Corporate/Finance: Page 4
-
Courtesy of Ford Motor Co.
Ford scraps electric SUV plans, delays next-generation truck
The automaker is taking a $400 million hit as it shifts its electrification strategy yet again.
By Haley Cawthon • Aug. 21, 2024 -
Courtesy of Stellantis
Stellantis taps Rivian exec to lead North American manufacturing
Tim Fallon will step into the role on Sept. 2, after leading the EV startup’s manufacturing for more than two years.
By Haley Cawthon • Aug. 21, 2024 -
Courtesy of General Motors
GM to lay off 1,000 from its software and services unit
The job cuts impact around 600 salaried employees at the automaker’s Warren Tech Center in Michigan and another 400 globally.
By Eric Walz • Aug. 20, 2024 -
Courtesy of Stellantis
UAW threatens Stellantis with nationwide strike
The labor union said “tens of thousands” of workers are ready to file grievances over the company’s failure to keep product and investment commitments.
By Haley Cawthon • Aug. 20, 2024 -
Douglas Rissing via Getty Images
Inflation slows to three-year low, clearing way for Fed rate cut
The central bank at a meeting next month will likely weigh cooling inflation against signs that the labor market is loosening up.
By Jim Tyson • Aug. 19, 2024 -
Courtesy of Rivian
Rivian chief communications officer departs
Sarah O'Brien, the third senior executive to depart the EV maker this summer, had been with the company for just over a year.
By Haley Cawthon • Aug. 19, 2024 -
Courtesy of Wuling
GM CEO Mary Barra: China market is a ‘race to the bottom’
The automaker reported a $104 million loss in the market during Q2 as deliveries continue to fall.
By Haley Cawthon • Aug. 16, 2024 -
Courtesy of GlobalFoundries
GlobalFoundries auto revenue rebounds in Q2
The chipmaker expects "meaningful" year-over-year growth in the segment as demand improves.
By Kate Magill • Aug. 12, 2024 -
Courtesy of Mazda North America
Mazda boosts US market share
The automaker credited the growth to sales increases, dealer optimism and expanded production.
By Haley Cawthon • Aug. 12, 2024 -
Courtesy of General Motors Co.
GM’s president of North America steps down
Marissa West, former leader of GM Canada, held the position for about eight months.
By Haley Cawthon • Aug. 9, 2024 -
Courtesy of American Honda
Honda posts record-high quarterly profit on strong hybrid sales
Earlier this year, the automaker detailed its efforts to gain a competitive advantage by increasing R&D spending on hybrid vehicles.
By Haley Cawthon • Aug. 8, 2024 -
Courtesy of Rivian Automotive
Rivian already sees tailwinds from VW partnership
CEO RJ Scaringe said the EV maker expects to achieve more favorable pricing from its suppliers as a result of the deal.
By Haley Cawthon • Aug. 7, 2024 -
Scott Olson / Staff via Getty Images
Half of US companies plan to add new positions during remainder of 2024
Hiring managers say they’re implementing proactive strategies to reach the best talent and stand out from other companies, a recent report shows.
By Carolyn Crist • Aug. 7, 2024 -
Courtesy of Lucid Group
Lucid secures $1.5B from largest shareholder
The funding will extend the EV maker’s runway to the end of 2025, according to its principal accounting officer.
By Haley Cawthon • Aug. 6, 2024 -
Courtesy of Mercedes-Benz AG
Mercedes-Benz promotes execs to US leadership
Marcus Herring was appointed VP of sales and product, and Michael Minielly was named director of communications and experience.
By Haley Cawthon • Aug. 5, 2024 -
Lukas Schulze via Getty Images
Auto industry’s innovation push brings ‘startup’ capital structure
As automakers juggle EV resource allocation, regulation and macroeconomics, they are operating more like startups, according to the most recent Hackett Working Capital Survey.
By Adam Zaki • Aug. 5, 2024 -
Courtesy of Volkswagen
Volkswagen looks to drive down costs as overhead increases
The automaker aims to improve profitability across its brands, while also pushing early retirements and hiring freezes.
By Haley Cawthon • Aug. 2, 2024 -
Courtesy of Toyota Motor North America
Toyota sales dropped over 20% in Japan in Q1
But sales gains in the U.S., Europe and Asia helped the automaker post a profitable quarter.
By Eric Walz • Aug. 2, 2024 -
Courtesy of Mercedes-Benz
3 things influencing Mercedes-Benz’s strategy in China
CEO Ola Källenius believes more than 90% of BEV makers in the country are burning cash.
By Haley Cawthon • July 31, 2024 -
Courtesy of Hyundai Motor America
Hyundai’s hybrid vehicle sales jump over 26% YoY
The automaker posted two consecutive quarters of double-digit growth in the segment.
By Eric Walz • July 31, 2024 -
Permission granted by Rivian Automotive
Rivian chief commercial officer steps down
Kjell Gruner is leaving the EV maker after less than a year in the top sales role.
By Haley Cawthon • July 29, 2024 -
Jack Taylor via Getty Images
Sustainability reporting, ESG management roles on the rise: Deloitte
The accounting firm’s survey of 300 executives at public companies pointed to an increase in sustainability oversight as disclosure requirements mount.
By Zoya Mirza • July 29, 2024 -
Courtesy of Stellantis
Stellantis CEO: First half results ‘disappointing and humbling’
The automaker’s net profit was down 48% year over year as it continues to lose market share in North America.
By Haley Cawthon • July 26, 2024 -
zenstock/iStock via Getty Images
GHSP adds VP to stabilize auto supply chain
Ludwing Vergara outlined a four-pronged approach that includes improved cost modeling and closer stakeholder collaboration.
By S.L. Fuller • July 26, 2024 -
Courtesy of Ford Motor Co.
Ford EV losses mount, weighing on profits
The automaker has lost $2.5 billion on electric vehicles so far in 2024.
By Haley Cawthon • July 25, 2024
Previous
