Corporate/Finance
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Sarah Rice via Getty Images
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 Eric Walz • May 10, 2024 -
Courtesy of Rivian Automotive
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 Haley Cawthon • May 10, 2024 -
FG Trade via Getty Images
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 -
Douglas Rissing via Getty Images
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 -
Justin Sullivan via Getty Images
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 -
Courtesy of Volvo Cars
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 Eric Walz • May 6, 2024 -
Courtesy of Fisker, Inc.
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 -
Courtesy of Volkswagen Group
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 Eric Walz • May 3, 2024 -
Drew Angerer via Getty Images
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 Haley Cawthon • May 2, 2024 -
Anna Moneymaker via Getty Images
GM CEO’s compensation falls 4%
Mary Barra is no longer the highest-paid executive among the Detroit Three automakers.
By Haley Cawthon • April 29, 2024 -
Courtesy of Honda Motor Co.
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 Eric Walz • April 25, 2024 -
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
