Stellantis CEO Carlos Tavares Quits Amid Strategy Dispute
Carlos Tavares resigned as CEO of Stellantis amid declining sales, and an Interim Executive Committee has been formed to lead until a new CEO is appointed.
Mercedes-Benz electric car sales plunge by a third as Chinese competition and stuttering demand hit home
European automakers face declining EV sales amidst fierce competition from Chinese manufacturers, with Mercedes-Benz reporting a significant 31% drop in Q3.
Weak demand for luxury vehicles is exacerbating the situation, as evidenced by a 10% decline in Mercedes sales in China in the first nine months.
Nissan is having a terrible time, and Trump might be about to make it a whole lot worse
Nissan's turnaround plans are threatened by sales declines and proposed tariffs from Trump on Mexican imports.
Toyota's hybrid success can't make up for recalls, faulty data and Chinese competition, as September sales slump 7.4%
Toyota excelled in 2023 as the world's top automaker but now faces declining sales and significant challenges, particularly in safety compliance and competition.
Stellantis' CEO stepping down shows how the auto industry is struggling to shift into high gear right now
Automakers face significant challenges, including declining EV sales and competition from Chinese manufacturers, leading to strategic shifts and executive changes.
5 problems the next CEO of Jeep's owner will have to fix
Stellantis' turmoil deepens after CEO Carlos Tavares resigns, leaving a leadership vacuum amidst declining sales and tough competition.
Stellantis CEO Carlos Tavares Quits Amid Strategy Dispute
Carlos Tavares resigned as CEO of Stellantis amid declining sales, and an Interim Executive Committee has been formed to lead until a new CEO is appointed.
Mercedes-Benz electric car sales plunge by a third as Chinese competition and stuttering demand hit home
European automakers face declining EV sales amidst fierce competition from Chinese manufacturers, with Mercedes-Benz reporting a significant 31% drop in Q3.
Weak demand for luxury vehicles is exacerbating the situation, as evidenced by a 10% decline in Mercedes sales in China in the first nine months.
Nissan is having a terrible time, and Trump might be about to make it a whole lot worse
Nissan's turnaround plans are threatened by sales declines and proposed tariffs from Trump on Mexican imports.
Toyota's hybrid success can't make up for recalls, faulty data and Chinese competition, as September sales slump 7.4%
Toyota excelled in 2023 as the world's top automaker but now faces declining sales and significant challenges, particularly in safety compliance and competition.
Stellantis' CEO stepping down shows how the auto industry is struggling to shift into high gear right now
Automakers face significant challenges, including declining EV sales and competition from Chinese manufacturers, leading to strategic shifts and executive changes.
5 problems the next CEO of Jeep's owner will have to fix
Stellantis' turmoil deepens after CEO Carlos Tavares resigns, leaving a leadership vacuum amidst declining sales and tough competition.
Volkswagen hit by 60% fall in profits as sales in China slump
Volkswagen faces a significant profit drop and plans factory closures, addressing declining sales particularly in the vital Chinese market.
Luxury European automakers are getting crushed in China
European luxury carmakers are losing ground in China's market due to rising competition from affordable, tech-driven Chinese manufacturers.
Tesla sales fall for second straight quarter despite price cuts
Tesla's global sales fell for the second straight quarter despite price cuts and financing offers, reflecting weakening demand in the EV market.
Why Tesla's sales are slipping in California, and what it means for Elon Musk's car company
Tesla's declining sales in California suggest significant challenges ahead in a maturing EV market.
Tesla Is Losing Ground In The U.S. And Europe: Here's Why
Tesla is losing market share in 2024 despite a growing overall demand for electric cars.
Volkswagen crisis: How can Europe's auto industry survive? DW 09/17/2024
The European auto industry is facing severe challenges, with declining sales and underused production capacity impacting major manufacturers. Competition from China intensifies these issues.
Volkswagen hit by 60% fall in profits as sales in China slump
Volkswagen faces a significant profit drop and plans factory closures, addressing declining sales particularly in the vital Chinese market.
Luxury European automakers are getting crushed in China
European luxury carmakers are losing ground in China's market due to rising competition from affordable, tech-driven Chinese manufacturers.
Tesla sales fall for second straight quarter despite price cuts
Tesla's global sales fell for the second straight quarter despite price cuts and financing offers, reflecting weakening demand in the EV market.
Why Tesla's sales are slipping in California, and what it means for Elon Musk's car company
Tesla's declining sales in California suggest significant challenges ahead in a maturing EV market.
Tesla Is Losing Ground In The U.S. And Europe: Here's Why
Tesla is losing market share in 2024 despite a growing overall demand for electric cars.
Volkswagen crisis: How can Europe's auto industry survive? DW 09/17/2024
The European auto industry is facing severe challenges, with declining sales and underused production capacity impacting major manufacturers. Competition from China intensifies these issues.
Apple's sales in China are declining, indicating potential market saturation and increased competition from local brands.
Tim Cook noted active devices are at an all-time high, despite sales challenges.
Apple Reports Decline in Sales and Profit Amid iPhone Struggles in China
Apple faced challenges with declining sales, especially in China, due to competition from Huawei and other big tech companies performing better financially.
