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Chinese automaker NIO has moved one step closer to delivering its long-promised ET7 sedan to markets in Europe, as the first batch of all-electric sedans has set sail from a port in China. NIO documented the loading of the EVs before they begin popping up in markets like Germany, and more. Check it out. NIO ($NIO) is a publicly-traded EV automaker founded in 2014 that currently sits as one of the leading electrified brands in China thanks to early success of its ES8, ES6, and EC6 SUVs. During a “NIO Day”…

Starbucks Chief Operating Officer John Culver is departing the company after two decades with the coffee chain, as part of a restructuring that will eliminate his role.His exit comes in the middle of a broader executive reshuffling at Starbucks. Former CEO Kevin Johnson retired earlier this year, leading Howard Schultz to return to the helm of the company as interim chief executive until long-term successor is named.Effective Oct. 3, Culver will step down from his current role and become an executive advisor until he…

Herbert Diess, CEO of VolkswagenSean Gallup | GettyVolkswagen CEO Herbert Diess will leave the company at the end of August, the company said Friday. Oliver Blume, currently the CEO of Volkswagen subsidiary Porsche, will succeed Diess as of Sept. 1.The automaker didn't provide a reason for Diess' departure.Diess joined Volkswagen from BMW in 2015, stepping into the top job in the wake of the Dieselgate scandal. He is credited with leading the company past the scandal into a new era, driving massive investments in electric…

These six trains will arrive and depart from the Sabarmati station instead of Ahmedabad station in July.Among them is also the Agra Cantt- Ahmedabad train.At least six trains run by the North Western Railway will have their terminals changed starting in July. These six trains will arrive and depart from the Sabarmati station instead of Ahmedabad station in July. According to Captain Shashi Kiran, Spokesperson of North Western Railway, Muzaffarpur-Ahmedabad JanSadharan Express, Agra Cantt- Ahmedabad, Gwalior-Ahmedabad,…

The resignation drive of senior executives at Ola Electric continues and now, its Director HR Ranjit Kondeshan has decided to move on. According to sources, Kondeshan would depart from Bhavish Aggarwal-run electric mobility company on July 2, just 14 months after joining.According to his LinkedIn profile, Kondeshan joined Ola Electric Mobility from Visa where he worked for three years in Mumbai.Before Visa, he was Senior HR Manager at Bajaj Allianz Life.Ola Electric, facing a government probe in battery fires along with…

A bankruptcy judge approved a chapter 11 exit plan for Latam Airlines Group SA that puts $5.44 billion of fresh capital into the Chilean business, moving it closer to ending its pandemic-driven restructuring after two years. Judge James Garrity of the U.S. Bankruptcy Court for the Southern District of New York said the chapter 11 plan resulted from “good faith, arm’s-length negotiations” among Latam and its stakeholders and provides the best available path to resolve its bankruptcy case.…

Following the announcement that Sheryl Sandberg will step down as Meta's COO later this year, the company is losing another executive as part of a reorganisation of its artificial intelligence (AI) group. The company said that Jerome Pesenti, Meta's VP of AI, will depart in mid-June after helping it through the early stages of the AI transition."We are grateful for the incredible work Jerome has done over the past over four years in building, leading, and scaling a world-class AI function for Meta," the company said in a…

Following the announcement that Sheryl Sandberg will step down as Meta's COO later this year, the company is losing another executive as part of a reorganisation of its artificial intelligence (AI) group.The company said that Jerome Pesenti, Meta's VP of AI, will depart in mid-June after helping it through the early stages of the AI transition."We are grateful for the incredible work Jerome has done over the past over four years in building, leading, and scaling a world-class AI function for Meta," the company said in a…

Chobani Inc. finance chief Jody Macedonio will exit the company next month, the latest executive departure after the yogurt maker put plans for its initial public offering on hold. Ms. Macedonio joined the New Berlin, N.Y.-based company in 2020 to help prepare the company for its public debut. A search for a new CFO is under way, according to an internal memo from Chief Operating Officer Kevin Burns to staff that was reviewed…

A person in a mask approaches the New York Twitter offices after they announced they will close their re-opened offices effective immediately in response to updated CDC guidelines during the outbreak of the coronavirus disease (COVID-19) in Manhattan, New York City, U.S., July 29, 2021.Andrew Kelly | ReutersTwitter is pausing most hiring and two executives are leaving the company, a spokesperson confirmed on Thursday.The news comes as billionaire Elon Musk seeks to complete his $44 billion deal to buy the company and take…