Finance http://www.industryweek.com/taxonomy/term/6618/more en Volkswagen Diesel Damages Jump to $23.9 Billion after 4Q Charge http://www.industryweek.com/finance/volkswagen-diesel-damages-jump-239-billion-after-4q-charge <div class="node-body article-body"><div></div>“In spite of the charges and the challenges arising from the diesel crisis, we can be satisfied on the whole with the group’s business development,” CFO Frank Witter said. “We must use great discipline to achieve the set targets in all divisions, in order to return to the path of success in the coming years.”</div> <p><a href="http://www.industryweek.com/finance/volkswagen-diesel-damages-jump-239-billion-after-4q-charge" target="_blank">read more</a></p> http://www.industryweek.com/finance/volkswagen-diesel-damages-jump-239-billion-after-4q-charge#comments Finance The Latest Volkswagen Emissions Scandal Fri, 24 Feb 2017 19:28:00 +0000 580021 at http://www.industryweek.com HP Enterprise Revenue Falls Far Short of the Mark http://www.industryweek.com/budgeting-reporting/hp-enterprise-revenue-falls-far-short-mark <div class="node-body article-body"><div></div>CEO Meg Whitman--who has been slimming down the company--is battling rising competition from cloud-based technology providers. </div> <p><a href="http://www.industryweek.com/budgeting-reporting/hp-enterprise-revenue-falls-far-short-mark" target="_blank">read more</a></p> http://www.industryweek.com/budgeting-reporting/hp-enterprise-revenue-falls-far-short-mark#comments Budgeting & Reporting Strategic Planning & Execution Finance Leadership Technology The Latest Thu, 23 Feb 2017 22:02:00 +0000 578301 at http://www.industryweek.com <p>Hewlett Packard Enterprise CEO Meg Whitman</p> Getty Images Tesla Preps for C-Suite Change as Musk Maintains Model 3 Schedule http://www.industryweek.com/budgeting-reporting/tesla-preps-c-suite-change-musk-maintains-model-3-schedule <div class="node-body article-body"><div></div>While the electric car maker reported a quarterly loss and announced a CFO switch, it also maintained that the Model 3 will delivered on time in July.</div> <p><a href="http://www.industryweek.com/budgeting-reporting/tesla-preps-c-suite-change-musk-maintains-model-3-schedule" target="_blank">read more</a></p> http://www.industryweek.com/budgeting-reporting/tesla-preps-c-suite-change-musk-maintains-model-3-schedule#comments Budgeting & Reporting Change Management Companies & Executives Finance Leadership The Latest Thu, 23 Feb 2017 15:46:00 +0000 577381 at http://www.industryweek.com <p>Former and future Tesla Motors CFO Deepak Ahuja, left, will replace current CFO Jason Wheeler, who will leave the company in April to pursue public policy opportunities.</p> Tesla Motors Inc. Tesla Model 3 on Track for July Production, Says Musk http://www.industryweek.com/budgeting-reporting/tesla-model-3-track-july-production-says-musk <div class="node-body article-body"><div></div>The electric-car maker expects to deliver as many as 50,000 vehicles in the first half of the year and still sees Model 3 production starting in July.</div> <p><a href="http://www.industryweek.com/budgeting-reporting/tesla-model-3-track-july-production-says-musk" target="_blank">read more</a></p> http://www.industryweek.com/budgeting-reporting/tesla-model-3-track-july-production-says-musk#comments Budgeting & Reporting Companies & Executives Finance Leadership The Changing Automotive Landscape The Latest Wed, 22 Feb 2017 22:39:00 +0000 576401 at http://www.industryweek.com Getty Images ABB Uncovers $100 Million Korean Fraud as Suspect Goes Missing http://www.industryweek.com/finance/abb-uncovers-100-million-korean-fraud-suspect-goes-missing <div class="node-body article-body"><div></div>The local treasurer, who went missing Feb. 7, is suspected of forging documents and colluding with third parties leading to embezzlement and a misappropriation of funds.