Cadillac CEO Johan de Nysschen is trying to solve a puzzle that bested years of executives before him. Continue Reading...
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BMW announced that 49-year-old Harald Krueger will replace Norbert Reithofer as CEO. Continue Reading...
Lotus is struggling. The boutique British brand has been losing money hand over leather-driving-glove-covered fist for several years now, but their new chief-executive has plans to correct the company’s course. Continue Reading...
In response to the FIFTH recall of the new Honda Fit the company’s board has cut CEO Takanobu Ito’s pay by a whopping 20 percent! Continue Reading...
The AMG-built V8 headed to future Aston Martin vehicles won’t be the only powerhouse pushing the British exotic car brand into the future. Continue Reading...
GM’s ongoing ignition switch scandal has left it with more than a bit of egg on the face; try an entire omelet. Continue Reading...
Hyundai North American president and CEO John Krafcik will step down from his current role next week at the completion of his contract. Continue Reading...
Soon-to-retire General Motors CEO Dan Akerson maintains that the U.S. government’s choice to bail out the Detroit giant saved money despite losses after the Treasury Department offloaded its remaining shares. Continue Reading...
The latest plan to right Alfa Romeo’s sales will call on the same strategy in place with Maserati: premium global expansion. Continue Reading...
The Jeep Wrangler and Dodge Grand Caravan won’t stack up to increasingly stringent fuel consumption standards and will need an overhaul soon. Continue Reading...
An article published on 247wallst.com named Volvo among brands it predicted to disappear by 2014, but president and CEO of Volvo Cars of North America John Maloney says it isn’t true. Continue Reading...
Former Porsche Chief Financial Officer Holger Haerter was convicted of fraud in a Berlin court today. Continue Reading...
If he were real, Andy Dufresne would be impressed with Hyundai CEO John Krafcik who despite the obstacles is being named the 2013 Automotive Executive of the Year Continue Reading...
Volvo won’t build a flagship sedan to compete with cars like the BMW 7 Series and says its customers wouldn’t be interested in a segment where V8 and V12 engines are the norm. Continue Reading...
New information about the Fisker Atlantic is trickling out through Twitter, suggesting the car will come with a starting price in the $55,000 range. Continue Reading...
You know there’s trouble in paradise when the newly-appointed Australian CEO of Mistubishi calls his company’s products overpriced and wonders why anyone buys them. Continue Reading...
Things get complex when you put safety tech innovation first, or so Volvo boss Stefan Jacoby is finding as the brand’s cars get increasingly confusing to use. Continue Reading...
Update: Chrysler called us to clarify that it wasn’t Marchionne, but instead Roy Peters, the project’s lead electrical engineer. Coasting along with traffic, eastbound on Interstate 69 through Michigan, we were road testing a 2012 Jeep Compass when several car lengths in the distance a ragtag convoy of cars swarmed around a single sports coupe. Continue Reading...
Throwing a curve ball right down the media’s throat, Lotus issued a press release today that aimed to disarm and diffuse the flurry of speculation and jokes. It did so by writing in completely unacademic, and some might argue, unprofessional style. Above the text, a borrowed copy of Sniff Petrol’s satirical photo (seen above) that portrays CEO Dany… Continue Reading...
Fiat boss Sergio Marchionne was featured yesterday on CBS’ 60 Minutes discussing his life as the head of both Fiat, Chrysler and how he brought the American brand back to health from the brink of collapse. In the interview, Marchionne addresses the state Chrysler was in when he came on board to resurrect the company, saying… Continue Reading...
Comments Off on Automakers Double New Model Releases By 2013
The past 20 years were pretty stable in the automotive industry. Mostly predictable releases with a steady rate for manufacturers to introduce new models that seemed like a consistant recipe for success. Then, suddenly with the start of the current model year, things changed. In fact, it looks like this is just the start of a serious… Continue Reading...
Ford CEO Alan Mulally isn’t on his way out, though succession plans are being considered according to a top Ford executive. Mark Fields, Ford‘s president of the Americas, emphasized the importance of developing a succession plan, despite there being no plans for Mulally’s retirement. Fields, who is one of the candidates to move into the… Continue Reading...
Lotus Cars USA made the public announcement that former Ferrari CEO Maurizio Parlato is the new CEO of their U.S. operation. Parlato has actually been with the company for a few months, but Lotus spokesman Kevin Smith told Automotive News Lotus hadn’t made the announcement until recently because they had been too busy appearing at auto shows. Parlato’s… Continue Reading...
Yesterday, the CEO of General Motors, Dan Akerson purchased $250,500 in shares of the automaker, buying 10,000 shares at $25.05. As of yesterday, Akerson owns 103,600 shares in the company. This last week has seen the worst stock market decline since 2008, with the crash has wiping out more than $6.7 billion from the value of… Continue Reading...