Headquarters

Mercedes will shed bulk of HQ staff in move

12:01 am U.S. ET | April 6, 2015

Only about 180 of Mercedes-Benz USA's 1,053 employees are likely to move to Atlanta this summer, CEO Steve Cannon says. That's because not all of Mercedes' employees will be affected initially by the move....
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Fiat Chrysler's U.S. operating profits rise in Q4

11:30 am U.S. ET | Feb. 3, 2015

Fiat Chrysler Automobiles' US subsidiary reported its fourth-quarter earnings excluding special items rose 1.5 percent to $669 million. For the year, FCA US reported a 31 percent gain on the same basis to $2.4 billion, as continued sales growth offset one-time charges related to its merger a year earlier....
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Ford's 2014 profit fell 56 percent amid new-product blitz

7:00 am U.S. ET | Jan. 29, 2015

Ford posted a drop in fourth-quarter profit and said earnings fell 56 percent in 2014 as it introduced 24 vehicles worldwide while US market share declined. CFO Bob Shanks predicted "a lot of strong growth numbers from Ford in 2015."...
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Mercedes 'will lose talent' in move

12:01 am U.S. ET | Jan. 19, 2015

Steve Cannon, CEO of Mercedes-Benz USA, says only about 40 percent of its 1,053 employees are likely to move when the U.S. headquarters moves from New Jersey to Atlanta. Mercedes has made offers to the employees it wants to keep....
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LETTER TO THE EDITOR

An unwise move for Mercedes

12:01 am U.S. ET | Jan. 19, 2015

Yes, the Northeastern United States is more costly for business because of a higher standard of living and more choices that allow corporations to be global and be near the world center for commerce, New York City. But why Atlanta?...
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M-B joins the club, will move U.S. HQ

12:01 am U.S. ET | Jan. 12, 2015

The automaker headquarters migration continued last week as Mercedes-Benz USA said it will leave Montvale, N.J., for Atlanta. Mercedes follows Nissan and Toyota in the move away from import companies' traditional coastal quarters -- and runs counter to Cadillac's exit from Detroit to soak up the Manhattan glitz....
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Hyundai Motor Group plans to invest $73 billion by 2018

6:38 am U.S. ET | Jan. 7, 2015

South Korea's Hyundai Motor Group, the world's fifth-largest automaker, said it would spend $73 billion over four years on expanding capacity, building a new headquarters and developing new vehicles....
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PSA will move out of Paris headquarters

Jan. 7, 2015 14:26 CET

PSA will move out of its Paris headquarters in 2017 to a location in the city's suburbs as part of a cost-cutting drive under its new part-Chinese ownership structure....
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Fiat Chrysler says it has no plan to move Ferrari's tax base from Italy

Dec. 11, 2014 16:07 CET

Fiat Chrysler Automobiles denied a report that it is considering moving the tax residence of its Ferrari supercar unit outside Italy. The possibility of the move to save on corporate taxes caused an outcry in its home country....
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Subaru plans new HQ in N.J. twice the size of its current one

1:00 pm U.S. ET | Dec. 5, 2014

Fast-growing Subaru of America plans to expand its US headquarters by moving to a campus double the size of the current site. The new development, about 4 miles from the current headquarters in New Jersey, will house more than 500 employees and contractors in the sales, marketing, service and administration departments, a statement said today....
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Tensions at Toyota ahead of big move

12:01 am U.S. ET | Nov. 17, 2014

As Toyota prepares to consolidate its far-flung engineering, sales, marketing, finance and corporate operations into a new North American headquarters near Dallas, it's wrestling with a knotty set of challenges: retaining enough employees to ensure a smooth transition, realigning job functions and keeping up morale as anxious workers await word on their new job descriptions and pay scales....
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Fiat Chrysler Q3 profit rises on Jeep demand

