Corporate/Finance: Page 7


  • Three 2023 Fisker Ocean SUVs parked side by side.
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    Courtesy of Fisker Inc.
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    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 March 25, 2024
  • A  fully electric 2024 Fiat 500e painted red on the road with palm tress in the background in media photo provided by Stellantis.
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    Courtesy of Stellantis
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    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 March 22, 2024
  • People in blue shirts and protective gear working in a factory line.
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    Courtesy of GKN Automotive.

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    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
  • A vehicle's tailpipe emitting exhaust.
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    Justin Smith/iStock/Getty Images Plus via Getty Images
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    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 March 20, 2024
  • SHRM logo commemorates 75th anniversary
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    Ryan Golden/Automotive Dive
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    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
  • An electric car charges at a mall parking lot.
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    Justin Sullivan/Getty Images News via Getty Images
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    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 March 19, 2024
  • 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
  • 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
  • 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
  • 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
  • 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