Gadget fans question why Apple is still churning out new iPads
iPad sales decline despite new releases.
Apple beats expectations, but drops in China
Apple's sales in China are declining, indicating potential market saturation and increased competition from local brands.
Tim Cook noted active devices are at an all-time high, despite sales challenges.
Apple Reports Decline in Sales and Profit Amid iPhone Struggles in China
Apple faced challenges with declining sales, especially in China, due to competition from Huawei and other big tech companies performing better financially.
Gadget fans question why Apple is still churning out new iPads
McDonald's sales dropped for the 2nd quarter in a row as customers keep tightening their belts
McDonald's sales decline reflects challenges driven by food inflation and changing consumer spending habits. CEO stresses value and affordability in response.
McDonald's posts biggest decline in global sales in four years
McDonald's faces significant sales drop due to reduced consumer spending and geopolitical factors, marking the largest decline in four years.
McDonald's Is Feeling The Heat As Customer Visits Fall Amid E. Coli Scare - Tasting Table
McDonald's faces a trust deficit and declining sales due to an E. coli outbreak linked to its food.
Global sales for McDonald's plummet - London Business News | Londonlovesbusiness.com
McDonald's sales continue to decline despite a slight rise in the US market, prompting a reevaluation of value offerings.
McDonald's sales dropped for the 2nd quarter in a row as customers keep tightening their belts
McDonald's sales decline reflects challenges driven by food inflation and changing consumer spending habits. CEO stresses value and affordability in response.
McDonald's posts biggest decline in global sales in four years
McDonald's faces significant sales drop due to reduced consumer spending and geopolitical factors, marking the largest decline in four years.
McDonald's Is Feeling The Heat As Customer Visits Fall Amid E. Coli Scare - Tasting Table
McDonald's faces a trust deficit and declining sales due to an E. coli outbreak linked to its food.
Global sales for McDonald's plummet - London Business News | Londonlovesbusiness.com
McDonald's sales continue to decline despite a slight rise in the US market, prompting a reevaluation of value offerings.
LVMH's Bernard Arnault sees nearly $10 billion in wealth wiped out after share price bloodbath
Bernard Arnault's wealth fell nearly $10 billion after LVMH reported a 3% drop in third-quarter sales, reflecting broader struggles in the luxury market.
Commercial property sales in LA County spiral down 18%
Commercial property sales experience significant decline across Los Angeles, primarily influenced by economic factors and regulatory changes.
As sales of homes worth over 1m plunge in Ireland, where are they and who is buying them?
The luxury housing market in Ireland faces challenges with declining sales volumes primarily due to supply issues rather than reduced demand.
Subway Holds Franchisee Conference as Sales Plummet | Entrepreneur
Subway's sales have significantly declined, prompting a meeting to address franchisee concerns and strategize for regaining market share.
Is luxury fashion in its flop era?
Luxury industry faces underconsumption challenge with declining sales among top brands.
LVMH shares down as shoppers rein in spending on handbags and champagne
Luxury goods firms facing weak demand, especially for lower priced items, due to cost of living squeeze by higher interest rates.
Bud Light slips to No. 3 in the US-and we can thank Leonard Leo
Bud Light faced sales decline due to backlash over transgender influencer association, highlighting the impact of right-wing groups in consumer decisions.
Bud Light boycott likely cost Anheuser-Busch InBev over $1 billion in lost sales
Anheuser-Busch InBev may have lost $1.4 billion in sales due to backlash from partnership with transgender influencer.
Bud Light sales declined in the US after the controversial Instagram post, losing market share to Modelo Especial.
Bud Light slips to No. 3 in the US-and we can thank Leonard Leo
Bud Light faced sales decline due to backlash over transgender influencer association, highlighting the impact of right-wing groups in consumer decisions.
Bud Light boycott likely cost Anheuser-Busch InBev over $1 billion in lost sales
Anheuser-Busch InBev may have lost $1.4 billion in sales due to backlash from partnership with transgender influencer.
Bud Light sales declined in the US after the controversial Instagram post, losing market share to Modelo Especial.
Foldable models, artificial intelligence and other MWC proposals to boost cell phone sales
Smartphone industry experiencing sales decline
Manufacturers struggling with renewing sales strategies
Focus on AI integration and foldable formats at MWC
Environmentally friendly heat pumps hit slump in Europe, says lobby group
Heat pump market in Europe experiencing a slump.
European countries facing challenges due to decreased heat pump sales.
California EV sales are falling. Is it just temporary, or a threat to state climate goals?
Electric vehicle sales in California have dropped significantly for the first time in over a decade, raising concerns about the state's ability to meet its climate goals. Tesla sales in California fell 10% in the final quarter of 2023.
High vehicle prices, unreliable charging networks, and consumer frustrations may be contributing to the decline in EV sales in California.
Germans bought less beer last year, resuming a long-term downward trend
German beer sales dropped 4.5% in 2023, continuing a long-term downward trend.
Sales inside Germany accounted for over four-fifths of the total and saw a 4.2% decrease.
Nike brings senior executive out of retirement to help mend retail partnerships
Nike is laying off 2% of staff while bringing back a retired executive for recovery efforts.