Finance and corporate

Ex-Jeep boss Antonio Filosa named new Stellantis CEO

Stellantis ends six-month process to select a replacement for Carlos Tavares

28 May 2025
Ex-Jeep boss Antonio Filosa named new Stellantis CEO
Finance and corporate

Volvo confirms 3000 job cuts as part of £1.4bn savings drive

More than 2000 roles at Volvo's Sweden offices axed as the company battles strong industry headwinds

27 May 2025
Volvo confirms 3000 job cuts as part of £1.4bn savings drive
Finance and corporate

VW Group CEO campaigns against costs as profits drop 37%

Oliver Blume says the Volkswagen Group "must address all cost categories" as part of turnaround plan

16 May 2025
VW Group CEO campaigns against costs as profits drop 37%
Finance and corporate

McLaren CEO Leiters steps down following Forseven merger

New McLaren Group Holdings CEO Nick Collins will now run the Surrey-based supercar maker

29 April 2025
McLaren CEO Leiters steps down following Forseven merger
Finance and corporate

Lotus warns of more cost cuts despite almost doubling sales

"Volatile market conditions” have caused profits to drop and already led the brand to cut 270 UK jobs

22 April 2025
Lotus warns of more cost cuts despite almost doubling sales
Finance and corporate

Bentley profits dip as investment ramps up for electric future

Bosses insist the British luxury car brand is on track to go electric-only by 2035 – but flexibility is key

19 March 2025
Bentley profits dip as investment ramps up for electric future
Finance and corporate

Nissan and Honda confirm end of merger talks

Shock agreement for rivals to merge is off after Honda wanted changes to planned structure

13 February 2025
Nissan and Honda confirm end of merger talks
Finance and corporate

Stellantis CEO Carlos Tavares resigns: €3bn wiped off group's value

Tavares exits multinational car-making giant as profits slide, more than a year before he was due to retire

2 December 2024
Stellantis CEO Carlos Tavares resigns: €3bn wiped off group's value
Finance and corporate

Nissan to cut 9000 jobs and slash production as profits drop 304%

Japanese manufacturer sets out drastic cost-cutting plan as it reports a difficult first half of 2024

7 November 2024
Nissan to cut 9000 jobs and slash production as profits drop 304%
Finance and corporate

Volkswagen to close three factories and cut jobs in major costs plan

Restructuring of German giant includes 10% salary reduction for all staff and two-year pay freeze

28 October 2024
Volkswagen to close three factories and cut jobs in major costs plan

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