Layoffs, funding delays reported at Solera Auto Finance
Solera announced Solera Auto Finance at the NADA Show in March 2022 and expected to reach 20 states by the end of the year. By August, it had reached 39 states and was working with more than 2,000 dealerships.
Solera Auto Finance had been aggressive in seeking business, the second Solera Auto Finance sales manager said. The company had reached a rate of $25 million a month in loans, “and that’s when they hit the brakes on everything,” he said.
“Solera Auto Finance’s entry into the automotive lending space was a success and well received by dealers,” Casas said in…
EV giant reports Q4 revenue and profit beat; Cybertruck to start production later this year
Tesla stock is trading slightly higher in after hours following the EV maker reporting a Q4 earnings revenue and profit beat. In addition, the company announced its Cybertruck is on track for production later this year.
For the quarter, Tesla (TSLA) reported:
That revenue represents another record high for Tesla, up over $2 billion sequentially from Q3 and nearly $7 billion from a year ago.
On the profitability end, Tesla is reporting adjusted net income of $4.1 billion, nearly $400 million more than Q3 and over $1.3 billion more than a year ago. Tesla said it has “sufficient liquidity” to…
Campbell Soup Names New CFO as It Looks to Continue Strong Growth
Campbell Soup Co.
appointed its next finance chief as the soup and snack maker looks to build on its recent growth.
The Camden, NJ-based company on Wednesday said Carrie Anderson will become chief financial officer, effective Feb. 6. She succeeds Mick Beekhuizen, who was named president of Campbell’s meals and beverage division in November.
Carrie Anderson, incoming CFO at Campbell Soup Co.
Photos:
Campbell Soup Co.
Ms. Anderson is set to join Campbell from medical technology company Integra LifeSciences Holdings Corp.
, where she has been CFO since June 2019. Integra plans to launch a search for her replacement, the…
The 7 Best Business Travel Insurances in the UK & US
Buying business travel insurance is a tricky concept. You know you probably need it – if something goes wrong on a work trip, you definitely don’t want to get caught out of pocket.
But you’re also most likely not going to make a claim, and therefore paying a significant amount can feel like a waste of money.
We can’t make the prices cheaper, but we can help by sharing some of the best options available on the market.
At least if you’re going to fork out for insurance, you’ll know that you’ve got the coverage you need.
What to look…
Government finance statistics: net financial worth – Products Eurostat News
The general government financial accounts cover transactions in financial assets and liabilities as well as the stock of financial assets and liabilities. The difference between the stock of financial assets and the stock of liabilities is called net financial worth.
At the end of the third quarter of 2022, the EU net financial worth stood at -€7 684 billion or -49.6% of gross domestic product (GDP). Compared with the end of the second quarter of 2022, the EU net financial worth improved by €282 billion. Compared with the end of the third quarter of 2021, the EU net financial worth…
2023 Guide to travel and expense management
Travel and expense management is a massive undertaking, whether you have 50 employees who travel for business or 5,000. Accurately collecting and reporting on all travel-related expenses is a challenge for finance managers worldwide.
Fortunately, in recent years, things have changed. Today, modern software eliminates the need for paper expense reports, manual reimbursement processes, and back-and-forth approvals.
In this guide, we dive into travel and expense management. We showcase the signs that your processes may not be up to date, and the solutions available to help you improve your processes.
All about travel expense management
Travel and expense management (T&E)…
Goldman Sachs lowers recession forecast as ‘Goldilocks’ debate heats up
Goldman Sachs now sees just a 20% chance the US economy will enter a recession in the next 12 months.
The firm had previously projected a 25% chance for a recession and remains well below the consensus estimates it cited from the Wall Street Journal that showed a 54% chance.
“The recent data have reinforced our confidence that bringing inflation down to an acceptable level will not require a recession,” Goldman Sachs chief economist Jan Hatzius wrote on Monday in a note titled “The Narrative Turns.”
Investors have been closely watching for signs of whether the Federal Reserve’s interest rate…
From home to out-of-home, understanding the evolution of voice usage
30-second summary:
Discover how voice technology is being embraced outside the home, with millennials leading the way in using voice assistants in public spaces like pubs, shops, and offices
Explore the surprising decline in privacy concerns related to voice technology as users become more reliable on their conversational assistants and gain better control over their data usage
Gain insights into the voice market in the US, UK, and Germany, including the level of familiarity with voice technology, recognition of popular voice assistants, and the prevalence of out-of-home voice usage
Learn about the growing importance of conversational technologies and the potential…
