Corporate/Finance: Page 14
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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 -
Courtesy of Fisker Inc.
Fisker’s future in doubt after deal with major automaker falls through
The fledgling automaker had reportedly been in talks with Nissan Motor Corp.
By Michael Brady • March 25, 2024 -
Courtesy of Stellantis
Stellantis to lay off 2% of its nonunion US employees
The layoffs are part of long-term cost-cutting efforts and will affect engineering and software roles.
By Eric Walz • March 22, 2024 -
Courtesy of GKN Automotive.
GKN Automotive to shutter North Carolina facility
The closure, part of the auto parts maker's reorganization plan, will impact 247 workers.
By Sara Samora • March 21, 2024 -
Justin Smith/iStock/Getty Images Plus via Getty Images
EPA softens vehicle emissions standards in win for automakers
The final rule steadily tightens the requirements, giving automakers more time to ramp up EV sales.
By Michael Brady • March 20, 2024 -
Ryan Golden/Automotive Dive
SHRM: Most HR pros say women face pay discrimination at work
Managers are often left out of the conversation and don’t receive formal training on pay equity, the organization reports.
By Carolyn Crist • March 19, 2024 -
Justin Sullivan/Getty Images News via Getty Images
Automakers score victory as Energy Department weakens EV mileage rule
The final regulation means vehicle manufacturers will be able to sell more gas-engine vehicles through 2030.
By Michael Brady • March 19, 2024 -
PixelPop via Getty Images
Lack of career development holds back women from leadership, survey says
When women don’t receive the support they need, they are 1.5 times more likely than men to leave their companies to advance in their careers, DDI said.
By Carolyn Crist • March 18, 2024 -
Courtesy of Fisker, Inc.
Fisker to halt production, raise $150M with future in doubt
The potential cash infusion and production stoppage could help the EV startup stay afloat as it seeks a partnership with a major automaker.
By Michael Brady • March 18, 2024 -
Courtesy of Lithium Americas
Biden administration boosts EV supply chain with $2B lithium loan
The money will fund processing facilities at Lithium Americas’ upcoming Nevada project. General Motors has exclusive purchasing rights to all lithium production for up to 15 years.
By Kate Magill • March 18, 2024 -
Courtesy of Mazda North America
Mazda names new design head for North America
Company veteran Jacques Flynn was on the team behind the current generation of MX-5 sports car.
By Michael Brady • March 18, 2024 -
Courtesy of Nissan Motor Corp.
Honda, Nissan consider co-developing EVs, AI
The nonbinding agreement could eventually help the companies catch up in the race to develop and go to market with EVs, as both automakers have fallen behind in recent years.
By Michael Brady • March 15, 2024 -
Courtesy of Continental AG
Continental CFO announces departure
Katja Garcia Vila will continue in the role until the auto supplier hires a replacement.
By Michael Brady • March 15, 2024 -
Jinda Noipho/iStock /Getty Images Plus via Getty Images
New car affordability remains a concern despite falling prices
Average transaction prices were nearly 14% higher last month than in February 2021, a Cox Automotive report found.
By Michael Brady • March 14, 2024 -
Courtesy of Panasonic Energy of North America.
Panasonic Energy, H&T Recharge sign battery can supply deal
The EV battery maker's latest transaction is part of its goal to strengthen its supply chain in North America, the company said.
By Sara Samora • March 14, 2024 -
Courtesy of General Motors
GM hires former Tesla exec as head of manufacturing and sustainability
Jens Peter Clausen led efforts to scale the production of EV propulsion systems at the electric automaker’s Gigafactory 1 in Nevada.
By Eric Walz • March 13, 2024 -
Photo by Ketut Subiyanto from Pexels
Uncertainty reigns as talent leaders grapple with flexibility, AI
A whopping 98% of employers are planning “work design changes” for 2024, Mercer said in its report.
By Caroline Colvin • March 13, 2024 -
Michael M. Santiago / Staff via Getty Images
Report: Employers don’t practice what they preach on skills-based hiring
Fewer than 1 in 700 new hires benefited from businesses dropping degree requirements, the Burning Glass Institute and Harvard Business School estimated.
By Carolyn Crist • March 12, 2024 -
Courtesy of Ford Motor Co.
Ford settles US tariff dodging allegations for $365M
The fine ends a long-running allegation that the automaker skirted a 25% 'chicken tax' on cargo vans assembled in Turkey.
By Michael Brady • March 12, 2024
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