Corporate/Finance: Page 6

  • Four 2023 Fisker Ocean models parked.
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    Courtesy of Fisker Inc.
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    Fisker files for Chapter 11 bankruptcy

    The EV startup says it’s in advanced discussions with financial stakeholders regarding the sale of its assets.

    By • June 18, 2024
  • Elon Musk speaks at a conference
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    Apu Gomes via Getty Images
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    Tesla shareholders back Elon Musk $56B pay package

    “Hot damn, I love you guys,” the CEO said on stage during the company’s annual meeting in Austin, Texas.

    By • June 14, 2024
  • Cars are prepared for distribution at a Ford factory
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    Carl Court via Getty Images
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    Tracker

    Tracking US auto sales by month

    Mazda, Hyundai and Kia reported record-high U.S. sales in October.

    Updated Nov. 8, 2024
  • The lineup of Tesla vehicles parked at a Supercharger with tress in the background in a media photo.
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    Courtesy of Tesla Inc.
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    EV adoption falls to its lowest point since 2021: JD Power

    Meanwhile, electric vehicles are more available than they’ve ever been.

    By Kalena Thomhave • June 13, 2024
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    Courtesy of American Honda Motor.

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    Former Honda SVP named CEO of Piston Group

    Mamadou Diallo will help manage the company’s overall performance, including financial management, planning and reporting.

    By • June 12, 2024
  • The new Chevrolet Blazer EV, Chevrolet Equinox EV and Chevrolet Silverado EV RST placed together for a media photo.
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    Courtesy of General Motors
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    GM board approves $6B stock buyback

    It’s the automaker’s second major buyback following a $10 billion accelerated share repurchase announced in November.

    By • June 12, 2024
  • Multi-ethnic group of construction workers working in an office space.
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    ProfessionalStudioImages via Getty Images
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    Fixing engagement? Consider employee workload, report says

    Achieving optimal workload, however, isn’t just about eliminating work, said a McLean & Co. leader.

    By Carolyn Crist • June 6, 2024
  • The 17-inch infotainment screen of the 20204 Chevy Silverado EV showing icons on the home screen.
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    Courtesy of General Motors
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    GM promotes 2 former Apple execs to lead its software organization

    The executive appointments come as the automaker aims to make software a core component of its vehicle and customer experience.

    By • June 5, 2024
  • A gray four-door crossover vehicle with a woman seated with her hand on the steering wheel is parked in front of a Hertz building.
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    Courtesy of Hertz/GM
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    Hertz poaches Spirit Airlines CFO

    Less than a year after taking the permanent CFO seat, Alexandra Brooks is exiting the rental car company as it struggles to manage its bold EV bet.

    By Maura Webber Sadovi • June 5, 2024
  • 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