Honda CEO’s Pay Cut 20 Percent Following Fit Recalls

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Honda CEO’s Pay Cut 20 Percent Following Fit Recalls
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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...

Sergio Marchionne Spied Driving SRT Viper on Memorial Day

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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...

Lotus Press Release Addresses Media Controversy Head-On

Lotus Press Release Addresses Media Controversy Head-On
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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, Chrysler CEO Sergio Marchionne Interviewed on 60 Minutes

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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...

Automakers Double New Model Releases By 2013

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Automakers Double New Model Releases By 2013
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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 Lays Groundwork For CEO Succession

Ford Lays Groundwork For CEO Succession
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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 Announces New CEO

Lotus Cars USA Announces New CEO
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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...

Dan Akerson, CEO of General Motors Buys 10,000 GM Shares

Dan Akerson, CEO of General Motors Buys 10,000 GM Shares
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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...
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