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The AutoGuide News Blog is your source for breaking stories from the auto industry. Delivering news immediately, the AutoGuide Blog is constantly updated with the latest information, photos and video from manufacturers, auto shows, the aftermarket and professional racing.
 |  May 07 2014, 10:02 AM

Jim Federico GM Retires

There’s more fallout from General Motors’ toxic ignition recall. Another high-level engineer is stepping down from his post.

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 |  Dec 17 2013, 10:45 AM

allan-mcnish-audi

Sports prototype racer Allan McNish will not return to compete for a fourth Le Mans 24 Hour victory.

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 |  Oct 04 2012, 7:46 AM

After a less-than-glorious return to the sport, seven-time Formula One world champion Michael Schumacher has announced his retirement from the pinnacle of motorsports.

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 |  Aug 16 2011, 9:15 AM

Despite a poor performance, rumors of retirement, and even a call to hang-up his racing gloves by former F1 Champ Niki Lauda, Michael Schumacher will be back competing at the pinnacle of motorsports next year.

The seven-time World Champion’s return to F1 has been less than glamorous, with the Mercedes GP Petronas driver having failed to reach the podium once this season. Still, Schumacher obviously feels he has an important role to play. Speaking at a Mercedes-Benz event over the weekend, Schumacher said, “I’ll certainly be racing next year, that is definite.”

Currently Schumacher sits in 10th place in the Drivers’ standings, three places behind team mate Nico Rosberg. With eight more races to go this season, can Schumacher return to his former glory?

 |  Aug 11 2011, 3:00 PM


Niki Lauda, former F1 champion and a man who knows a thing or two about a comeback, is looking at Michael Schumacher’s own, and suggesting that it’s time for him to embrace retired life.

Lauda mounted a comeback after retirement himself, back in 1982 after spending two years off the track. He didn’t do so well this time around, however: he finished 10th at the end of the season, 59 points behind his teammate Alain Prost. Wisely, he quit while he was behind. Today, he sees Schumacher falling into the same trap as he did.

“I have always been a big supporter of Michael’s comeback, because I did it, and I know what it’s all about,” said Lauda, to Motor Sport magazine. “I think every sportsman—if he wants to perform as well as Schumacher did in the past—has to be honest with himself. He has kept saying that he needs more time, blah, blah, blah, and he presents himself as the relaxed guy who’s really enjoying it—but inside he’s not relaxed at all, because no top racing driver enjoys being beaten. If he really were as relaxed as he claims to be, then Mercedes should tell him to retire!”

An Italian newspaper reported that Schumacher had considered quitting the Mercedes-Benz team, but Schumi’s manager countered by stating that he was as committed as ever. Who knows what it will take to unnerve Schumacher’s typically relaxed demeanor, and whether he’ll heed Lauda’s advice.

[Source: ESPN F1]

 |  Aug 04 2011, 6:55 AM

Today, at the 2011 Management Briefing Seminars in Traverse City, Michigan, Chrysler CEO Sergio Marchionne hinted that he may step down from his position in the not-too-distant future. The 59-year old executive said Chrysler’s future plans will be “up to the guy after me, I think — after 2015, hopefully. Maybe a year later. Chrysler will be here after me.”

Recently, Marchionne has begun integrating the management teams of both Chrysler and Fiat, but is still leading both companies. Marchionne tried to clarify his stance on the position, ”The process has been designed and I’ve always believed that my successor needs to come from the inside… and this enlarged management team where we have 22 people of nine nationalities is designed… to be a proving ground for people to sit and manage.”

Nothing has been confirmed as to when and if he will decide to leave. ”I technically can go beyond 2015,” he said. “I wouldn’t focus on the date. I would focus on the process.”

[Source: Automotive News]