Porsche"s finance chief says advantages of IPO have been laid out
Lutz Meschke has been arguing for a listing of Porsche since 2018 and has previously commented on how Ferrari benefited from being spun off by Fiat Chrysler......»»
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......»»
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......»»
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......»»
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......»»
Aston Martin renews private-label captive finance deal with Chase Auto
Aston Martin will continue to use Chase Auto as the private-label lender behind the captive finance company Aston Martin Financial Services following a renewal of their partnership announced Aug. 13......»»
Scientists propose gliding arc discharge plasma seawater sterilization technology for mariculture
Atmospheric pressure plasma technology has demonstrated vast potential in microbial inactivation due to its unique advantages, including no chemical residue, environmental friendliness, high treatment efficiency, low energy consumption and ease of us.....»»
Elon Musk says SpaceX’s Polaris Dawn mission will be ‘epic.’ Here’s why
SpaceX chief Elon Musk said on Sunday that the upcoming Polaris Dawn mission involving four non-professional astronauts will be "epic.".....»»
Crime blotter: Two arrested after iPhone theft, tracked across New England
In Apple-related crime, an iPhone lock screen photo leads to an arrest, a man stole phones to finance a vacation, and a tossed iPhone leads to domestic violence charges.Man in handcuffs (Source: Pixabay)A pair of thieves were arrested in Connecticut.....»»
Foxconn chief dodges accusation of discrimination in India hiring practices
Following reports of married women being specifically excluded from jobs at Foxconn's India iPhone facilities, the company's chairman has said that the company does have married women as employees — but didn't specifically dispute accusations over.....»»
Sonos needs a new CEO
Let’s just come out and say what everyone is thinking, and more than a few are saying: Sonos needs a new chief executive officer......»»
Headrests remain top problem for drivers for fifth consecutive year, J.D. Power finds
The study also found that Chevrolet dominated seat comfort and quality for mass-market vehicles, ranking in the top three for all segments except compact cars. For premium vehicles, Porsche vehicles held two of the top three spots for both cars and S.....»»