Aptiv hires Microsoft exec Sophia Velastegui as chief product officer

Automotive technology supplier Aptiv on Tuesday named former Microsoft executive Sophia Velastegui as its new chief product officer. Velastegui will start on Feb. 1 and report directly to CEO Kevin…

Highlights from the latest ‘Daily Drive' podcasts, Jan. 10-14

“Given the trend lines, you have to feel like those guys think that Usain Bolt is behind them, right? Coming up fast on the outside.” — Automotive News reporter Larry…

Polestar CEO Thomas Ingenlath sees tenfold sales growth by 2025

Polestar’s plan to go public this year via a merger with the special-purpose acquisition company Gores Guggenheim forced the Volvo Cars subsidiary to do something it had declined to do…

Tesla’s top Black executive steps down as head of HR

Tesla Inc.’s head of human resources and one of its highest-ranking Black leaders, Valerie Capers Workman, is departing for a new job, leaving the company without a key defender after…

Ford shares continue EV-fueled surge as market capitalization tops $100 billion

DETROIT — Ford Motor Co.’s market value topped $100 billion on Wall Street for the first time as investors bet on the 118-year-old automaker’s prospects in the dawning electric age.…

Rivian COO left company in December

Rivian Automotive Inc.’s COO stepped down last month while the EV maker was in the midst of its inaugural production rampup. Rod Copes left the company after he had held…

Porsche Cars North America promotes two women to key posts

ATLANTA — Porsche Cars North America has elevated two women to key leadership roles. Ayesha Coker has been named vice president of marketing, the sports car maker said. Coker, 45,…

Kia America names longtime Honda exec Steven Center as COO

Kia America has named Steven Center, a longtime American Honda sales executive, as COO and executive vice president. Center, Kia said in a news release, will oversee “strategy and execution…

Aston Martin CEO may be replaced, report says

Aston Martin is seeking a replacement for CEO Tobias Moers because of the automaker’s continuing financial woes, a report said. Moers, a former head of Mercedes-AMG performance division, has held…

Aston Martin said to gauge Ford executive's interest in becoming CEO

Aston Martin Chairman Lawrence Stroll has approached Steven Armstrong, a senior Ford Motor executive, to gauge his interest in becoming CEO of the British automaker, according to people familiar with…

VW names Andrew Savvas head of U.S. sales and marketing; Chattanooga factory workers get 10% raise

Volkswagen of America has appointed a new head of sales and marketing to replace Duncan Movassaghi, who left the company and returned to his native U.K. Andrew Savvas, 44, a…

Marelli, aiming for top five ranking, names Harman exec as CEO

Marelli has named David Slump, 54, an executive at Harman International, as its new CEO, with a target of growing the Japan-based company into one of the world’s five largest…

Volvo's new CEO to succeed Samuelsson is former Dyson executive Jim Rowan

STOCKHOLM — Volvo Cars has hired former Dyson Group executive Jim Rowan as its new CEO to succeed Hakan Samuelsson. Rowan was Dyson’s CEO between 2017 and 2020 when the…

Former AutoNation CEO Cheryl Miller lands new CFO job

Former AutoNation Inc. CEO Cheryl Miller — who left the auto retail giant in 2020 after a year in the job and later was JM Family Enterprises’ CFO before leaving…

OBITUARY: Shunji Tanaka, designer of iconic Miata

Shunji Tanaka, who led the exterior and interior design of the Mazda MX-5 Miata in the late 1980s, died Dec. 12 at 75, according to multiple news sources. Tanaka’s inexpensive…

At Stellantis, supplier diversity a team effort

DETROIT — Dating back to the days of Chrysler Corp., Stellantis North America has spent close to $100 billion with suppliers owned by minorities, women and veterans since 1983 when…

Auto industry lost a host of influential people in 2021

Amid the stress of life and business in 2021, the automotive world lost a number of influential people who had spent their careers taking the industry to new levels. Here…

Elon Musk sells another $1 billion in Tesla shares, nears stock offload target

Elon Musk sold a further $1.02 billion of Tesla Inc. shares, taking him close to his target of reducing his stake in the electric-car maker by 10 percent. Tesla’s CEO…

Automotive News/Equilar CEO Compensation Study

Five CEOs of publicly traded U.S. automotive companies realized more than $24 million in total compensation last year, according to the Automotive News/Equilar CEO Compensation Study.

VinFast CEO Lohscheller steps down from post

German executive Michael Lohscheller is stepping down as CEO of VinFast Global, the automotive arm of Vietnamese conglomerate Vingroup. Lohscheller will leave the position and return to Europe due to…

Kristen Strakalaitis joins Automotive News TV team

Kristen Strakalaitis, 26, has joined the Automotive News TV team as First Shift news anchor. Strakalaitis is a 2018 graduate of Southern Illinois University and most recently worked as morning…