Corporate/Finance: Page 2
-
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 -
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
Previous
