Corporate/Finance: Page 5
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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 -
Courtesy of Tesla Inc.
Telsa Q2 profits sink 45% as deliveries decline again
The electric vehicle maker delivered 22,184 fewer vehicles year over year during the quarter.
By Haley Cawthon • July 25, 2024 -
Kent Nishimura/Getty Images via Getty Images
What does your CEO need to know about cybersecurity?
CEOs don’t necessarily have to become experts in the technical aspects of cybersecurity to be prepared in case of an attack or — hopefully — stop one before it starts.
By Jen A. Miller • July 25, 2024 -
Courtesy of Cruise LLC
GM shifts AV plans from Cruise Origin to Chevy Bolt
CEO Mary Barra said the move will allow the company to deliver autonomous vehicle technology at scale as quickly as possible.
By Haley Cawthon • July 24, 2024 -
Scott Olson via Getty Images
New vehicle affordability fell in June: report
Still, rising household income and lower interest rates helped keep new cars more affordable than this time last year, according to a Cox Automotive and Moody’s Analytics analysis.
By Kalena Thomhave • July 24, 2024 -
Courtesy of Volvo Cars
Volvo warns of short-term EV uncertainties
In its Q2 2024 earnings report, the automaker cautioned that its electric vehicle transition will not be a linear one.
By Haley Cawthon • July 19, 2024 -
Courtesy of Ford Motor Co.
Ford investing $3B to expand Super Duty F-Series production
The automaker aims to boost initial output by 100,000 vehicles a year.
By Eric Walz • July 18, 2024 -
gorodenkoff via Getty Images
Managers have a hard job — and it’s only getting tougher, survey says
Luckily for employers and employees alike, coaching can have “cascading benefits,” business consulting firm Perceptyx said.
By Kathryn Moody • July 18, 2024 -
Courtesy of Vinfast.
VinFast pushes back North Carolina factory timeline
The EV startup says production is now expected to begin in 2028.
By Haley Cawthon • July 17, 2024 -
Permission granted by Advance Auto Parts
Snowflake-linked attack on Advance Auto Parts exposes 2.3 million people
One of the few customers to publicly link Snowflake to a third-party intrusion said its database was breached for 40 days.
By Matt Kapko • July 16, 2024 -
Bill Pugliano via Getty Images
GM shareholders deny 3 ethical supply chain proposals
Responding to the proposals, the automaker defended its existing practices for supplier agreements and operational policies.
By Kelly Stroh • July 15, 2024 -
Courtesy of Polestar
EV maker Polestar risks Nasdaq delisting
The company has until Jan. 2 to regain compliance by maintaining the stock market's $1 minimum bid price requirement for at least 10 days.
By Haley Cawthon • July 15, 2024 -
Courtesy of Rivian
Rivian chief accounting officer to step down
Jeffrey Baker will resign later this month to pursue another opportunity, the electric vehicle maker disclosed in a securities filing.
By Haley Cawthon • July 11, 2024 -
Courtesy of ZF Group
Stellantis’ chief software business officer departs
The move is the latest in a number of high-profile executive exits from the automaker this year.
By Eric Walz • July 9, 2024 -
Mario Tama/Staff/Getty Images News via Getty Images
Sonic Automotive’s sales dip as CDK cyberattack causes material impact
The company reported ongoing service disruptions and said vehicle sales declined after an attack on a third-party vendor.
By Matt Kapko • July 8, 2024 -
Justin Sullivan via Getty Images
GM subsidiary withdraws ILC charter application
If the application had been approved, it would have marked a return to the industrial loan company format for the automaker.
By Rajashree Chakravarty • July 8, 2024 -
Bilanol/iStock/Getty Images Plus via Getty Images
CDK eyes service restoration for all car dealers by Fourth of July
A systemwide outage following a cyberattack has impacted more than 15,000 car dealers since June 19.
By Matt Kapko • July 2, 2024 -
Courtesy of BMW of North America
BMW of North America names new CFO
Andreas Kindler is replacing Raymond Wittmann, who is relocating to Munich to lead the automaker’s corporate strategy division.
By Eric Walz • July 2, 2024 -
Courtesy of Porsche AG
Porsche Cars North America names new COO
John Capella is joining from Porsche Cars Canada, and replacing longtime executive Joe Lawrence.
By Eric Walz • July 1, 2024 -
Courtesy of Cruise LLC
GM names Marc Whitten CEO of Cruise
The new chief will take over the robotaxi company as it prepares to restart operations after a months-long suspension and series of executive shake-ups.
By Eric Walz • June 27, 2024 -
Apu Gomes via Getty Images
Tesla heads back to court still hoping to pay CEO Elon Musk billions
The EV maker is hoping that a second shareholder approval of Musk’s record compensation package will influence a Delaware court.
By Justin Bachman • June 27, 2024 -
Scott Olson via Getty Images
Stellantis looks to new leaders for North American comeback
Jeep, Dodge and Ram have new leaders after a series of high-profile departures from the automaker.
By Haley Cawthon • June 25, 2024 -
Courtesy of Rivian Automotive
Volkswagen invests $1B in Rivian with plans for a joint venture
The new, equally-controlled business will focus on developing a next-generation electrical/electronic architecture for EVs.
By Haley Cawthon • June 25, 2024 -
Courtesy of Kia America, Inc.
Ionna EV charging venture picks global HQ, executive team
Seven major automakers, including Honda and BMW, established the joint initiative in 2023 with plans to install 30,000 chargers in North America by 2030.
By Eric Walz • June 21, 2024 -
Courtesy of Ford Motor Co.
Ford ends Model e EV program for dealers
The automaker faced pushback over the program’s significant upfront investment costs.
By Eric Walz • June 20, 2024
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