Tag: Chairperson

AutomotiveBusinessStrategy

GM Scales Back Electric Vehicle Ambitions Amid Slowing Market Demand

General Motors is implementing significant cost-cutting measures across its electric vehicle division as market conditions deteriorate. The automaker will cease production of its BrightDrop electric delivery van while maintaining commitment to key consumer models like the Chevrolet Equinox EV.

Strategic Shift in Electric Vehicle Operations

General Motors is reportedly scaling back its electric vehicle ambitions amid slowing market demand and changing regulatory conditions, according to recent company statements. Despite delivering better-than-expected third-quarter results with a 6% year-over-year delivery increase, the automotive giant is making what executives describe as “a quick adjustment to the reality around us” by restructuring its EV operations.

by Sarah Collins
BusinessConstructionLeadership

Sundt Construction Appoints Cade Rowley as New Chief Executive Officer

Sundt Construction has appointed company veteran Cade Rowley as its new president and CEO. Rowley succeeds Mike Hoover, who transitions to executive chairman after leading the firm since 2016. The leadership change comes as Sundt has expanded from regional to national operations.

Leadership Transition at Major Construction Firm

Sundt Construction, the Tempe, Arizona-based builder, has named longtime company veteran Cade Rowley as its new president and chief executive officer, according to an October 1 company announcement. The leadership change marks the first CEO transition at the construction firm in nearly a decade, with Rowley succeeding Mike Hoover, who had held the position since 2016.

by Darren Holt
PolicyTelecom

FCC Moves to Expel Hong Kong Telecom Giant from US Networks Over Security Concerns

Federal regulators are taking action against one of Hong Kong’s largest telecommunications providers, citing potential national security threats. The FCC has ordered HKT to explain why it shouldn’t be removed from US networks amid growing concerns about Chinese government influence.

US Regulators Target Hong Kong Telecom Provider

The Federal Communications Commission is moving to expel Hong Kong Telecom (HKT) from US telecommunications networks, according to reports from regulatory sources. The agency has issued an “Order to Show Cause” directing the company to explain why the FCC should not begin revocation proceedings against it, citing what officials describe as significant national security concerns.

by Sarah Collins