Tag Archives: Finance & Business

General Motors has hired a former Tesla executive, Kurt Kelty, to serve in the newly created role of vice president of Batteries as the automaker continues to work on its electric vehicle strategy. GM is still seeing strong demand for the EV products it has on sale now. The company expects EV losses to ease this year and hit low-to-mid …

TOKYO (AP) — Nissan’s profit sank in October-December to about half of what it earned the year before, the automaker said Thursday, though it stuck to its earlier earnings forecasts. Nissan Motor Co., based in the port city of Yokohama, reported its profit was 29 billion yen ($195 million) in the last quarter, down from 50.6 billion yen a year …