Corporate/Finance: Page 7
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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 -
Courtesy of Mazda North America
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 Michael Brady • March 18, 2024 -
Courtesy of Nissan Motor Corp.
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 Michael Brady • March 15, 2024 -
Courtesy of Continental AG
Continental CFO announces departure
Katja Garcia Vila will continue in the role until the auto supplier hires a replacement.
By Michael Brady • March 15, 2024 -
Jinda Noipho/iStock /Getty Images Plus via Getty Images
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 Michael Brady • March 14, 2024 -
Courtesy of Panasonic Energy of North America.
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 -
Courtesy of General Motors
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 Eric Walz • March 13, 2024 -
Photo by Ketut Subiyanto from Pexels
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 -
Michael M. Santiago / Staff via Getty Images
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 -
Courtesy of Ford Motor Co.
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 Michael Brady • March 12, 2024 -
Courtesy of Stellantis
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 Eric Walz • March 11, 2024 -
Phillip Faraone for Rivian via Getty Images
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 -
Courtesy of Nikola
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 -
Courtesy of Stellantis
Stellantis launches ‘Ram Professional’ commercial unit in North America
It's part of the automaker’s effort to boost recurring revenue.
By Eric Walz • March 8, 2024 -
Courtesy of General Motors
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 Michael Brady • March 8, 2024 -
Courtesy of Ford Motor Co.
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 Eric Walz • March 7, 2024 -
Courtesy of Scout Motors
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
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