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Poor performance at GM’s China joint ventures leads to $5 billion charge for automaker
Finance
Poor performance at GM’s China joint ventures leads to $5 billion charge for automaker
By The Associated PressDecember 4, 2024
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute's Global Conference in Beverly Hills, California.
Leadership
Tesla fumes over Delaware judge’s final ruling to block paying Elon Musk ‘what he’s worth’
By Christiaan HetznerDecember 3, 2024
A concept pictue of Jaguar's new Type 00 car.
Retail
Jaguar boss defends rebrand amid ‘Miami Pink’ EV launch: ‘More people have been talking about Jaguar for the last two weeks than for so much longer’
By Ryan HoggDecember 3, 2024
Volkswagen Cars and SUV Dealership
Retail
VW sees about 66,000 workers walk out in standoff over cost cuts
By BloombergDecember 2, 2024
John Elkann, President of Stellantis attends during the "Fiat, The Future Is On Track" press presentation of the new Fiat Topolino
Companies
Billionaire Fiat heir assumes control of Jeep and Ram parent Stellantis after embattled CEO Carlos Tavares exits
By Christiaan HetznerDecember 2, 2024
Carlos Tavares, chief executive officer of Stellantis NV, during a Bloomberg Television interview at the Paris Motor Show in Paris, France, on Monday, Oct. 14, 2024.
Success
‘Samurai’ ex–Stellantis CEO Carlos Tavares can thank Darwinism for his rise—and for his swift fall
By Ryan HoggDecember 2, 2024
Stellantis CEO Tavares quits early after strategy dispute
Leadership
Stellantis CEO Tavares quits early after strategy dispute
By Albertina Torsoli, Daniele Lepido, Tommaso Ebhardt and BloombergDecember 1, 2024
EU chief launches a ‘personal’ initiative to help Europe’s troubled car industry on which millions of jobs rely
Retail
EU chief launches a ‘personal’ initiative to help Europe’s troubled car industry on which millions of jobs rely
By AFPNovember 28, 2024
Used vehicles for sale at a dealership in Richmond, California, US, on Tuesday, Feb. 21, 2023. A surprise jump in used-vehicle prices last month is adding to US car buyers' frustration and has the potential to dent hopes inflation is headed lower even as the Federal Reserve hikes interest rates. Photographer: David Paul Morris/Bloomberg via Getty Images
Success
Wells Fargo: Trump tariffs would add $2.1K to the price of cars made by U.S. automakers—and could cost Ford, Stellantis, and GM billions in profit
By Jane ThierNovember 27, 2024
Forget China, Mexico’s trump card is BMW’s secret weapon for electric cars
Retail
Forget China, Mexico’s trump card is BMW’s secret weapon for electric cars
By James MorrisNovember 26, 2024
Trump’s plans to kill EV subsidies signal a new era of climate tech Darwinism
Commentary
Trump’s plans to kill EV subsidies signal a new era of climate tech Darwinism
By Karthee MadasamyNovember 25, 2024
A worker dusts a fuel cell power module at the Robert Bosch GmbH booth at a transportation fair in Germany.
Tech
Bosch, one of Germany’s biggest employers, cuts working hours for 10,000 extra staff following expanded layoffs
By Ryan HoggNovember 25, 2024
Ken Griffin, chief executive officer and founder of Citadel Advisors LLC, speaks during an Economic Club of New York event in New York, US
Companies
Trump tariffs risk turning American businesses into corporate welfare recipients, warns Citadel’s Ken Griffin
By Christiaan HetznerNovember 22, 2024
Visitors look at truck applications on the Robert Bosch GmbH booth at the IAA Transportation fair in Hannover, Germany, on Monday, Sept. 16, 2024.
Tech
German giant Bosch becomes latest firm to give employees unwanted 4-day week as economy falters
By Ryan HoggNovember 22, 2024
Ford plans 4,000 more job cuts in Europe as EVs lose momentum
Finance
Ford plans 4,000 more job cuts in Europe as EVs lose momentum
By William Wilkes, Jamie Nimmo and BloombergNovember 20, 2024
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