Corporate/Finance: Page 6
-
Courtesy of Ford Motor Co.
Facing pricing pressure, Ford takes big loss on EVs
CEO Jim Farley called the segment a “huge drag” on the automaker and the industry overall.
By Haley Cawthon • April 25, 2024 -
Courtesy of General Motors
GM aims to build up to 300K EVs in 2024
The automaker anticipates that new electric vehicle launches will help it achieve its ambitious sales targets in 2024.
By Eric Walz • April 24, 2024 -
Harold Cunningham via Getty Images
Stellantis shareholders approve CEO compensation boost
Carlos Tavares’ total compensation was nearly $39.5 million last year, a 56% year-over-year increase.
By Haley Cawthon • April 23, 2024 -
SrdjanPav via Getty Images
HR leaders well positioned to fight age bias, staffing exec says
Older workers responding to a survey said age would hurt their chances at a new job.
By Kate Tornone • April 22, 2024 -
Courtesy of Ford Motor Co.
Ford, GM, Honda collaborate on standardized Scope 3 emissions reporting
A new supplier questionnaire can streamline how suppliers report on climate goals and consumption.
By S.L. Fuller • April 18, 2024 -
Courtesy of Tesla Inc.
Tesla to cut 10% of global workforce: reports
CEO Elon Musk cited the company’s push for cost reduction and existence of duplicative roles as reasons for the layoffs.
By Eric Walz • April 15, 2024 -
Courtesy of Stellantis
Stellantis trims dealer support center network
The move comes after the automaker updated its corporate sales structure in North America.
By Eric Walz • April 11, 2024 -
Sean Gallup via Getty Images
Volkswagen subsidiary to pay nearly $49M in SEC fraud case
The SEC claims the finance unit sold bonds at a time when senior Volkswagen executives knew that more than 500,000 of their vehicles in the United States “grossly exceeded legal vehicle emissions limits.”
By Haley Cawthon • April 11, 2024 -
Courtesy of Kia Corporation
Kia wants electrified vehicles to make up 58% of sales by 2030
The automaker will lean more into hybrid vehicles as short-term EV demand stagnates.
By Eric Walz • April 11, 2024 -
Courtesy of American Honda Motor Co.
US private equity firm buys majority stake in Panasonic Automotive
The companies expect the transaction to close by the end of the first quarter of 2025.
By Michael Brady • April 10, 2024 -
Courtesy of Tesla Inc.
Tesla deliveries fall to lowest level since 2020
The automaker produced over 46,000 more vehicles than it delivered in Q1 2024.
By Eric Walz • April 4, 2024 -
deepblue4you/iStock/Getty Images Plus via Getty Images
After months of conflict, Stellantis strikes emissions deal with California
The automaker will follow the state’s emissions standards, even if the federal government or judicial action bars the state from enforcing them.
By Kalena Thomhave • April 4, 2024 -
Courtesy of Nissan Motor Co. Ltd
Nissan names new chief communications officer
Lavanya Wadgaonkar’s promotion comes as Nissan begins to execute its new EV transition plan, dubbed “The Arc.”
By Eric Walz • April 2, 2024 -
vgajic via Getty Images
Traffic deaths declined in 2023, but distracted driving remains a danger
The proliferation of infotainment screens in new vehicles adds potential distraction, safety experts say.
By Dan Zukowski • April 2, 2024 -
Courtesy of Fisker, Inc.
Fisker cuts MSRPs up to 39% as it fights for survival
The EV startup hopes lower prices will make it easier to sell its unsold 2023 inventory.
By Eric Walz • April 1, 2024 -
Bill Pugliano via Getty Images
Ford CEO Jim Farley earned over $26M in 2023
He’s the latest Detroit Three executive to receive record compensation.
By Michael Brady • April 1, 2024 -
Tasos Katopodis via Getty Images
How auto supply chain managers can navigate the Baltimore port stoppages
Automakers and suppliers should consider alternative port assessments and review their contracts and obligations, experts say.
By Kelly Stroh • March 29, 2024 -
Retrieved from Lamar Johnson Collaborative on March 27, 2024.
BMW supplier investing $1.5B to expand South Carolina operations
AESC is adding a second battery factory at the site, which will supply the automaker's EV assembly facility in Mexico.
By Sara Samora • March 28, 2024 -
Courtesy of Hyundai Motor Group
Hyundai to invest billions in South Korea to boost EV production
The automaker will also advance the development of software-defined vehicles and other technologies.
By Michael Brady • March 28, 2024 -
Courtesy of General Motors
GM loses 2 more execs as software shakeup continues
The resignations come just two weeks after the automaker’s software and services head left the company.
By Eric Walz • March 28, 2024 -
Mario Tama/Staff/Getty Images News via Getty Images
US new vehicle sales to grow 4.5% YoY in March: Cox Automotive
Sales are on pace for a seasonally adjusted annual rate of nearly 15.5 million units in 2024, according to a new forecast.
By Michael Brady • March 28, 2024 -
Tasos Katopodis via Getty Images
Automakers reroute shipments after Baltimore bridge collapse
The port, one of the U.S.'s largest for handling auto and light vehicles, saw a record 847,158 cars and light trucks in 2023, according to the Maryland Port Administration.
By Kate Magill • March 27, 2024 -
Courtesy of Nissan North America, Inc.
Nissan shakes up leadership in North America
The automaker is preparing to ramp up EV production in the U.S.
By Eric Walz • March 26, 2024 -
Courtesy of Nissan Motor Co. Ltd
Nissan’s new EV plan aims for significant cost reduction
‘The Arc’ plan includes launching new EVs, manufacturing improvements and the adoption of new technologies to boost global sales.
By Eric Walz , Michael Brady • March 26, 2024 -
Retrieved from Volkswagen Group of America on March 25, 2024
VW plant in Tennessee to hold UAW vote in April
It’s the first nonunion auto plant to hold a United Auto Workers election since the union won major concessions from the Detroit Three automakers last fall, according to the UAW.
By Michael Brady • March 25, 2024
Previous
