Corporate/Finance: Page 2


  • A press photo of the BrightDrop, Zevo 600 and Zevo 400 electric cargo vans.
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    Courtesy of General Motors
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    GM moves BrightDrop EVs under Chevy brand

    The decision aims to make it more convenient for commercial customers to maintain and service the electric vehicles.

    By Sept. 17, 2024
  • A human hand holding a black block displaying the letter "x"
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    Dan Kitwood via Getty Images
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    Former Hyundai CMO named X’s global head of marketing

    At the automaker, Angela Zepeda was named one the world's most influential people in the role by Forbes.

    By Peter Adams • Sept. 16, 2024
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    Courtesy of Ford Motor Co.
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    Ford Pro CEO to step down

    Ted Cannis, who has led the automaker's most profitable business unit since its founding, is retiring after 35 years.

    By Sept. 16, 2024
  • The black steering wheel in a model year 2010 BMW 3-Series.
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    Courtesy of BMW Group AG
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    BMW lowers guidance amid costly recall, China headwinds

    The automaker says faulty integrated braking systems on 1.5 million vehicles will result in nine-figure warranty costs in Q3.

    By Sept. 16, 2024
  • A light-duty truck is manufactured on an assembly line
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    Courtesy of Stellantis
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    Stellantis invests over $400M in 3 Michigan facilities

    The automaker’s electrification strategy involves retooling several factories to assemble electric vehicles alongside internal combustion engine models.

    By Sept. 11, 2024
  • 2023 Volkswagen ID.4
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    Courtesy of Volkswagen
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    Volkswagen switches exec roles, naming new finance chief

    Patrik Andreas Mayer and David Powels are trading positions as the automaker takes big operating losses in its passenger cars division.

    By Sept. 10, 2024
  • Hyundai Motor Co. CEO and President, Jaehoon Chang, speaks at the company Investor Say event in Seoul, South Korea on Aug 27.
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    Courtesy of Hyundai Motor Co.
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    4 takeaways from Hyundai’s updated long-term strategy

    Extended-range EVs, advanced technologies for hybrid vehicles and new models are in store over the next decade.

    By Sept. 10, 2024
  • The new Chevrolet Blazer EV, Chevrolet Equinox EV and Chevrolet Silverado EV RST placed together for a media photo.
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    Courtesy of General Motors
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    Former Visa CEO joins GM board

    The automaker says Alfred Kelly will be an asset as it looks to unlock growth opportunities in electric and autonomous vehicles.

    By Sept. 9, 2024
  • Uber sign on office building in New York City.
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    Michael M. Santiago via Getty Images
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    Uber taps former Tesla exec to oversee sustainability strategy, shift to EVs

    Rebecca Tinucci will oversee the ride-share giant’s transition to becoming an emissions-free mobility platform by 2040.

    By Zoya Mirza • Sept. 5, 2024
  • A man in a blazer sits at a table
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    Courtesy of Polestar
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    Polestar hires Stellantis exec as next CFO

    Jean-Francois Mady will step into the role as the EV maker faces several challenges, including potential delisting from the Nasdaq stock exchange.

    By Sept. 5, 2024
  • A Porsche vehicle driving down a road
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    Courtesy of Porsche
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    Porsche plans majority takeover of Varta battery unit

    The automaker expects to participate in the reorganization of the manufacturer, whose lithium-ion cells are used in the hybrid Porsche 911 Carrera GTS.

    By Sept. 4, 2024
  • A black 2023 Jeep Grand Wagoneer SUV.
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    Courtesy of Stellantis
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    Stellantis promotes 2 to help lead North America operations

    The automaker has been shaking up its leadership ranks, this time naming a new Jeep head and network development lead for the region.

    By Sept. 4, 2024
  • The 2024 Mazda CX-30 crossover.
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    Courtesy of Mazda North America
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    Mazda promotes Japan exec as North America CFO

    The automaker says Tatsuro Omura will play a key role in steering its financial strategy and operations in the U.S.

    By Sept. 3, 2024
  • Polestar CEO Michael Lohscheller posing with a white Polestar electric vehicle.
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    Courtesy of Polestar
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    Polestar CEO resigns

    The company announced that Michael Lohscheller, who has previously served as CEO of Opel, VinFast and Nikola, will take over as CEO on Oct 1.

    By Aug. 30, 2024
  • A man in a black T-shirt and beige blazer
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    Courtesy of Ford
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    Ford names new design head

    Todd Willing, who has been with the automaker for over two decades, now leads design for Ford and Lincoln vehicles worldwide.

    By Aug. 29, 2024
  • A corporate phot of Sean Gilpin, Hyundai Motor America's newly appointed chief marketing officer.
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    Courtesy of Hyundai Motor America
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    Hyundai Motor America names chief marketing officer

    Sean Gilpin will also retain his responsibilities as VP of global sales and marketing for Hyundai Motor Co.

    By Aug. 28, 2024
  • The Tesla Model Y traveling on a highway.
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    Courtesy of Tesla Inc.
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    Longtime Tesla finance VP bids farewell

    Eleven-year veteran Sreela Venkataratnam resigned, writing in a LinkedIn post that the company is “not for the faint of heart.”

    By Aug. 26, 2024
  • A row of Ford F-150 Lighting pickups parked inside the automaker's Rouge Electric Vehicle Center in Michigan.
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    Courtesy of Ford Motor Co.
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    Ford scraps electric SUV plans, delays next-generation truck

    The automaker is taking a $400 million hit as it shifts its electrification strategy yet again.

    By Aug. 21, 2024
  • A man wearing glasses in a suit
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    Courtesy of Stellantis
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    Stellantis taps Rivian exec to lead North American manufacturing

    Tim Fallon will step into the role on Sept. 2, after leading the EV startup’s manufacturing for more than two years.

    By Aug. 21, 2024
  • A close up view of the steering wheel and infotainment screen in the 2024 Chevrolet Blazer EV SS.
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    Courtesy of General Motors
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    GM to lay off 1,000 from its software and services unit

    The job cuts impact around 600 salaried employees at the automaker’s Warren Tech Center in Michigan and another 400 globally.

    By Aug. 20, 2024
  • The exterior of an automotive manufacturing plant
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    Courtesy of Stellantis
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    UAW threatens Stellantis with nationwide strike

    The labor union said “tens of thousands” of workers are ready to file grievances over the company’s failure to keep product and investment commitments.

    By Aug. 20, 2024
  • The Federal Reserve building at sunset.
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    Douglas Rissing via Getty Images
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    Inflation slows to three-year low, clearing way for Fed rate cut

    The central bank at a meeting next month will likely weigh cooling inflation against signs that the labor market is loosening up.

    By Jim Tyson • Aug. 19, 2024
  • A Rivian R1S vehicle driving in an urban setting
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    Courtesy of Rivian
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    Rivian chief communications officer departs

    Sarah O'Brien, the third senior executive to depart the EV maker this summer, had been with the company for just over a year.

    By Aug. 19, 2024
  • SAIC-GM-Wuling's Wuling Xing Chi small SUV in China
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    Courtesy of Wuling
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    GM CEO Mary Barra: China market is a ‘race to the bottom’

    The automaker reported a $104 million loss in the market during Q2 as deliveries continue to fall.

    By Aug. 16, 2024
  • GlobalFoundries employees stand in a clean room inside a fabrication plant.
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    Courtesy of GlobalFoundries
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    GlobalFoundries auto revenue rebounds in Q2

    The chipmaker expects "meaningful" year-over-year growth in the segment as demand improves.

    By Kate Magill • Aug. 12, 2024