Fortune – Page 7

New CEO of Fortune 500 auto parts supplier BorgWarner just pulled the plug on its once-promising EV charging business

May 9, 2025 by DON

BorgWarner’s new CEO Joe Fadool already took his first major strategic decision, closing its electric vehicle charging business he inherited from his predecessor. Following an analysis of the current market conditions and midterm financial outlook, Fadool said his executive team reached the conclusion that the best option was to pull the plug, saving it $45 … Read more

Fortune Tech: Google’s AI search problem, Netflix’s revamp, and OpenAI’s Stargate goes global

May 8, 2025 by DON

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Buffett warned about trade deficits in a 2003 Fortune op-ed and proposed ‘import certificates’ but says trade should not be a weapon

May 3, 2025 by DON

Berkshire Hathaway CEO Warren Buffett was asked about a 2003 op-ed he wrote in Fortune warning about trade deficits, but told shareholders on Saturday that trade shouldn’t be used as a weapon. The comments come as investors sought his take on President Donald Trump’s aggressive tariffs aimed at shrinking the U.S. trade deficit, though he … Read more

Trump crypto fortune swells as foreign billions roll In

May 3, 2025 by DON

President Donald Trump and his family are generating billions from cryptocurrency, according to a new report from State Democracy Defenders Action. The nonprofit organization, which claims to be “fighting autocracy,” estimates that nearly 40% of Trump’s net worth now comes from digital assets, totaling around $2.9 billion. That crypto windfall stems from Trump’s personal memecoins, … Read more

Fake LinkedIn profiles, Webex, and Fiverr: Inside the North Korean IT worker scheme roiling the Fortune 500

April 27, 2025 by DON

The message Aidan Raney sent to a Fiverr profile he learned was being manned 24/7 by North Korean engineers looking to recruit American accomplices was simple and straightforward. “How do I get involved?” Raney asked. The five-word text worked, said Raney, and days later the Farnsworth Intelligence founder was on a series of calls with … Read more

Mercedes-Benz just poached a top exec from Fortune 500 dealer group Lithia to run the brand’s U.S. sales operations

April 16, 2025 by DON

Mercedes-Benz is poaching the chief of operations of Lithia & Driveway, one of the largest U.S. automotive retailers, to run its national sales company in America. Effective July 1, Adam Chamberlain takes over from Dimitris Psillakis, current CEO of Mercedes-Benz USA. He will lead MBUSA’s more than 1,600 employees and over 380 dealer partners throughout … Read more