CFOs On the Move: Week Ending February 21
Vox, Volkswagen, Nike, Groupon, DuPont, House of Saka, Yelp, Mondi, Russel Metals, Endo International, TriNet
Tesla Delivers First ‘Made in China’ Vehicles
With the deliveries from the Shanghai plant, "China-made Model 3 vehicles will start running on China’s large streets and small lanes."
Volkswagen Aims to Raise $2.1B From Truck Unit IPO
The carmaker plans to invest proceeds into transforming auto production as it readies to launch electric vehicles.
Volkswagen Wins Labor Support for Restructuring
Workers backed the restructuring after the automaker presented its new $1.1 billion battery plan.
VW Charges up Spending on Electric Vehicles
The world’s largest automaker announces a $40 billion spending plan that will accelerate its shift away from combustion-engine vehicles.
VW Adds $2.95B to ‘Dieselgate’ Scandal Costs
The automaker's latest writedown brings the total bill from its diesel emissions cheating scandal to more than $30 billion.
The CFO as ‘Chief Commercial Officer’
AutoGravity’s finance chief analyzes huge amounts of customer data to set strategy.
VW Close to $4B Deal With U.S. Over Emissions
The automaker is in "advanced discussions" over an agreement that would further extricate it from the diesel emission cheating scandal.
VW Buys Canadian Mobile Payments Company
The acquisition of PayByPhone gives the automaker "a charter to focus on general mobility services.”
VW Extends $21 Billion Credit Line to June
The carmaker is still hoping to return to the bond market as it continues to deal with the fallout from its emissions scandal.
Judge OKs $14.7B Settlement in VW Scandal
VW calls the approval of the deal with 475,000 vehicle owners "an important milestone in our journey to making things right in the United States."