9:16 am U.S. ET | Oct. 29, 2014

Fiat Chrysler Automobiles reported a 7.4 percent increase in profit in the third quarter, bolstered by sales growth in the United States....
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Tenneco's adjusted Q3 net income rises 26% on record revenue

12:27 pm U.S. ET | Oct. 27, 2014

Tenneco, a supplier of ride control components and emission control systems, said today its adjusted third-quarter net income rose 26 percent from a year earlier to $78 million....
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GM operating profits fall 14% in Q3 on flat revenue

7:45 am U.S. ET | Oct. 23, 2014

GM's record transaction prices in North America and booming sales in China weren't enough to offset weakness in just about every other region, as the company's third-quarter operating profit fell 14 percent....
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Gentex reports 30% surge in Q3 net income

1:46 pm U.S. ET | Oct. 22, 2014

Gentex, which makes a variety of automotive mirrors, cameras and electronic components, said today that its third quarter net income surged 30 percent from a year earlier, with total revenue jumping 22 percent....
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Hyundai Motor to use cash to fund $10 billion land deal

7:17 am U.S. ET | Oct. 16, 2014

Hyundai Motor and its two affiliates will use cash to fund their 10.6 trillion won ($10 billion) purchase for a land site in Seoul, raising concern the companies will reduce shareholder payouts....
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GABE NELSON

BLOG: Hyundai's hubris -- $10B land deal backfires

4:08 pm U.S. ET | Sept. 22, 2014

Chung Mong-Koo sought to imbue Hyundai with Gangnam style. Instead, Hyundai Motor Group's $10 billion bid for a nearly 20-acre plot in Seoul's prestigious Gangnam district backfired on the company that Chung has elevated into a global powerhouse....
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Fiat Chrysler locates new HQ in London's West End

Sept. 18, 2014 15:58 CET

Fiat Chrysler will locate its new global headquarters in St James's Street in London's West End, near Buckingham Palace. London is neutral territory between the Italian carmaker's former HQ in Turin and Chrysler's historic association with Detroit....
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Hyundai Motor's record $10 billion bid for trophy property alarms investors

11:33 am U.S. ET | Sept. 18, 2014

Hyundai Motor Group will pay a record $10 billion for the site of its new headquarters in Seoul's high-end Gangnam district, out-bidding Samsung Electronics and sparking investor concerns that it is wasting cash on a trophy property....
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Fiat Chrysler's new HQ will be a short stroll from Buckingham Palace

9:54 am U.S. ET | Sept. 18, 2014

Fiat SpA will locate its new global headquarters in London's West End, opting for the most expensive office district in the world....
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Mobileye Q2 revenues jump, sees strong growth in 2014

3:43 pm U.S. ET | Sept. 4, 2014

One month after going public, Mobileye posted lower net income but sharply higher revenue on strong demand for its camera-based systems that help drivers avoid collisions....
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Delphi reports strong Q2 profit, but next quarter may disappoint

11:36 am U.S. ET | July 31, 2014

Delphi Automotive Plc today reported stronger-than-expected second-quarter profits, but offered a lower forecast for the third quarter....
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GM says '14 profit may be ahead of plan, sees Europe in the black by mid-decade

4:02 pm U.S. ET | June 5, 2014

GM said today its 2014 profit could be stronger than it expected and painted a more rosy picture in Europe, on the same day it said "incompetence and neglect" at the company failed to catch a defective ignition switch linked to at least 13 deaths....
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Fiat Chrysler plans finance-focused staff at London HQ

May 20, 2014 06:01 CET

Fiat Chrysler Automobiles' new London headquarters will have a staff of about 50 people, most of whom will have a finance background, said two people familiar with the details of the automaker's plan to shift its tax residency to the UK....
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Toyota move could generate $7.2 billion in 10 years for Texas economy, analysis finds

7:28 am U.S. ET | May 15, 2014

Toyota's relocation of its United States headquarters to Plano, Texas, may bring $7.2 billion of economic activity to the area over 10 years, according to an analysis for the city....
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