Corporate/Finance: Page 5

  • Pictured is Joseph Fadool, BorgWarner's newly appointed Chief Operating Officer.
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    Courtesy of BorgWarner Inc.
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    BorgWarner names new COO amid EV restructuring

    Joseph Fadool will oversee the supplier’s operations as it reorganizes its business units to execute its “Charging Forward” strategy.

    By • May 31, 2024
  • The Stellantis sign outside the company’s North American office in Auburn Hills, Michigan.
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    Courtesy of Stellantis
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    Stellantis names new chief sales and marketing officer

    Lancia brand CEO Luca Napolitano is replacing Thierry Koskas, who will remain with the automaker’s Citroën brand.

    By Kalena Thomhave • May 31, 2024
  • A group of people swim and play at a beach as a lifeguard watches in Wildwood, New Jersey, during Memorial Day weekend in 2023.
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    Hannah Beier via Getty Images
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    US workers say they’re satisfied with their PTO but still don’t exhaust it

    Heavy workload is one of the most common reasons behind unused time off in recent research.

    By Ryan Golden • May 29, 2024
  • Elon Musk
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    Omar Marques via Getty Images
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    Tesla shareholders cite floundering performance in bid against Musk pay package

    The group also claims the EV maker’s board is stacked with directors who have close personal ties to the CEO.

    By • May 24, 2024
  • A person in a blue shirt raises their hand during a medical training seminar.
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    SeventyFour via Getty Images
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    HR leaders can play a critical role in guiding skills-based transformation

    Companies should meet several fundamental conditions before moving along the spectrum of skills-based hiring, McLean & Co. says.

    By Carolyn Crist • May 22, 2024
  • SAIC-GM-Wuling's Wuling Xing Chi small SUV in China
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    Courtesy of Wuling
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    GM China names new president to lead growth strategies

    Julian Blissett, president of GM China, has decided to retire after a 28-year career with the automaker.

    By • May 22, 2024
  • Pictured is Christine Feuell, who was appointed as CEO of Stellantis' truck brand Ram.
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    Courtesy of Stellantis
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    Stellantis names new leaders for Dodge, Ram

    The executive appointments come as the automaker prepares to launch new vehicles, including a battery-powered Ram pickup later this year.

    By • May 20, 2024
  • Phillips 66
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    Retrieved from Phillips 66 press release.
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    Freewire Technologies on the verge of terminating operations

    The EV charging supplier, which already pulled out of non-North American markets in February, is seeking funding amid financial challenges.

    By Brett Dworski • May 17, 2024
  • The Honda 0 Series Saloon electric vehicle concept on stage at a media event at the Consumer Electronic Shows in Las Vegans in January.
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    Eric Walz/Automotive Dive
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    Inside Honda’s updated multibillion-dollar electrification strategy

    The massive investments will be used to establish a comprehensive electric vehicle value chain. 

    By • May 16, 2024
  • 2024 Mercedes-Benz GLS model lineup parked in a city.
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    Courtesy of Mercedes-Benz AG
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    Mercedes-Benz Q1 profits down nearly 30%

    The automaker attributed lower volumes to product transitions and supply chain bottlenecks.

    By • May 16, 2024
  • A 2023 Honda CR-V hybrid crossover on a highway with trees and homes in the background.
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    Courtesy of Honda Motor Co.
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    Honda banks on hybrid profits to fund EV transition

    The automaker announced it will increase R&D spending by almost 25% over the next year to gain a competitive advantage in the hybrid vehicle segment.

    By • May 15, 2024
  • Jerome Powell, testimony, U.S. House, Financial Services Committee
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    Win McNamee via Getty Images
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    Powell sees longer inflation fight, ‘very small’ odds of Fed rate hike

    “We have the highest interest rates in some time,” Powell said Tuesday. “The question is, ‘is it sufficiently restrictive?’”

    By Jim Tyson • May 15, 2024
  • Erik Severinson, Chief Product & Strategy Officer, Anders Bell, Chief Engineering & Technology Officer, Francesca Gamboni, Chief Supply Chain Officer
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    Courtesy of Volvo
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    Volvo Cars shakes up leadership team after COO leaves for Rivian

    The automaker named new product, engineering and supply chain chiefs as it pursues "technological and commercial transformation." 

