
Getrag Ford Transmissions, a joint venture between Ford and the Germany’s Getrag, has named Sue Slaughter (photo above) as its chief operating officer. Slaughter, 45, takes up the role on January 1 and succeeds Kevin O’Neill, who is retiring.

Getrag Ford Transmissions, a joint venture between Ford and the Germany’s Getrag, has named Sue Slaughter (photo above) as its chief operating officer. Slaughter, 45, takes up the role on January 1 and succeeds Kevin O’Neill, who is retiring.

Nissan is boosting production in Russia as the collapse in the ruble hits its profits. The company started production of its X-Trail SUV at its St. Petersburg factory this week and will add the Qashqai next year as part of a €167 million investment that has doubled the plant’s annual capacity to 100,000 units.

Daimler promoted Ola Kaellenius (photo above), head of sales for its Mercedes-Benz Cars unit, to the group’s management board, making him a potential candidate to succeed Dieter Zetsche as CEO.

By Colleen Barry

Ferrari’s sleek sports cars and souped-up Formula 1 racing machines have made the prancing horse logo among the world’s most powerful brands. Now, as the company prepares for a public listing, it wants to cash in on the cachet.
India’s Mahindra & Mahindra is close to sealing a deal to buy National Electric Vehicle Sweden (NEVS), the investment group that bought the assets of Saab Automobile two years ago, the Financial Times reported.