Corporate/Finance: Page 3


  • Part of silver car engine close up.
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    zenstock/iStock via Getty Images
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    GHSP adds VP to stabilize auto supply chain

    Ludwing Vergara outlined a four-pronged approach that includes improved cost modeling and closer stakeholder collaboration. 

    By S.L. Fuller • July 26, 2024
  • A Ford F-150 Lightning electric pickup on the road.
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    Courtesy of Ford Motor Co.
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    Ford EV losses mount, weighing on profits

    The automaker has lost $2.5 billion on electric vehicles so far in 2024.

    By July 25, 2024
  • A red Tesla Model 3 and blue Model Y with a city skyline in the background.
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    Courtesy of Tesla Inc.
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    Telsa Q2 profits sink 45% as deliveries decline again

    The electric vehicle maker delivered 22,184 fewer vehicles year over year during the quarter.

    By July 25, 2024
  • UnitedHealth Group CEO Andrew Witty
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    Kent Nishimura/Getty Images via Getty Images
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    What does your CEO need to know about cybersecurity?

    CEOs don’t necessarily have to become experts in the technical aspects of cybersecurity to be prepared in case of an attack or — hopefully — stop one before it starts.

    By Jen A. Miller • July 25, 2024
  • An range and white Chevy Bolt EV robotaxi operated by Cruise crosses an intersection San Francisco.
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    Courtesy of Cruise LLC
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    GM shifts AV plans from Cruise Origin to Chevy Bolt

    CEO Mary Barra said the move will allow the company to deliver autonomous vehicle technology at scale as quickly as possible.

    By July 24, 2024
  • Lincoln Nautilus vehicles on a showroom floor
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    Scott Olson via Getty Images
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    New vehicle affordability fell in June: report

    Still, rising household income and lower interest rates helped keep new cars more affordable than this time last year, according to a Cox Automotive and Moody’s Analytics analysis.

    By Kalena Thomhave • July 24, 2024
  • A charging Volvo EX30 small SUV
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    Courtesy of Volvo Cars
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    Volvo warns of short-term EV uncertainties

    In its Q2 2024 earnings report, the automaker cautioned that its electric vehicle transition will not be a linear one.

    By July 19, 2024
  • The front grill showing a Ford badge on a dark blue 2022 Ford F- Series Super Duty pickup truck.
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    Courtesy of Ford Motor Co.
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    Ford investing $3B to expand Super Duty F-Series production

    The automaker aims to boost initial output by 100,000 vehicles a year.

    By July 18, 2024
  • funding contest open only to Black women is likely discriminatory, says 11th Circuit
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    gorodenkoff via Getty Images
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    Managers have a hard job — and it’s only getting tougher, survey says

    Luckily for employers and employees alike, coaching can have “cascading benefits,” business consulting firm Perceptyx said.

    By Kathryn Moody • July 18, 2024
  • A rendering of a silver building with the Vinfast logo on a baby blue background, with a parking lot in front of it.
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    Courtesy of Vinfast.

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    VinFast pushes back North Carolina factory timeline

    The EV startup says production is now expected to begin in 2028.

    By July 17, 2024
  • Advance Auto Parts distribution center in Kutztown, Pennsylvania
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    Permission granted by Advance Auto Parts
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    Snowflake-linked attack on Advance Auto Parts exposes 2.3 million people

    One of the few customers to publicly link Snowflake to a third-party intrusion said its database was breached for 40 days.

    By Matt Kapko • July 16, 2024
  • Silver Chevy Volt electric vehicles and Opel Amperas come off an assembly line.
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    Bill Pugliano via Getty Images
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    GM shareholders deny 3 ethical supply chain proposals

    Responding to the proposals, the automaker defended its existing practices for supplier agreements and operational policies.

    By Kelly Stroh • July 15, 2024
  • A newly built Polestar 3 SUV painted white at Geely's production facility in China.
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    Courtesy of Polestar
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    EV maker Polestar risks Nasdaq delisting

    The company has until Jan. 2 to regain compliance by maintaining the stock market's $1 minimum bid price requirement for at least 10 days.

    By July 15, 2024
  • A Rivian R1S vehicle driving in an urban setting
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    Courtesy of Rivian
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    Rivian chief accounting officer to step down

    Jeffrey Baker will resign later this month to pursue another opportunity, the electric vehicle maker disclosed in a securities filing.

    By July 11, 2024
  • Mamatha Chamarthi delivers a closing keynote at a media event in Nov. 2018.
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    Courtesy of ZF Group
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    Stellantis’ chief software business officer departs

    The move is the latest in a number of high-profile executive exits from the automaker this year.

    By July 9, 2024
  • Car dealership.
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    Mario Tama/Staff/Getty Images News via Getty Images
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    Sonic Automotive’s sales dip as CDK cyberattack causes material impact

    The company reported ongoing service disruptions and said vehicle sales declined after an attack on a third-party vendor.

    By Matt Kapko • July 8, 2024
  • The GM logo
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    Justin Sullivan via Getty Images
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    GM subsidiary withdraws ILC charter application

    If the application had been approved, it would have marked a return to the industrial loan company format for the automaker.

    By Rajashree Chakravarty • July 8, 2024
  • New cars parked at a dealership.
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    Bilanol/iStock/Getty Images Plus via Getty Images
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    CDK eyes service restoration for all car dealers by Fourth of July

     A systemwide outage following a cyberattack has impacted more than 15,000 car dealers since June 19.

    By Matt Kapko • July 2, 2024
  • The exterior of BMW of North America's headquarters in Woodcliff Lake, NJ.
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    Courtesy of BMW of North America
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    BMW of North America names new CFO

    Andreas Kindler is replacing Raymond Wittmann, who is relocating to Munich to lead the automaker’s corporate strategy division.

    By July 2, 2024
  • Pictured is John Cappella wearing a dark colored suit with a Porsche vehicle in the background. He was named Executive Vice President and Chief Operating Officer of Porsche North America.
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    Courtesy of Porsche AG
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    Porsche Cars North America names new COO

    John Capella is joining from Porsche Cars Canada, and replacing longtime executive Joe Lawrence.

    By July 1, 2024
  • Marc Whitten smiles in a media photo taken outdoors with trees in the background.
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    Courtesy of Cruise LLC
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    GM names Marc Whitten CEO of Cruise

    The new chief will take over the robotaxi company as it prepares to restart operations after a months-long suspension and series of executive shake-ups.

    By June 27, 2024
  • Tesla co-founder Elon Musk speaks at the Milken Institute's Global Conference May 6, 2024 in Beverly Hills, Calif.
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    Apu Gomes via Getty Images
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    Tesla heads back to court still hoping to pay CEO Elon Musk billions

    The EV maker is hoping that a second shareholder approval of Musk’s record compensation package will influence a Delaware court.

    By Justin Bachman • June 27, 2024
  • Stellantis signage with Ram trucks in the background
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    Scott Olson via Getty Images
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    Stellantis looks to new leaders for North American comeback

    Jeep, Dodge and Ram have new leaders after a series of high-profile departures from the automaker.

    By June 25, 2024
  • Three 2022 Rivian R1T electric pickups driving.
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    Courtesy of Rivian Automotive
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    Volkswagen invests $1B in Rivian with plans for a joint venture

    The new, equally-controlled business will focus on developing a next-generation electrical/electronic architecture for EVs.

    By June 25, 2024
  • The charging port on a red Kia EV6 GT.
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    Courtesy of Kia America, Inc.
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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 June 21, 2024