Finance News – Automaker
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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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