#CorporateReorganization
From Snapchat Parent to Tesla: Automaker Gains New VP of Engineering
As Tesla’s upper ranks shed members like a bad tennis club, a new executive is poised to tackle the automaker’s engineering portfolio.
Stuart Bowers, formerly the vice president of monetization engineering for social media platform Snapchat’s parent company, Snap, will soon don the title of VP of engineering at Tesla. That’s good news for Tesla CEO Elon Musk, who recently lost — perhaps temporarily — his senior VP of engineering.
Former Product Chief Nair to Head Ford North America; Armstrong Moves Up
After Monday’s corporate shakeup at Ford Motor Company, which saw former CEO Mark Fields replaced with Jim Hackett and the elevation of Joe Hinrichs and Jim Farley up company ranks, the automaker has announced more appointments.
To fill the job left by Hindrichs, who moved from president of Ford North America to head of global operations, Ford has named its product development boss and chief technical officer as a successor. Raj Nair, 52, will officially take on the role June 1st, reporting to Farley, Ford’s new head of global markets.
Below Nair, a slew of changes are afoot.
Nissan Wants to Take Control of Mitsubishi Motors: Report
Nissan Motor Company wants to buy a controlling stake in Mitsubishi Motors, according to a report by the Japanese broadcaster NHK.
The deal would see Nissan invest 200 billion yen ($1.84 billion) into the scandal-plagued automaker, giving Nissan control, Bloomberg reports.
TrueCar Employees Hit With Layoffs Amid Revamp
When TrueCar president and CEO Chip Perry announced a revamp of the car-shopping site, he failed to mention one big change: layoffs.
According to a source and confirmed by TrueCar, an undisclosed number of the company’s employees — mostly located at its headquarters in Santa Monica — received layoff notices yesterday.
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