Corporate/Finance: Page 2
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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 -
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 -
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 Haley Cawthon • June 18, 2024 -
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 Haley Cawthon • June 14, 2024 -
Tracker
Tracking US auto sales by month
June sales were down for the vast majority of automakers in the wake of the CDK cyberattack.
Updated July 10, 2024 -
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 -
Courtesy of American Honda Motor.
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 Haley Cawthon • June 12, 2024 -
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 Eric Walz • June 12, 2024 -
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 -
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 Eric Walz • June 5, 2024 -
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 -
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 Eric Walz • May 31, 2024 -
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 -
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 -
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 Haley Cawthon • May 24, 2024 -
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 -
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 Haley Cawthon • May 22, 2024 -
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 Eric Walz • May 20, 2024 -
Retrieved from Phillips 66 press release.
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 -
Inside Honda’s updated multibillion-dollar electrification strategy
The massive investments will be used to establish a comprehensive electric vehicle value chain.
By Eric Walz • May 16, 2024 -
Mercedes-Benz Q1 profits down nearly 30%
The automaker attributed lower volumes to product transitions and supply chain bottlenecks.
By Haley Cawthon • May 16, 2024 -
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 Eric Walz • May 15, 2024 -
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 -
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 Haley Cawthon • May 13, 2024 -
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 Eric Walz • May 13, 2024