shakeup
The mood inside Stellantis has shifted dramatically after its CEO resigned on December 1.Dealers and employees are encouraged by early moves made by the interim executive committee.The automaker’s critical relationship with US dealers is on the mend.The mood inside Stellantis’s North American division has changed dramatically since former CEO Carlos…
HONG KONG/SHANGHAI (Reuters) -Chinese premium electric vehicle maker Zeekr will take control of Lynk & Co, a sister brand owned by Geely and Volvo (OTC:) Cars, two sources with direct knowledge of the plans said. It’s the first big restructuring move in a sweeping overhaul planned by Geely Holding, the…
By Giulio Piovaccari MILAN/LONDON (Reuters) -Shares in French-Italian automaker Stellantis (NYSE:) resumed their decline on Friday after the carmaker said CEO Carlos Tavares would retire in 2026 and announced wide management changes which failed to lift sentiment. The moves came after the owner of brands including Peugeot (OTC:), Fiat, Jeep…
OpenAI is open to some changes.The world’s most high-profile startup is reportedly looking to restructure itself into a for-profit benefit corporation, ending control of the company by its non-profit board.The process would also include giving equity to CEO Sam Altman, who currently holds no stake in the startup poised to…
President Joe Biden and Vice President Kamala Harris shared a sweet moment on Monday during the VP’s first public speech since Biden dropped out of the 2024 election over the weekend and endorsed his second-in-command.Harris officially launched her presidential campaign with a public address to campaign staffers in Delaware after…
Welcome back to our Sunday edition, a roundup of some of our top stories. If you’re interviewing for a job in the coming weeks, check out these five questions to ask at the end. They could help you seal the deal.But first: Markets are throwing off déjà vu vibes.If this…
The Googleplex is in flux.CEO Sundar Pichai announced a series of re-orgs in a memo to staff on Thursday, and — surprise, surprise — Google says it’s all happening because of artificial intelligence.Pichai said the changes, which include merging different parts of the company, would help Google “simplify decisions” and…
By Byron Kaye and Scott Murdoch SYDNEY (Reuters) – Large companies planning a takeover in Australia will first have to seek clearance from the antitrust regulator, which will be able to block small deals that “entrench” a big firm’s market power, under sweeping changes to the country’s buyout rules to…
