Corporate/Finance: Page 9
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Courtesy of Volvo Cars
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 Haley Cawthon • July 19, 2024 -
Courtesy of Ford Motor Co.
Ford investing $3B to expand Super Duty F-Series production
The automaker aims to boost initial output by 100,000 vehicles a year.
By Eric Walz • July 18, 2024 -
gorodenkoff via Getty Images
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 -
Courtesy of Vinfast.
VinFast pushes back North Carolina factory timeline
The EV startup says production is now expected to begin in 2028.
By Haley Cawthon • July 17, 2024 -
Permission granted by Advance Auto Parts
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 -
Bill Pugliano via Getty Images
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 -
Courtesy of Polestar
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 Haley Cawthon • July 15, 2024 -
Courtesy of Rivian
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 Haley Cawthon • July 11, 2024 -
Courtesy of ZF Group
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 Eric Walz • July 9, 2024 -
Mario Tama/Staff/Getty Images News via Getty Images
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 -
Justin Sullivan via Getty Images
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 -
Bilanol/iStock/Getty Images Plus via Getty Images
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 -
Courtesy of BMW of North America
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 Eric Walz • July 2, 2024 -
Courtesy of Porsche AG
Porsche Cars North America names new COO
John Capella is joining from Porsche Cars Canada, and replacing longtime executive Joe Lawrence.
By Eric Walz • July 1, 2024 -
Courtesy of Cruise LLC
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 Eric Walz • June 27, 2024 -
Apu Gomes via Getty Images
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 -
Scott Olson via Getty Images
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 Haley Cawthon • June 25, 2024 -
Courtesy of Rivian Automotive
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 Haley Cawthon • June 25, 2024 -
Courtesy of Kia America, Inc.
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 -
Courtesy of Ford Motor Co.
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 -
Courtesy of Fisker Inc.
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 -
Apu Gomes via Getty Images
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 -
Carl Court via Getty Images
TrackerTracking US auto sales by month
Honda, Hyundai and Kia set all-time sales records in March, while Volvo tumbled.
Updated April 16, 2025 -
Courtesy of Tesla Inc.
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
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