GM names new North American CFO
Joseph Peter will report to corporate CFO Ray Young
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Craig Trudell
Automotive News | July 24, 2008 - 2:36 pm EST
 
 
General Motors has named Joseph Peter CFO for North America, effective Aug. 1.
Peter, 45, will report to Ray Young, GM’s CFO, and Troy Clarke, president for North America.
“Joe brings vast experience [...]

 
Toyota to boost Prius output by 70%
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Automotive News | July 25, 2008 - 3:00 am EST

ENLARGE

Toyota Prius hybrid

 
TOKYO (Reuters) — Toyota aims to produce 70 percent more Prius hybrids after a [...]

 
Mercedes to cut production in Alabama
First cut in production since plant opened 11 years ago
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April Wortham
Automotive News | July 24, 2008 - 1:59 pm EST
 
 
In a sign that even premium automakers are not immune from the U.S. market crunch, Mercedes-Benz confirmed today that it will trim production at its Alabama factory beginning in August.
“We [...]

Friday, July 25, 2008
Chrysler puts 1Q loss at $515M
Daimler says its stake’s worth is down 81%
Eric Morath and Christine Tierney / The Detroit News
Chrysler Holding LLC, the parent company for automaker Chrysler LLC and its finance arm, lost $515 million in the first quarter of 2008, the company said Thursday, the same day that former [...]

Friday, July 25, 2008
Scott Burgess
Ford hopes ride on Euros
Plan to jolt U.S. sales with six models from abroad is overdue

It’s about time.
Ford Motor Co.’s decision to accelerate its automotive emigration plan — in the wake of a record $8.7 billion second-quarter loss and a shift in consumer demand toward fuel-sipping cars — shouldn’t surprise anyone. [...]

Friday, July 25, 2008
Daniel Howes
Mulally’s Ford looks a lot like Toyota

Before he left a 37-year career at Boeing Co. nearly two years ago to run Ford Motor Co., CEO Alan Mulally was a Toyota aficionado: He drove a Lexus luxury sedan; he studied Toyota’s production system; he adapted it, surprising some, to the assembly of [...]