Bloomberg reported talks between General Motors and electric-vehicle startup Rivian Automotive about the largest U.S. carmaker buying an equity stake have reached a stalemate.
According to Bloomberg, GM had weighed taking a stake in Rivian, but discussions ended in the past two weeks, with Rivian founder R.J. Scaringe wanting to keep his options open and look for other suitors.
Although ASC 842 and IFRS 16 were released several years ago, many lessees will only first notice how the changes affect financial reporting in the first reporting period for 2019. Many lessees will not be subject to the new standards... read more
Industry behemoths are losing market share and some have even declared bankruptcy as they’ve been reluctant to accept technological change. According to the 2017 Deloitte Global Human Capital Trends Report, only 12% of fortune 500 companies present in 1955 are... read more