Tesla’s Secret Source of Cash Has Finally Been Revealed

For years, Tesla Inc. has hauled in revenue by selling credits to other carmakers that needed to offset sales of polluting vehicles to U.S. consumers. These sorts of transactions have largely been shrouded in secrecy–until now. General Motors Co. and Fiat Chrysler Automobiles NV disclosed to the state of Delaware earlier this year that they […]

What GM Got Right About Crisis Management—and Boeing Keeps Getting Wrong

An important tenet of managing a corporate crisis that involves loss of human life is to show that you care. Eighty days after the fatal crash of Ethiopian Airlines Flight 302, coming five months after the doomed Lion Air Flight 610, Boeing’s Chairman and CEO Dennis Muilenburg made a serious attempt to show personal contrition […]

Could Ford Buy Tesla? Here’s How Likely A “Doomsday” Scenario Is

Former Tesla bulls have been bailing on the company. The stock continues to drop. Bond prices are at low levels. The auto maker is burning through $1 billion in cash a quarter, the cash from the latest $2.7 billion funding round will be gone within ten months, and demand is falling off. One of the […]

General Motors Shutters Lordstown Factory After 52 Years

General Motors closed down its Lordstown, Ohio manufacturing facility, with the plant’s last Chevy Cruze rolling off the assembly line Wednesday afternoon, after 52 years of auto production. GM is shuttering the Lordstown plant as part of a restructuring effort by CEO Mary Barra to improve the company’s financial position. The company is eliminating 1,700 […]

General Motors’ Executive Shuffle: 2 Top Execs Are Leaving—One Might Go to Amazon

In two separate announcements Thursday, General Motors announced that a pair of its top executives are leaving the company. GM’s president of North America Alan Batey and global manufacturing head Alicia Boler Davis, both of whom directly report to chairman and CEO Mary Barra, will step down from their roles, effective April 1. The company […]