
Stellantis anticipates substantial costs due to recently imposed duties between Europe and the United States, which may significantly impact the company’s financial performance thr...
Read Full Article →GM reports $1.1 billion tariff impact as automaker works to 'greatly reduce' exposure
General Motors exceeded analyst expectations in its second-quarter earnings, although the company faced significant costs related to trade tariffs, prompting efforts to minimize fu...
Read Full Article →GM's Earnings Top Estimates, But Automaker Warns of Larger Tariff Hit in Second Half
General Motors reported better-than-expected profits this quarter, though the company anticipates increased costs related to tariffs that could impact its financial performance lat...
Read Full Article →GM lost $1 billion from Trump's tariffs. The damage may only be starting
General Motors anticipates that the financial impact of recent import duties will increasingly affect its earnings, potentially resulting in several billion dollars in losses by th...
Read Full Article →GM says Trump tariffs knocked $1.1bn off its operating income last quarter
General Motors reported a substantial decline in second-quarter profits partly due to trade measures, anticipating increased financial challenges in the upcoming quarter that could...
Read Full Article →New Stellantis CEO faces slew of challenges, vows to avoid 'mediocrity'
The appointment of Antonio Filosa as CEO occurs amid industry pressures and internal difficulties, potentially impacting Stellantis’s financial performance and strategic positionin...
Read Full Article →Volvo Cars CEO: dual tech for China and the West is new trade reality
The CEO of Volvo Cars highlighted that evolving technology policies and trade barriers are driving the company to adapt its strategies for distinct markets in China and Western cou...
Read Full Article →Nissan CEO says mega savings plan will fix the struggling automaker
The Nissan CEO emphasized that implementing extensive cost-cutting measures is essential to improving the company’s financial health and addressing its current operational challeng...
Read Full Article →Ford reports 16% sales increase in May amid employee pricing, tariffs
Ford experienced a notable rise in U.S. vehicle sales during May, partially influenced by discounts offered to staff and ongoing challenges related to import tariffs impacting cost...
Read Full Article →BYD stocks plunge following deep price cuts as EV sales surpass Tesla in Europe
The sharp reduction in BYD vehicle prices triggered a substantial drop in its stock value, reflecting market concerns, although the company is projected to continue growing strongl...
Read Full Article →Stellantis postpones Canadian-made 2026 Dodge Charger R/T model amid tariffs
The delay in manufacturing the 2026 Dodge Charger R/T in Canada reflects potential cost increases and market uncertainty caused by recent U.S. import tariffs affecting the automoti...
Read Full Article →Elon Musk pay talks at Tesla present dilemma given automaker’s premium and his controversial profile
Tesla’s leadership faces a complex decision in restructuring the CEO’s compensation, balancing the company’s high market valuation with the mixed public perceptions surrounding his...
Read Full Article →GM, LG Energy Solution to make new, lower-cost battery cells for future EVs
General Motors and LG Energy Solution plan to develop innovative battery cells with reduced expenses, aiming to make electric vehicles more competitively priced compared to traditi...
Read Full Article →Nissan to shed 20,000 jobs as Japanese automaker reports loss
The reduction of roughly 15% of its international staff reflects Nissan's efforts to address financial challenges following the announcement of a fiscal year loss.
Read Full Article →Nissan job cuts stretched to 20,000 – reports
Nissan’s decision to significantly reduce its workforce reflects efforts to improve financial stability and address ongoing challenges within the company’s operating environment.
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