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Ford writes down $19.5 billion as it pivots electric Lighting line of vehicles
“The operating reality has changed, and we are redeploying capital into higher-return growth opportunities,” Ford CEO Jim Farley said.
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MIT report: 95% of generative AI pilots at companies are failing
There’s a stark difference in success rates between companies that purchase AI tools from vendors and those that build them internally.
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What Block’s CFO and finance team want peers to know about Bitcoin
Block, Inc. made its first corporate bitcoin purchase in 2020.
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Bank of America CEO sees a ‘huge opportunity’ in the U.S. wealth business and ultra-high net worth
Brian Moynihan discussed bold growth targets and a strategy with reporters at the bank’s investor day.
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Circle CFO on leading the blockchain ‘megatrend’ transforming finance
The disruption is comparable to the internet’s evolution in the mid-1990s, says Jeremy Fox-Geen.
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Brussels plans to scrap 2035 combustion engine ban
Carmakers will be allowed to make a limited number of petrol and diesel-fuelled cars after deadline
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Ford to take $19.5bn hit as US carmaker overhauls EV strategy
Group scraps plans for flagship all-electric pick-up truck on Trump regulatory changes and tepid demand
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Nissan starts production of new Leaf EV at Sunderland
Japanese carmaker has invested £450mn in the third-generation model, breathing new life into the UK’s largest car plant