General Motors CFO Resigns, Lured Away by E-Commerce Boom Opportunity

Dhivya Suryadevara, General Motors’ chief financial officer, is on the way out. After helping the automaker weather its worst storm since the 2008 recession and concurrent bankruptcy, Suryadevara announced her resignation Tuesday, effective August 15th. She’s leaving for a non-automotive position at Stripe, a San Francisco-based financial services and software company.

GM’s first female finance boss, Suryadevara took on the role in 2018, but the pandemic that rocked the auto industry this year also created new opportunities elsewhere.

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No U-Turns in Ford's Future, Farley Says

After being named as Ford’s next CEO, the automaker’s current chief operating officer, Jim Farley, says the company is on the proper course, with no need to reverse the tech-driven direction taken under the outgoing Jim Hackett.

Speaking to Reuters, Farley said the hunt for new revenue streams in a rapidly evolving technological landscape will continue.

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BREAKING: Ford CEO Jim Hackett to Retire; Farley Tapped As New Boss

A bombshell just landed from Ford, as the automaker announced the impending retirement of CEO Jim Hackett and his replacement by Chief Operating Officer Jim Farley, effective October 1st.

Ford said Tuesday that Hackett, 65, whose tenure has been the subject of much speculation and criticism as the company navigates wildly turbulent waters, “elected” to retire. He replaced the ousted Mark Fields in 2017. In his place rises Farley, who also joins the company’s board of directors.

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Carlisle Jumps From Cadillac Prez to GM North America Boss

Cadillac President Steve Carlisle just got a promotion. Following the announced departure of General Motors North America President Barry Engle, GM tapped the 58-year-old Canadian for the spot.

Arriving at Cadillac in 2018 after the ouster of former brand boss Johan de Nysschen, Carlisle has overseen the introduction of new product and the development of the first of Cadillac’s future range of electric vehicles. It’s a direction GM’s pursuing heavily across all brands, making Carlisle an obvious pick for Engle’s job.

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Moving Day: Volkswagen Brand Gets a New Boss

Forget all about that Porsche dude. The current CEO of Volkswagen Group’s sporting car brand will not become the new head of the automaker’s namesake brand. Instead, a supervisory board meeting Monday saw Herbert Diess punted, replaced by the brand’s former chief operating officer.

Come July 1st, Ralf Brandstätter will take the helm, tasked with guiding the brand through troubled water and into an electrified future.

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Aston Martin Boss Shown the Door; New One Opens for Mercedes-AMG CEO

A cross-Channel coup of sorts has seen Aston Martin CEO Andy Palmer replaced by Mercedes-AMG CEO Tobias Moers in a move made official by the British luxury performance brand Tuesday morning.

Head of Aston since 2014, Palmer’s ouster reportedly came after the recently listed automaker’s stock price plummeted through the end of 2019, with the coronavirus pandemic only adding to its downward momentum — a trajectory shared in the first quarter of 2020 by the company’s sales and revenue.

Will Moers be able to cultivate some AMG-like magic in British soil?

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Hertz Taps New CEO to Guide Its Way Out of a Viral Mess

Rental car giant Hertz, which recently struck a deal with creditors amid debt incurred by the coronavirus pandemic, has a new CEO.

Paul Stone, formerly the company’s executive vice president and North American chief retail operations officer, was named to the top spot on Monday. There, he’ll face a full plate, though saving the company will be Job One.

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U.S. to Play Beefier Role in Nissan's Future; Company Shakes Up North American Leadership

A struggling Nissan sees the U.S. market playing a bigger role in the company’s sales future. Ahead of the release of its near-term recovery plan, expected later this month, the automaker sees new product as the key to firming up its flagging U.S. presence.

Elsewhere, a report out Friday claims Nissan’s new plan will see the U.S. account for a third of the automaker’s global volume. With all of this in the works, it’s perhaps no surprise that the company’s North American arm saw a sudden resignation.

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Familiar Face Returns As Mitsubishi's North American Boss

One day, perhaps even one day this year ( …or next!), Mitsubishi will have a new model to show off to Americans, and when that time comes there’ll be a new top boss performing the unveiling.

Fred Diaz is out as CEO of Mitsubishi Motors North America, the automaker announced Thursday, replaced by someone who knows the job fairly well. He’s had it before.

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Bigland Out! Ram Boss Departs Fiat Chrysler in April

Reid Bigland, the towering Fiat Chrysler exec who made waves by suing his employer last year, has announced he’s leaving the company after 22 years of service. His last day will be April 3rd.

