Two senior leaders from ABB Electrification Service have been named among the Future of Field Service's prestigious 2025 Stand Out 50 Leaders, recognizing their significant contributions to advancing service innovation in the energy sector. Dr. Matthew Wise, Global Head of Strategy & Business Development, and Andressa Ferraz, Sustainability Advisory Service Manager for EMEA, were selected for their outstanding work in redefining field service capabilities and developing customer-centric energy solutions that support the global energy transition.

The recognition highlights the team's instrumental role in helping customers navigate complex energy challenges through new service business models and strategic collaborations. Their work emphasizes operational rigor, circularity principles, and long-term customer value creation, positioning ABB as a key partner for industries modernizing critical infrastructure and accelerating the shift toward smarter, cleaner operations. The award underscores ABB Electrification Service's commitment to extending asset lifetimes while supporting customers' sustainability objectives.

Stuart Thompson, President of ABB Electrification Service, praised the leaders' achievements, stating: "This recognition reflects Matt's and Andressa's commitment to redefining what field service can achieve when we work together with our customers as trusted partners. Their leadership in developing accessible energy solutions shows how service innovation can drive both performance and sustainability, all while remaining relentlessly focused on customer outcomes." He emphasized that their approach has enabled customers to better manage the complexities of renewable energy integration.

Dr. Wise has been instrumental in driving strategic partnerships and acquisitions to expand ABB's innovation ecosystem, particularly in digitalization, energy storage, and emerging technologies including artificial intelligence and edge computing. His collaborations with startups such as GridBeyond, Ndustrial, and Pratexo have enhanced ABB's ability to deliver sophisticated electrical asset management and real-time decision-making capabilities. Meanwhile, Ferraz has played a crucial role in pioneering ABB's newly launched Battery-Energy-Storage-Systems-as-a-Service offering, addressing critical market needs around energy storage and management solutions.

Shares in European automakers Volvo Cars and Stellantis surged on Thursday as stronger-than-expected U.S. sales figures alleviated investor concerns that tariffs might dampen demand. The positive performance came despite ongoing worries about higher import duties imposed by U.S. President Donald Trump as part of his administration's broader push to boost domestic manufacturing. Automakers across the industry have been implementing strategies to mitigate potential tariff impacts, including focusing on higher-margin vehicle segments.

Stellantis reported its first quarterly growth in the U.S. market this year, with new car sales rising 6% in the third quarter. The French-Italian-American automaker's shares climbed as much as 7% following the late Wednesday announcement. The company noted that all of its major brands—Jeep, Chrysler, Ram, and FIAT—experienced sales growth during the period, indicating broad-based strength across its product portfolio despite the challenging trade environment.

Volvo Cars similarly posted encouraging results, with shares rising 5% after the Swedish automaker reported a 3% increase in third-quarter U.S. sales. The company's sales composition revealed that non-electrified models continued to dominate its U.S. business, with nearly 70% of September volumes consisting of mild hybrids and other internal combustion engine vehicles. This sales mix highlights how traditional powertrains remain central to the company's American market strategy even as it expands its electric vehicle offerings.

The Swedish carmaker, majority-owned by China's Geely Holding, faces significant exposure to U.S. tariffs since most of its U.S.-bound vehicles are manufactured in Europe. Currently, Volvo produces only its electric EX90 SUV in the United States, but the company has announced plans to begin local production of its popular XC60 plug-in hybrid by the end of 2026. An additional hybrid model is scheduled for production at its South Carolina factory before 2030, representing a strategic shift toward localized manufacturing to reduce tariff vulnerability.