Business - Page 14

The latest updates and key developments from the business world.

January 9, 2026

GM to book $7.1bn EV and China restructuring charges

Fourth-quarter writedowns tied to EV strategy reset General Motors said Thursday it will record $7.1 billion in special charges for the fourth quarter of last year, reflecting a pullback in its electric

January 6, 2026

Ford boosts U.S. sales on hybrids and affordable models

Annual growth offsets slowdown in electric vehicles Ford reported higher vehicle sales in the United States in 2025, supported by strong consumer demand for its hybrid lineup and more affordable pickup trucks.

January 5, 2026

Toyota US sales rise 8% in 2025 on electrified demand

Strong full-year performance across Toyota and Lexus Toyota Motor North America reported US vehicle sales of 2,518,071 units in 2025, an increase of 8.0% compared with 2024. On a daily selling rate

Spain Orders Airbnb to Remove 65,000 Listings

by Jamie Spencer

In a bold move aimed at tackling Spain’s housing crisis, the Spanish government has instructed Airbnb to withdraw more than 65,000 holiday rental listings from its platform. The government claims that these

May 19, 2025

CEO Departure Marks Challenges for Novo Nordisk

by Jamie Spencer

Novo Nordisk CEO Lars Fruergaard Jørgensen will step down as part of an accelerated leadership transition, marking a significant shift in the company’s leadership. Former CEO Lars Rebien Sørensen, who currently serves

May 16, 2025

Walmart Faces Tariff Pressures Despite Q1 Revenue Growth

by Jamie Spencer

Walmart (WMT) reported mixed results for its first-quarter earnings, navigating the challenges posed by President Trump’s tariffs. While the retailer saw a 2.5% increase in revenue to $165.6 billion, it fell short

May 15, 2025

Ford Recalls 274,000 SUVs Over Brake Line Issue

by Jamie Spencer

Ford Recalls 274,000 SUVs for Brake Function Issue Ford is recalling nearly 274,000 of its Expedition and Lincoln-branded Navigator SUVs across the U.S. due to a critical issue that may result in

May 14, 2025

Hertz Stock Drops After Q1 Loss and $250 Million Offering

by Jamie Spencer

Hertz’s Disappointing Q1 Results Lead to Significant Stock Drop Shares of Hertz Global plunged by nearly 17% on Tuesday morning following a disappointing first-quarter earnings report and the announcement of a $250

May 13, 2025

Microsoft Announces Layoffs Affecting 6,000 Employees

by Jamie Spencer

Microsoft to Lay Off 3% of Workforce Microsoft announced on Tuesday that it will reduce its workforce by 3%, affecting approximately 6,000 employees across various teams, levels, and regions. This is part

May 13, 2025

GM’s Groundbreaking LMR Battery to Revolutionize EVs

by Jamie Spencer

GM to Launch New LMR Battery for Electric Trucks General Motors (GM) has announced its plan to introduce a groundbreaking lithium manganese-rich (LMR) prismatic battery for its electric trucks and SUVs. Targeted

May 13, 2025

Trump’s Talks with Tim Cook Boost Apple Amid Tariff Pause

by Jamie Spencer

Apple Responds Positively to U.S.-China Tariff Pause On Monday, President Donald Trump revealed that he had spoken with Apple CEO Tim Cook following the announcement that the U.S. and China had agreed

May 13, 2025

Global Retailers Adjusting to U.S. Tariff Uncertainty

by Jamie Spencer

As U.S. President Donald Trump’s most recent tariffs loom, several well-known international brands, including Pandora, Puma, and Hugo Boss, are reevaluating their pricing strategies and supply chains. These brands, alongside major players

May 9, 2025

Ferrero Targets U.S. Market with New Products and Expansion

by Jamie Spencer

Ferrero North America is pushing forward with a bold strategy to win over more U.S. consumers by introducing innovative products and expanding its presence in the market. The company revealed several new

May 9, 2025

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