proving

Crocs’ bold embrace of their unique aesthetic is proving successful.

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Crocs’ bold embrace of their unique aesthetic is proving successful.

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. One of this year’s top-performing stocks may just be sitting at the back of your shoe closet. Love them or hate them, Crocs — the maker of colourful, albeit aesthetically polarising foam clogs — has … Read more

Stellantis to close and divest proving grounds as part of cost-cutting measures

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Stellantis to close and divest proving grounds as part of cost-cutting measures

CEO Carlos Tavares of Stellantis NV announced the closure and sale of the company’s large vehicle proving grounds in Arizona by the end of this year. The decision is part of cost-cutting measures undertaken by the automaker, which has been facing financial challenges, layoffs, and overall business decisions. The Arizona Proving Grounds, spanning 4,000 acres … Read more