Larry Avila

The global company made nine executive moves, including the promotion of presidents and CEOs to lead Hyundai Motor Co. and Kia Corp.

The automaker is committed to ramping up U.S. electric vehicle production despite the incoming Trump administration's tariff threats, an executive said.

The layoffs will impact UAW workers and the automaker’s Michigan tech center.

The U.S.-based battery production will also help Rivian meet Inflation Reduction Act standards to help the R2 qualify for EV tax credits.

Kjell Gruner takes over Dec. 12 for Pablo Di Si, who stepped down from the post, according to the company.

CEO Oliver Zipse said 65% of the company’s cars sold in the U.S. are locally made.

CEO Oliver Zipse said 65% of the company’s cars sold in the U.S. are locally made.

The automaker said Randy Parker has been instrumental in leading its U.S. sales growth, setting all-time company sales records for three consecutive years.

The automaker plans to announce more appointments in April as it looks to revive slumping sales.

Some automakers have reduced their workforce amid cooling demand for new vehicles.