Head of U.S. sales, the Ram brand, and president and CEO of FCA Canada, Bigland was once seen as a potential replacement for late CEO Sergio Marchionne, but a spat with his employer tainted the longstanding relationship. That lawsuit apparently came to a head earlier this year.

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Hinrichs' Departure Puts Heat on Ford CEO Hackett

Last Friday’s shakeup in the uppermost ranks of Ford Motor Company came as a surprise, with many employees and observers claiming that the automaker’s former president of automotive, Joe Hinrichs, took the fall for the company’s recent failings.

After announcing Hinrichs’ unexpected retirement and elevating Jim Farley, head of new businesses and autonomy, to chief operating officer (effective March 1st), CEO Jim Hackett responded to the decision in a media scrum. At the same time, Hinrichs was delivering a letter to Ford employees.

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Automotive Head Joe Hinrichs Gone Amid Ford Shakeup

Joe Hinrichs, a top Ford executive tasked with overseeing the company’s global businesses, manufacturing, and product development — and once seen as a potential successor to CEO Jim Hackett — is retiring from the automaker.

The news comes just days after a dismal fourth-quarter earnings report revealed a profit loss of nearly 99 percent in 2019 and a Q4 hit of more than $1.6 billion — with much of the financial damage stemming from the botched launch of the next-generation Explorer.

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Ford Shuffles Execs, Finds New AV Boss

The cutting edge of new technology will be guided by new hands at Ford. On Thursday, the automaker announced changes to its executive lineup, including the departure of Ford Autonomous Vehicles LLC head Sherif Marakby and his replacement by vice president of strategy John Lawler.

Ford didn’t elaborate much on Marakby’s absence, stating that the exec, who formerly headed up Uber’s global vehicles programs, “has elected to take a personal leave from the company.”

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Executive Shuffle: GM's Reuss Straddles the Globe As EV Boss Tackles Product

A number of General Motors executives will have to update their CVs come November 1st. As it moves to position its increasingly streamlined business for hard-fought future growth, the automaker has provided President Mark Reuss with a number of new hats.

Doug Parks, head of GM’s autonomous and electric vehicle programs since 2016, will soon find himself in charge of global product development.

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GM Appoints New Marketing Officer After Going Seven Years Without

General Motors is moving Cadillac marketing chief Deborah Wahl up the food chain by appointing her as its global chief marketing officer — a position which has sat unfilled since 2012.

The previous CMO, Joel Ewanick, was removed by former CEO Dan Akerson over a costly Chevrolet-Manchester United sponsorship deal blew up in his face. Officially, General Motors said Ewanick “failed to meet the expectations the company has of an employee” and left the position vacant, distributing its duties among other other employees — primarily Chevrolet’s now-retired CMO Tim Mahoney.

Wahl, 56, joined Cadillac in 2018, helping the brand further distance itself from the botched “Dare Greatly” advertising campaign. However, we’re not yet certain its freshened marketing materials are truly a cut from a different cloth. Several of the new spots carry over the same vague messaging, just with a bit more focus on product. Then again, perhaps the highbrow content is simply going over our heads.

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  • EBFlex "I'd add to that right now, demand is higher than supply, so basic business rules say to raise the price."Demand is very low. Supply is even lower. Saying that demand is outstripping supply without providing context is dishonest at best.
  • IBx1 Took them long enough to make the dashboard look halfway decent in one of their small trucks.
  • Mcs You're right. I'd add to that right now, demand is higher than supply, so basic business rules say to raise the price. The battery tech is rapidly changing too. A battery tech in production today probably won't be what you're using in 2 years. In 4 years, something different. Lithium, cobalt, and nickel. Now cobalt and in some cases nickel isn't needed. New materials like prussian blue might need to be sourced. New sources might mean investing in mines. LMFP batteries from CATL are entering production this year and are a 15% to 20% improvement in density over current LFP closing the density gap with NCA and NCM batteries. So, more cars should be able to use LMFP than were able to use LFP. That will lower costs to automakers, but I doubt they'll pass it on. I think when the order backlogs are gone we'll stop seeing the increases. Especially once Tesla's backlog goes away. They have room to cut prices on the Model Y and once they start accumulating unsold vehicles at the factory lot, that price will come tumbling down.
  • Acd Fifteen hundred bucks for OnStar makes some of the crap Southeast Toyota Distributors and Gulf States Toyota forces their customers to buy seem like a deal.
  • EBFlex Remember when Ford was all self pleasuring about the fake lightning starting under $40k? We all knew it was BS then and that Ford was taking a massive loss just to make that happen. This solidifies that.