Ford on Thursday made official what investors and analysts had been waiting for – Chief Executive Alan Mulally this summer will pass the baton of leadership to Chief Operating Officer Mark Fields, six months earlier than expected.
Category Archives: General Talk
Sweden’s Investor will tender Scania stake to VW
Swedish holding company Investor AB will tender its stake in Scania to Volkswagen Group, as the German automaker seeks to take full control of the truckmaker.
VW’s Scania bid nearing success as buyout offer extended
Volkswagen Group is edging closer toward taking full control of its Swedish truck division Scania, after its buyout offer won broad support from shareholders and fell just short of an acceptance threshold.
GM Performance and Racing Center to house electric motor lab and gear center
General Motors has begun construction of a facility for advanced race engine design and development, as well as an electric motor laboratory and gear center. The new GM Performance and Racing Center (GMPRC) is located next to the GM Powertrain Engineering headquarters in Pontiac, Mich.
GM bailout cost U.S. government $11.2 billion
The U.S. government lost $11.2 billion on its bailout of General Motors, more than the $10.3 billion the Treasury Department estimated when it sold its remaining GM shares in December, according to a government report released on Wednesday.
