The abrupt dismissal of General Motors Co. CEO Fritz Henderson by Chairman Edward Whitacre stoked fears on Wednesday of deeper staff cuts at the U.S. automaker's European arm Opel and the possible liquidation of Saab.
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The abrupt dismissal of General Motors Co. CEO Fritz Henderson by Chairman Edward Whitacre stoked fears today of deeper staff cuts at the U.S. automaker's European arm Opel and the possible liquidation of Saab.
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AutoNation Inc. CEO Mike Jackson said he was "surprised and concerned" about the dismissal of Fritz Henderson as General Motors Co. chief executive. Jackson, head of the largest U.S.
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Mercedes-Benz will add production of C-class sedans to its plant near Tuscaloosa, Ala., starting in 2014.
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Opel's finance chief Marco Molinari has quit the carmaker to pursue other interests.
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Opel's finance chief Marco Molinari quit to pursue other interests a day after the board of parent General Motors Co. ousted CEO Fritz Henderson.Opel said a successor to Molinari, 45, will be and#8220;announced in due course.and#8221;
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BMW AG's global unit sales grew by a high single-digit percentage in November and are poised to rise in December, the CEO of the world's biggest premium carmaker said Wednesday.
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Both Cadillac and Chevrolet chose the L.A. auto show to unveil key products. Cadillac rolled out the CTS Coupe, and Chevrolet introduced the compact Cruze.
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The gas pedal on the new Infiniti M sedan will be trying to tell its drivers something when it hits the market next spring. It will try to coach them into being more fuel-efficient drivers.
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South Africa's new vehicle sales fell 6.3% year-on-year in November, a slower pace than previous months, figures from the National Association of Automobile Manufacturers (NAAMSA) show.
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Ford Motor Co. is betting that the small-car segment will continue to grow and that the Fiesta will be the right vehicle at the right time.
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The extraordinary shareholders' meeting of German carmaker Volkswagen scheduled for Thursday seems set to turn into a battlefield between majority shareholders and institutional investors, a local newspaper said.
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General Motors has indicated it would contribute around EUR600m (US$904.3m) of its own cash to restructure Opel, German economy minister Rainer Bruederle said on Wednesday.
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Renault will build electric vehicles in Korea once the government has finalised its plans for EVs, the chief executive of the French automaker's Samsung unit told reporters at the unveiling of the new SM5 mid-sized saloon.
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A second small luxury car maker, this time Spyker of the Netherlands, is talking to General Motors about buying Saab Automobile, a week after Sweden's Koenigsegg dropped its bid and a day after Wyoming-based private investment firm Merbanco Merchant Banking confirmed it was out as a bidder for the Swedish unit, media reports said on Wednesday.
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OK, I gather this much from Fritz Henderson's ouster: GM directors are looking for someone to work magic at GM just like Alan Mulally has done at Ford.
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German Economy Minister Rainer Bruederle Wednesday criticized General Motors Co. following the abrupt departure of CEO Fritz Henderson and the company's presentation of an incomplete restructuring plan for Opel and sister brand Vauxhall.
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German Economy Minister Rainer Bruederle today criticized General Motors Co. following the abrupt departure of CEO Fritz Henderson and the company's presentation of an incomplete restructuring plan for Opel and sister brand Vauxhall.
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German Economy Minister Rainer Bruederle Wednesday criticized General Motors Co. following the abrupt departure of CEO Fritz Henderson and the company's presentation of an incomplete restructuring plan for Opel and sister brand Vauxhall.
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