Audi appoints former Porsche exec as finance chief
Juergen Rittersberger replaces Arno Antlitz, who is moving to become the chief financial officer at parent Volkswagen Group......»»
AI company Midjourney teases hardware product in a new form factor
It hired a hardware chief who previously worked on Apple Vision Pro. Responding to this meme image of a wizard with an orb from the I.C.E. book Middle-earth: Valar and Maiar, Midjourney's founder joked that the new hardware form.....»»
AI image-generation company Midjourney says it’s “getting into hardware”
It hired a hardware chief who previously worked on Apple Vision Pro. Responding to this meme image of a wizard with an orb from the I.C.E. book Middle-earth: Valar and Maiar, Midjourney's founder joked that the new hardware form.....»»
F&I revenue still possible as leasing returns
As leasing grows across the country, car dealership finance managers might have a harder time hitting the kind of F&I gross profit per vehicle seen during the inventory shortage. But there's still an opportunity for the finance and insurance office,.....»»
Ineos Automotive shuffles exec roles after key departures
Two Ineos Automotive executives have been given new roles within the young automaker......»»
Public dealerships" F&I gross profits fall in Q2 but most above $2,000 a vehicle
AutoNation, Lithia, Group 1, Sonic and Asbury all had same-store finance and insurance gross profit per vehicle above $2,000 in the second quarter......»»
Apple is replaying its Jony Ive trick to manage Maestri’s departure
Apple yesterday announced Luca Maestri’s upcoming departure from his long-held role as the company’s chief financial officer (CFO), with the relatively unknown Kevan Parekh replacing him. It’s no coincidence that Apple made the announcement.....»»
Apple shuffles CFOs for the first time in a decade
Changes to the C-suite at Apple are quite rare. Enlarge / A building at Apple Park, the company's Cupertino, California, HQ. (credit: Apple) Apple has announced a major change on its leadership team: Longtime Chief Finan.....»»
CDK Global outage highlights gaps in finance office preparation
Finance managers had to adapt with no notice or preparation, and many came out of the experience with important lessons learned......»»
Ford promotes EV design chief Todd Willing to global head of design
Ford tapped a 21-year veteran with global experience who led exterior design of the 2017 GT supercar to replace the recently departed Anthony Lo......»»
Lithia"s captive finance company Driveway Finance turned a Q2 profit
Lithia Motors Q2 2024 earnings: After just a few years of operation, Lithia's relaunched captive finance car loan company Driveway Finance Corp. turned a profit during the second quarter and was on track to stay that way......»»
Hyundai Motor America marketing exec Angela Zepeda exits after losing CMO title
The company promoted Sean Gilpin into the role less than a month after giving him some of Zepeda’s duties related to performance marketing......»»
Apple announces CFO transition coming next year, names Luca Maestri successor
Apple has announced a major change for its executive team. The company’s current CFO (Chief Financial Officer), Luca Maestri, will transition out of his role after the end of 2024. more….....»»
GM captive finance company withdraws application to create a bank
The captive finance arm of General Motors applied to charter a type of bank called an Industrial Loan Company in late 2020......»»
Meta cancels its headset rival to Apple Vision Pro
Meta's chief technology officer has all but confirmed reports that the company is abandoning its plan to take on the Apple Vision Pro with a similarly powerful device.Meta Quest ProRight before the announcement of the Apple Vision Pro, Meta "leaked".....»»
Tesla VP of finance exits: EV maker ‘not for the faint of heart"
Sreela Venkataratnam is the fourth executive to depart in five months, and Tesla has several challenges to overcome before the end of the year......»»
How a former BMW exec"s advice helped shape a driver-assist specialist"s focus
Provizio CEO Barry Lunn was told early on that cost was king in the automotive sector, which inspired him to try to make advanced driver-assistance systems affordable for every vehicle......»»
Xbox chief explains why Indiana Jones is coming to PS5: industry facing lots of pressure
After claiming that Indiana Jones and the Great Circle wouldn't go multiplatform, Xbox's Phil Spencer explains why it's now coming to PS5 next year......»»
How a former BMW exec"s advice helped shape an ADAS specialist"s focus
Provizio CEO Barry Lunn was told early on that cost was king in the automotive sector, which inspired him to try to make advanced driver assistance systems affordable for every vehicle......»»
Tim Fallon becomes Stellantis" North America manufacturing chief after 2 years at Rivian
Fallon will bring EV manufacturing expertise to Stellantis at a time when the automaker is preparing to launch several electric vehicles......»»
Coming through wildfire: Professor"s campus is a living lab
Flames surrounded West Kelowna Fire Chief Jason Brolund's crews. Firefighters had dug in to protect the $75-million Rose Valley Water Treatment Plant from the 2023 McDougall Creek wildfire......»»