</div> <p><a href="http://www.industryweek.com/finance/abb-uncovers-100-million-korean-fraud-suspect-goes-missing" target="_blank">read more</a></p> http://www.industryweek.com/finance/abb-uncovers-100-million-korean-fraud-suspect-goes-missing#comments Finance The Latest Wed, 22 Feb 2017 18:09:00 +0000 575811 at http://www.industryweek.com ABB ThyssenKrupp Sells Slumping Brazilian Steel Mill http://www.industryweek.com/competitiveness/thyssenkrupp-sells-slumping-brazilian-steel-mill <div class="node-body article-body"><div></div>The sale will net the German industrial titan about 1.5 billion euros and, more noteworthy, end its Steel Americas program, at least for now.</div> <p><a href="http://www.industryweek.com/competitiveness/thyssenkrupp-sells-slumping-brazilian-steel-mill" target="_blank">read more</a></p> http://www.industryweek.com/competitiveness/thyssenkrupp-sells-slumping-brazilian-steel-mill#comments Competitiveness Treasury & Cash Management Finance Global Economy The Latest Wed, 22 Feb 2017 15:49:00 +0000 575441 at http://www.industryweek.com Sean Gallup, Getty Images GM, PSA Haggling Over $9 Billion Pension Gap http://www.industryweek.com/compensation-strategies/gm-psa-haggling-over-9-billion-pension-gap <div class="node-body article-body"><div></div>“Pensions are one of the reasons that, if you’re PSA, you don’t want to do the deal. There may be a way to get it done if GM keeps the obligation but PSA gives them cash.”</div> <p><a href="http://www.industryweek.com/compensation-strategies/gm-psa-haggling-over-9-billion-pension-gap" target="_blank">read more</a></p> http://www.industryweek.com/compensation-strategies/gm-psa-haggling-over-9-billion-pension-gap#comments Compensation Strategies Treasury & Cash Management Finance Workforce The Latest Wed, 22 Feb 2017 15:30:00 +0000 575101 at http://www.industryweek.com Sean Gallup, Getty Images; inset: Thomas Lohnes, Getty Images First Solar Posts Biggest-Ever Loss as Revenue Slides http://www.industryweek.com/energy/first-solar-posts-biggest-ever-loss-revenue-slides <div class="node-body article-body"><div></div>The big loss was due mainly to a restructuring program announced in November, as a global oversupply helped drag panel prices down 35% last year. </div> <p><a href="http://www.industryweek.com/energy/first-solar-posts-biggest-ever-loss-revenue-slides" target="_blank">read more</a></p> http://www.industryweek.com/energy/first-solar-posts-biggest-ever-loss-revenue-slides#comments Budgeting & Reporting Energy Finance Technology The Latest Tue, 21 Feb 2017 21:34:00 +0000 574371 at http://www.industryweek.com <p>A First Solar worker in Perrysburg, Ohio.</p> First Solar Kraft Pulls $143 Billion Unilever Bid After Opposition http://www.industryweek.com/finance/kraft-pulls-143-billion-unilever-bid-after-opposition <div class="node-body article-body"><div></div> “Our intention was to proceed on a friendly basis, but it was made clear Unilever did not wish to pursue a transaction. It is best to step away early so both companies can focus on their own independent plans to generate value.”</div> <p><a href="http://www.industryweek.com/finance/kraft-pulls-143-billion-unilever-bid-after-opposition" target="_blank">read more</a></p> http://www.industryweek.com/finance/kraft-pulls-143-billion-unilever-bid-after-opposition#comments Finance The Latest Mon, 20 Feb 2017 00:43:00 +0000 572241 at http://www.industryweek.com Deere Raises Profit Forecast as It Sees Signs of Recovery http://www.industryweek.com/finance/deere-raises-profit-forecast-it-sees-signs-recovery <div class="node-body article-body"><div></div>"We are seeing signs that after several years of steep declines key agricultural markets may be stabilizing," CEO Sam Allen said." Deere continues to perform far better than in agricultural downturns of the past."</div> <p><a href="http://www.industryweek.com/finance/deere-raises-profit-forecast-it-sees-signs-recovery" target="_blank">read more</a></p> http://www.industryweek.com/finance/deere-raises-profit-forecast-it-sees-signs-recovery#comments Finance The Latest Fri, 17 Feb 2017 18:56:00 +0000 571241 at http://www.industryweek.com