Corporate/Finance: Page 2


  • Businesswoman walking up the stairs to the door to achieve success, goal and career growth.
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    PixelPop via Getty Images
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    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
  • The Fisker Ocean electric SUV.
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    Courtesy of Fisker, Inc.
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    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 March 18, 2024
  • A landscape photo of the Thacker Pass land being developed by Lithium Americas in Nevada.
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    Courtesy of Lithium Americas
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    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
  • A 2024 Mazda MX-5 driving on a public road.
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    Courtesy of Mazda North America
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    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 March 18, 2024
  • Nissan Motor Corp. President and CEO Makoto Uchida and Toshihiro Mibe, director, president and representative executive officer at Honda Motor Co., speak at a press conference.
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    Courtesy of Nissan Motor Corp.
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    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 March 15, 2024
  • A Continental branded tire.
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    Courtesy of Continental AG
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    Continental CFO announces departure

    Katja Garcia Vila will continue in the role until the auto supplier hires a replacement.

    By March 15, 2024
  • A sales manager explains the financial terms of purchasing a vehicle.
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    Jinda Noipho/iStock /Getty Images Plus via Getty Images
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    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 March 14, 2024
  • Rows of silver batteries on a flat surface.
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    Courtesy of Panasonic Energy of North America.

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    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
  • Gerald Johnson and UAW Vice President Mike Booth shake hands at GM's Arlington Assembly plant in June 2023.
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    Courtesy of General Motors
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    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 March 13, 2024
  • An Indian man works from home on a laptop
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    Photo by Ketut Subiyanto from Pexels

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    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
  • Individuals look at an Apple Vision Pro headset.
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    Michael M. Santiago / Staff via Getty Images
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    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
  • A construction worker accesses the rear of a 2021 Ford Transit Connect.
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    Courtesy of Ford Motor Co.
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    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 March 12, 2024
  • Stellantis CEO Carlos Tavares and the automaker's South America COO Emanuele Cappellano pictured together in a press photo.
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    Courtesy of Stellantis
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    Stellantis invests 5.6B euros in South America

    The automaker plans to launch more than 40 new products through 2030, including vehicles powered by “Bio-Hybrid” powertrain technologies.

    By March 11, 2024
  • A man in glasses in front of a white car and a screen on stage.
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    Phillip Faraone for Rivian via Getty Images
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    Rivian halts construction on $5B Georgia EV facility

    The electric vehicle maker plans to produce its R2 model at its Illinois facility instead, starting in the first half of 2026.

    By Sara Samora • March 8, 2024
  • 2024 Cadillac Lyriq interior.
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    Courtesy of General Motors
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    GM, Magna and Wipro to create automotive software marketplace

    The platform, dubbed SDVerse, aims to match buyers and sellers of embedded automotive software for software-defined vehicles.

    By March 8, 2024
  • A white Ram ProMaster electric cargo van parked in front of a service facility.
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    Courtesy of Stellantis
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    Stellantis launches ‘Ram Professional’ commercial unit in North America

    It's part of the automaker’s effort to boost recurring revenue.

    By March 8, 2024
  • A Nikola hydrogen fuell cell electric vehicle (right) next to another truck.
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    Courtesy of Nikola
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    Nikola delivers its first fuel cell electric trucks

    The OEM delivered 35 in Q4 — and could have done more if not for supplier part constraints, CEO Steve Girsky said.

    By David Taube • March 8, 2024
  • An automotive technician performs work in the engine bay of a vehicle.
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    Courtesy of Ford Motor Co.
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    Ford, dealers offer $2M in automotive technician scholarships

    The auto industry is facing a shortage of techs, with over 400,000 needed by 2027, according to the automaker.

    By March 7, 2024
  • Scout Motors held ground breaking ceremony on its $2 billion EV plant in Blythewood, South Carolina.
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    Courtesy of Scout Motors
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    Scout Motors breaks ground on $2B EV plant after environmental delays

    The automotive company plans to finish its South Carolina facility in 2026 after pausing construction in the fall of 2023.

    By Sebastian Obando • March 6, 2024
  • A white Ram ProMaster electric cargo van with its right side door open.
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    Courtesy of Stellantis
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    Stellantis made over $200B off its Pro One commercial vehicles business in 2023

    The automaker’s Ram brand reached 20% market share in North America’s commercial van segment.

    By March 6, 2024
  • A 2024 Toyota Prius Limited driving.
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    Courtesy of Toyota Motor North America
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    Toyota to buy EV battery company, ending venture with Panasonic

    The automaker expects Primearth EV Energy Co. to help it respond to changes in demand for electrified vehicles.

    By March 6, 2024
  • A white building surrounded by construction.
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    Courtesy of Hyundai Motor Group.

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    Hyundai moves up Georgia EV factory timeline

    The new plant will now begin production in Q4 of this year, months earlier than expected.

    By Sara Samora • March 5, 2024
  • Lordstown Motors CEO Steve Burns standing next to the company's Endurance pickup.
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    Courtesy of Lordstown Motors
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    SEC charges Lordstown Motors with misleading investors on sales outlook

    The defunct EV startup allegedly made false or misleading statements about pre-orders, parts access and delivery timelines, according to the U.S. Securities and Exchange Commission.

    By Jim Tyson • March 5, 2024
  • 2024 Honda CR-V Sport Touring.
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    Courtesy of American Honda Motor Co.
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    Honda, Hyundai, Mazda and Subaru saw US sales rise in February

    Only Kia's sales dropped, its third consecutive month of falling numbers.

    By March 4, 2024
  • A white Xpeng G9 electric SUV plugged in for charging.
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    Courtesy of Xpeng Inc.
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    China’s Xpeng, Volkswagen Group to co-develop EVs

    The automakers will jointly develop and source common parts for two China-specific midsize EVs.

    By March 4, 2024