Ally Financial Inc. has ushered in a new era of leadership by appointing Michael G. Rhodes as its Chief Executive Officer, effective April 29, 2024. With a storied career spanning over two decades in consumer banking, Rhodes is set to steer Ally Financial into its next evolutionary phase. A Visionary’s...
Fisker’s Bold Move: Major Price Cuts on Ocean SUV to Navigate Financial Storms
In a bold strategy to navigate through financial turbulence, Fisker Inc. has announced substantial price reductions across its 2023 Ocean electric SUV lineup. This move is seen as a direct response to the looming threat of bankruptcy and a bid to revitalize sales and consumer interest in their flagship vehicle....
Hyundai’s Electrification Endeavor: A $50 Billion Leap Forward
In an unprecedented move, Hyundai Motor Group has announced a colossal $50 billion investment in electric vehicle (EV) technology and infrastructure. This bold step is set to propel the South Korean automotive giant into the forefront of the EV market, aiming to establish itself as a top-three EV manufacturer by...
Bornstein Seafoods to Consolidate Operations: Shuttering US Sites
Bornstein Seafoods, a family-owned business, is streamlining its operations in an “optimisation” drive. The company plans to close two US processing sites, focusing on consolidation within its facilities in Oregon. This strategic move aims to enhance operational efficiency and strengthen the company’s competitive edge in the market. Bellingham, Washington: Closure...
Dairy’s Gut-Health Battle: Beyond the Chilled Aisle
As interest in gut health grows, dairy products find themselves at the forefront of a “macro-trend.” Biotiful Gut Health, known for its fermented, probiotic kefir drinks and live culture yogurts, believes there’s a place for dairy in this health-conscious movement. But is the chilled aisle the only battleground? The Rise...