    By • May 13, 2024
  • A silver Lucid Gravity electric SUV parked in front of a cantilevered building with blue sky in the background.
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    Courtesy of Lucid Group, Inc.
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    EV maker Lucid Group shores up its losses with billion-dollar investments

    Lucid has received $6.4 billion from Saudi Arabia’s Public Investment Fund since 2018, which has helped support its operations as it works to turn a profit.

    By • May 13, 2024
  • Ford CFO John Lawler speaks at a podium during an event automaker's Rouge Electric Vehicle Center on Sept. 8, 2022 in Dearborn, Michigan.
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    Sarah Rice via Getty Images
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    Ford CFO John Lawler to serve in dual role as vice chair

    The automaker also named former Lucid Group CFO Sherry House as VP of finance as it begins to execute its ​​Ford+ strategic plan. 

    By • May 10, 2024
  • A Rivian R1T nears undergoes final assembly at the automaker's plant in Normal, Illinois.
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    Courtesy of Rivian Automotive
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    Rivian completes plant retooling, a ‘pivotal step’ on path to profitability

    CFO Claire McDonough said the EV maker expects lower variable costs to be the biggest driver of gross profit improvement this year.

    By • May 10, 2024
  • Co-workers talk while walking in a warehouse
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    FG Trade via Getty Images
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    Job security, work-life balance remain biggest challenges for women in revenue-generating roles

    Women reported fewer promotions and fewer salary increases amid a tightening economy and slashed budgets.

    By Carolyn Crist • May 10, 2024
  • The words Federal Reserve engraved in a marble building with an eagle above.
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    Douglas Rissing via Getty Images
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    Fed likely to hold rates high before cutting twice in Q4: Conference Board

    Central bank officials this week have signaled that strength in hiring and economic growth may prompt the Fed to keep interest rates high longer than previously expected.

    By Jim Tyson • May 9, 2024
  • Used cars are pictured on a lot in California.
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    Justin Sullivan via Getty Images
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    Auto retail sales benefit from tax season: Cox Automotive

    Used vehicle supply fell to its lowest level in the past year after a spring buying surge.

    By Kalena Thomhave • May 9, 2024
  • Pictured is Javier Varela, former Volvo Cars Chief Operating Officer & Deputy CEO.
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    Courtesy of Volvo Cars
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    Rivian hires former Volvo Cars exec as next COO

    Javier Varela will be central to the company’s growth and profitability as it prepares to launch new electric vehicles.

    By • May 6, 2024
  • The Fisker Ocean electric SUV.
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    Courtesy of Fisker, Inc.
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    Fisker names chief restructuring officer

    The ailing company’s board appointed John DiDonato, managing director of Huron Consulting Group, to the role last month as it attempts to stave off bankruptcy.

    By Kalena Thomhave • May 3, 2024
  • A red electric Volkswagen ID.7 Tourer model parked on a gravel surface with a stone wall and greenery in the background.
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    Courtesy of Volkswagen Group
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    Why VW’s Q1 profits fell 20% despite higher deliveries

    The company blamed lower-than-anticipated global sales and its investments in launching new electrified models.

    By • May 3, 2024
  • Jack Hollis showcases the 2019 Toyota RAV4
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    Drew Angerer via Getty Images
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    Toyota Motor North America creates COO, CSO roles

    EVPs Jack Hollis and Chris Reynolds are taking on additional responsibilities as part of the new assignments.

    By • May 2, 2024
  • Mary Barra, CEO of General Motors
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    Anna Moneymaker via Getty Images
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    GM CEO’s compensation falls 4%

    Mary Barra is no longer the highest-paid executive among the Detroit Three automakers.

    By • April 29, 2024
  • Toshihiro Mibe, President and CEO of Honda Motor Co. speak at an event at the automaker's manufacturing plant in Allison, Ontario.
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    Courtesy of Honda Motor Co.
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    Honda invests billions in Canada to set up EV production hub

    The CAD $15 billion ($11 billion) investment into the automaker’s supply chain includes two factories and materials processing projects with joint venture partners.

    By • April 25, 2024