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- Ex-GM powertrain exec will run electric-drive systems developer
Former GM powertrain executive Bob Purcell will become chairman and CEO of Protean Holdings Corp., a fledgling developer of in-wheel electric drive systems. Purcell, 58, who retired from GM in 2008, had been a board member and adviser to Protean.
Переслать - GM eyes sovereign wealth funds in Middle East, Asia to boost stock sale
Investment bankers for GM have met with sovereign wealth funds and private investors in the Middle East and Asia to gauge interest in the automaker's planned stock sale, said two people familiar with the meetings.Переслать - VW may expand output of new sedan for U.S. market to China
Volkswagen AG may expand production of a mid-sized sedan designed for U.S. customers to China in a bid to win buyers in the world's biggest auto market.Переслать - Survey questions clarity, relevance of new fuel economy labels
A survey released this week suggests that revised fuel economy labels proposed by federal regulators will confuse many likely car buyers -- and will emphasize the wrong information.Переслать - Ford outlines plans to shrink Lincoln dealer network
Ford plans to dramatically reduce the number of Lincoln dealerships as part of a major overhaul of the lagging brand, with the bulk of the cuts coming from 500 stores in the nation's top 130 markets.Переслать - New Dodge Charger: '60s inspiration meets today's aerodynamics
Chrysler Group, continuing its product overhaul, officially took the cover off the redesigned 2011 Dodge Charger sedan today. The automaker said the latest Charger was 'spiritually inspired by the second-generation Charger of the late 1960s.Переслать - Marchionne's investment freeze delays new Fiat Panda
Fiat CEO Sergio Marchionne's latest investment freeze will again delay the launch of the third generation of Europe's biggest-selling minicar, the Panda, company sources said.Переслать - Volvo Cars COO Armstrong joins Ford
Steven Armstrong, chief operating officer of Volvo Cars, will leave the Swedish automaker to join former employer Ford Motor Co. as part of a management reshuffle under new Volvo CEO Stefan Jacoby. Armstrong, 46, will return to Ford of Europe.Переслать - Forecasters see slow auto sales recovery through 2011
U.S. auto sales in 2010 and 2011 will continue to crawl -- not walk or run -- out of last year's recession, according to forecasters at the Auto Industry Hot Topics Conference here.Переслать - Cadillac prices CTS-V Sport Wagon at $62,990
General Motors Co. will offer the Cadillac CTS-V Sport Wagon in the United States this year, the luxury brand announced today. The CTS-V wagon, priced at $62,990 including shipping, features a supercharged, 6.Переслать
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