Corporate/Finance: Page 12
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PixelPop via Getty Images
Lack of career development holds back women from leadership, survey says
When women don’t receive the support they need, they are 1.5 times more likely than men to leave their companies to advance in their careers, DDI said.
By Carolyn Crist • March 18, 2024 -
Courtesy of Fisker, Inc.
Fisker to halt production, raise $150M with future in doubt
The potential cash infusion and production stoppage could help the EV startup stay afloat as it seeks a partnership with a major automaker.
By Michael Brady • March 18, 2024 -
Courtesy of Lithium Americas
Biden administration boosts EV supply chain with $2B lithium loan
The money will fund processing facilities at Lithium Americas’ upcoming Nevada project. General Motors has exclusive purchasing rights to all lithium production for up to 15 years.
By Kate Magill • March 18, 2024 -
Courtesy of Mazda North America
Mazda names new design head for North America
Company veteran Jacques Flynn was on the team behind the current generation of MX-5 sports car.
By Michael Brady • March 18, 2024 -
Courtesy of Nissan Motor Corp.
Honda, Nissan consider co-developing EVs, AI
The nonbinding agreement could eventually help the companies catch up in the race to develop and go to market with EVs, as both automakers have fallen behind in recent years.
By Michael Brady • March 15, 2024 -
Courtesy of Continental AG
Continental CFO announces departure
Katja Garcia Vila will continue in the role until the auto supplier hires a replacement.
By Michael Brady • March 15, 2024 -
Jinda Noipho/iStock /Getty Images Plus via Getty Images
New car affordability remains a concern despite falling prices
Average transaction prices were nearly 14% higher last month than in February 2021, a Cox Automotive report found.
By Michael Brady • March 14, 2024 -
Courtesy of Panasonic Energy of North America.
Panasonic Energy, H&T Recharge sign battery can supply deal
The EV battery maker's latest transaction is part of its goal to strengthen its supply chain in North America, the company said.
By Sara Samora • March 14, 2024 -
Courtesy of General Motors
GM hires former Tesla exec as head of manufacturing and sustainability
Jens Peter Clausen led efforts to scale the production of EV propulsion systems at the electric automaker’s Gigafactory 1 in Nevada.
By Eric Walz • March 13, 2024 -
Photo by Ketut Subiyanto from Pexels
Uncertainty reigns as talent leaders grapple with flexibility, AI
A whopping 98% of employers are planning “work design changes” for 2024, Mercer said in its report.
By Caroline Colvin • March 13, 2024 -
Michael M. Santiago / Staff via Getty Images
Report: Employers don’t practice what they preach on skills-based hiring
Fewer than 1 in 700 new hires benefited from businesses dropping degree requirements, the Burning Glass Institute and Harvard Business School estimated.
By Carolyn Crist • March 12, 2024 -
Courtesy of Ford Motor Co.
Ford settles US tariff dodging allegations for $365M
The fine ends a long-running allegation that the automaker skirted a 25% 'chicken tax' on cargo vans assembled in Turkey.
By Michael Brady • March 12, 2024 -
Courtesy of Stellantis
Stellantis invests 5.6B euros in South America
The automaker plans to launch more than 40 new products through 2030, including vehicles powered by “Bio-Hybrid” powertrain technologies.
By Eric Walz • March 11, 2024 -
Phillip Faraone for Rivian via Getty Images
Rivian halts construction on $5B Georgia EV facility
The electric vehicle maker plans to produce its R2 model at its Illinois facility instead, starting in the first half of 2026.
By Sara Samora • March 8, 2024 -
Courtesy of General Motors
GM, Magna and Wipro to create automotive software marketplace
The platform, dubbed SDVerse, aims to match buyers and sellers of embedded automotive software for software-defined vehicles.
By Michael Brady • March 8, 2024 -
Courtesy of Stellantis
Stellantis launches ‘Ram Professional’ commercial unit in North America
It's part of the automaker’s effort to boost recurring revenue.
By Eric Walz • March 8, 2024 -
Courtesy of Nikola
Nikola delivers its first fuel cell electric trucks
The OEM delivered 35 in Q4 — and could have done more if not for supplier part constraints, CEO Steve Girsky said.
By David Taube • March 8, 2024 -
Courtesy of Ford Motor Co.
Ford, dealers offer $2M in automotive technician scholarships
The auto industry is facing a shortage of techs, with over 400,000 needed by 2027, according to the automaker.
By Eric Walz • March 7, 2024 -
Courtesy of Scout Motors
Scout Motors breaks ground on $2B EV plant after environmental delays
The automotive company plans to finish its South Carolina facility in 2026 after pausing construction in the fall of 2023.
By Sebastian Obando • March 6, 2024 -
Courtesy of Stellantis
Stellantis’ Pro One commercial business accounted for one third of its $200B net revenue in 2023
The automaker’s Ram brand reached 20% market share in North America’s commercial van segment.
By Eric Walz • March 6, 2024 -
Courtesy of Toyota Motor North America
Toyota to buy EV battery company, ending venture with Panasonic
The automaker expects Primearth EV Energy Co. to help it respond to changes in demand for electrified vehicles.
By Michael Brady • March 6, 2024 -
Courtesy of Hyundai Motor Group.
Hyundai moves up Georgia EV factory timeline
The new plant will now begin production in Q4 of this year, months earlier than expected.
By Sara Samora • March 5, 2024 -
Courtesy of Lordstown Motors
SEC charges Lordstown Motors with misleading investors on sales outlook
The defunct EV startup allegedly made false or misleading statements about pre-orders, parts access and delivery timelines, according to the U.S. Securities and Exchange Commission.
By Jim Tyson • March 5, 2024 -
Courtesy of American Honda Motor Co.
Honda, Hyundai, Mazda and Subaru saw US sales rise in February
Only Kia's sales dropped, its third consecutive month of falling numbers.
By Michael Brady • March 4, 2024 -
Courtesy of Xpeng Inc.
China’s Xpeng, Volkswagen Group to co-develop EVs
The automakers will jointly develop and source common parts for two China-specific midsize EVs.
By Eric Walz • March 4, 2024
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