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...That was down from 49 12 months earlier, as it exited stakes in companies including General Motors, UPS and Procter & Gamble earlier in the year....
Case studies in best practice among general counsel and company legal teams in North America
...Ford and General Motors have paused plans to expand their EV manufacturing capacity in recent months, and last week Rivian announced that it would cut 10 per cent of its workforce and keep deliveries flat...
...Cruise, the self-driving car subsidiary of General Motors, targeted annual revenues of $1bn by 2025. Last year, the business reported sales of just $102mn amid a $3.4bn loss....
...In the early postwar decades, America’s large multi-divisional corporations, of which General Motors was the best-known example, were seen in Europe as the model for how big business should be run....
...Ford, General Motors and Tesla have all pumped the brakes on expanding EV production capacity in recent weeks....
...For example, US carmaker General Motors has committed to selling only electric vehicles by 2035, presenting its legal team with many challenges....
...The company disclosed it had sold off its remaining position in carmaker General Motors during the three months to the end of September, an investment that was worth roughly $850mn in the previous quarter...
...Meanwhile, 77.2 per cent of F1 fans identify as socially responsible, compared with 44.9 per cent for non-fans and 58 per cent for the general public....
...The fact that the famed investor found a trade in the sleepy world of Japanese general trading companies may have earned smirks from jaded market veterans. But Buffett’s timing was good....
...Rivian went public in late 2021 with a market capitalisation of more than $100bn — bigger than Ford and General Motors....
...“To this day, OpenAI, Inc.’s website continues to profess that its charter is to ensure that AGI ‘benefits all of humanity’,” it adds....
...General Motors scaled back plans for its self-driving Cruise unit last year following an accident while testing on public roads, while Ford pulled out of the technology altogether to focus on driver-assistance...
...General Motors, the world’s largest automobile maker, was losing billions....
...Ireland is now setting up a sovereign wealth fund to save windfall tax proceeds, but as the country prepares in January to increase its corporation tax rate to 15 per cent under an OECD deal, corporation...
...“Ultimately, I want to make certain that corporations, no matter their size, treat Tennessee consumers fairly and honestly,” Skrmetti, a Republican, said in a statement....
...Tesla, General Motors and Rivian all reported strong US sales and deliveries for EVs during the second quarter, as did BYD in China....
...Replacing him is Gil West, a former chief operating officer of Delta Air Lines and General Motors’ Cruise self-driving car unit....
...Signs of distress and dislocation abound in the New York City office market, the world’s largest, where Stacom bagged many of her biggest deals, including the $2.8bn sale of the General Motors Building in...
...A number of EV makers have recently scaled back expansion plans, including Ford and General Motors, while rental group Hertz is selling one-third of its electric fleet to buy more petrol vehicles....
...Gil West, a former chief operating officer of Delta Air Lines and General Motors’ Cruise self-driving car unit, will be replacing him. Instead of enjoying a boom, Hertz is in trouble again....
...The filing against PepsiCo, the world’s second-largest food company, is one in a swell of lawsuits brought by local authorities, consumer protection groups and non-profits against corporations about their...
...General Motors chief executive Mary Barra said this year that the company had ordered two “giga press” machines with the intention of using the technology for mass-market vehicles....
...Motors, Ford and Stellantis in a six-week strike....
...The United Auto Workers, the influential US union, is targeting Tesla as it aims to widen its base beyond the traditional Detroit carmakers of Ford, General Motors and Chrysler following its historic pay...
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