GM names new North American CFO Joseph Peter will report to corporate CFO Ray Young queryvar=”gm,names,new,north,american,cfo”; 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 [...]
Toyota to boost Prius output by 70% queryvar=”toyota,to,boost,prius,output,by,70%”; 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 planned remodeling next year, bringing annual output to at least 480,000 units, the Nikkan Kogyo industry daily [...]
Mercedes to cut production in Alabama First cut in production since plant opened 11 years ago queryvar=”mercedes,to,cut,production,in,alabama”; 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 [...]
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 [...]
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 [...]
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 [...]
