Stellantis Chief Financial Officer Richard Palmer, a holdover from the company’s pre-merger days as Fiat Chrysler Automobiles, will leave his post at the end of June. The company, which owns the Jeep, Ram, Chrysler, Dodge and Fiat brands, announced on Wednesday that his replacement would be Natalie Knight, who is currently chief financial officer of… Continue reading Stellantis names new chief financial officer
Tag: Strategy
Volkswagen Will Invest $193 Billion in Electric Cars and Software
Volkswagen said on Tuesday that it would spend $193 billion on software, battery factories and other investments as it aimed to make every fifth vehicle it sold electric by 2025. The automaker, the world’s second biggest after Toyota, will also focus on expanding its presence in North America, where it has struggled for years, and… Continue reading Volkswagen Will Invest $193 Billion in Electric Cars and Software
Formula 1’s Many Changes at the Top
Formula 1’s off-season was unusual. It is natural for drivers to swap teams, and several indeed did, but for several team principals and senior executives to move around is rare. But before the season started, there were major changes. Mattia Binotto resigned from Ferrari and was replaced by Frédéric Vasseur, who had been the team… Continue reading Formula 1’s Many Changes at the Top
Autotech Ventures’ new $230M mobility fund adds fintech, circular economy to its investment strategy
Autotech Ventures will use its newly closed $230 million fund to expand beyond its foundation of early-stage ground transportation startups and invest in what the firm believes are the next big opportunities in automotive and mobility. Fintech, logistics, supply chain and the circular economy are at the top of the list. The $230 million fund,… Continue reading Autotech Ventures’ new $230M mobility fund adds fintech, circular economy to its investment strategy
WHISTLER BLACKCOMB NAMES BELINDA TREMBATH AS CHIEF OPERATING OFFICER
Trembath to lead North America’s largest ski resort; brings more than 30 years of ski industry and mountain operations experience WHISTLER, BC, April 20, 2023 /PRNewswire/ — Whistler Blackcomb, the largest ski resort in North America located in the Canadian province of British Columbia, has announced the appointment of Belinda Trembath as its new Vice… Continue reading WHISTLER BLACKCOMB NAMES BELINDA TREMBATH AS CHIEF OPERATING OFFICER
Tesla (TSLA) crashes despite strong earnings; is the credibility going away?
Tesla’s stock (TSLA) crashed 7% today following earnings that actually met expectations. So what is the problem? Is Tesla losing its credibility? Yesterday, Tesla released its Q1 2023 financial results and met earnings expectations of $0.85 per share and even surprised many by maintaining an automotive gross margin over 19% despite significant price cuts during the… Continue reading Tesla (TSLA) crashes despite strong earnings; is the credibility going away?
NVIDIA Announces Partners of the Year in Europe, Middle East
NVIDIA today recognized a dozen partners for their work helping customers in Europe, the Middle East and Africa harness the power of AI across industries. At a virtual EMEA Partner Day event, which was hosted by the NVIDIA Partner Network (NPN) and drew more than 750 registrants, Partner of the Year awards were given to… Continue reading NVIDIA Announces Partners of the Year in Europe, Middle East
Traffic deaths down slightly in 2022 but still a ‘crisis’
Detroit — The number of people killed on U.S. roadways decreased slightly last year, but government officials said the 42,795 people who died is still a national crisis. Estimates by the National Highway Traffic Safety Administration showed that the number of fatalities dropped 0.3% from the 42,939 killed in 2021. Traffic deaths declined slightly in… Continue reading Traffic deaths down slightly in 2022 but still a ‘crisis’
Michigan lawmakers sign off on $175 million for Gotion development
Lansing — A single vote made the difference Thursday and provided Michigan lawmakers’ final approval of $175 million in incentives for Gotion Inc.’s much-debated electric vehicle battery plant near Big Rapids. The Senate Appropriations Committee voted 10-9 to approve the transfer of state tax dollars, allowing state officials to move forward with spending the money… Continue reading Michigan lawmakers sign off on $175 million for Gotion development
Valeo highlights importance of Chinese market with latest products
French auto supplier Valeo showcases its latest technologies for smarter, safer and greener mobility at the 2023 Shanghai auto show. [Photo provided to chinadaily.com.cn] Valeo, a century-old French auto supplier, is showcasing its latest technologies for smarter, safer and greener mobility at the ongoing Shanghai auto show. The exhibited products include high-efficiency electric motors, intelligent… Continue reading Valeo highlights importance of Chinese market with latest products