|
India Posted:Thu, 12 Aug 2010 20:04:05 GMTMahindra & Mahindra has been named as the preferred bidder to buy SsangYong, the bankrupt South Korean automaker.
Posted:Thu, 12 Aug 2010 15:39:04 GMTA memorandum of settlement has been signed between the Tata Motors management and the Telco Workers Union on wage revision of its employees.
Posted:Thu, 12 Aug 2010 15:10:27 GMTTata Motors bought Jaguar Land Rover from Ford in 2008. As part of that transaction, Tata entered into a series of contracts to buy vehicle components from Ford. |
|
US Posted:Thu, 12 Aug 2010 22:45:00 GMT![General Motors Corp. Chairman Edward Whitacre says he will be replaced by GM board member Daniel Akerson, the managing director and head of global buyout of The Carlyle Group.]() On the same day that General Motors reported a profit of $1.33 billion in the second quarter, the U.S. automaker announced that CEO Ed Whitacre will step down from his position.
Posted:Thu, 12 Aug 2010 00:06:52 GMT![General Motors Co. CEO Ed Whitacre, seen here with workers at an event in April, hopes to be celebrating the company's initial public stock offering later this year.]() GM's second-quarter earnings are due this week, and the automaker is hinting at blowout results that could propel it toward a giant stock offering in the fall.
Posted:Tue, 10 Aug 2010 21:07:30 GMTGovernment investigators have found no new safety defects beyond problems with accelerator pedals that explain reports of sudden acceleration in Toyotas. |
|
Europe Posted:Thu, 12 Aug 2010 19:58:00 ESTFiled under: Hirings/Firings/Layoffs, GM ![]()
The announcement today that General Motors will soon be welcoming its fourth CEO in just 14 months was startling news, but the real unanswered question is just who is Dan Akerson? We've already told you what his business chops are and it's clear the man can run a lemonade stand, but there's virtually no other information available out there besides his resume. And as for pics, the entirety of the internet has but one to offer, which is Akerson's glamor shot as a member of GM's board of directors. Flattering? No. Looks like a high school principal's year book picture.
Well, we dug a little and found some interesting info on one Mr. Daniel F. Akerson. For one, he lives in McLean, Virginia and is reportedly an avid golfer. Ok, not too surprising, as most corporate executives can swing a club. How about this: He's said to be worth an estimated $190 million. Yeah, CEOing is a good gig if you can get it. Also, he currently drives a Cadillac CTS.
Finally, we're told that Mr. Akerson's first car was an MGB roadster, which he quickly traded in for a 1970 Oldsmobile Cutlass. Now, we don't have confirmation on which Cutlass he had, and it makes a difference. The 1970 Cutlass was nothing special, unless you're talking about the 442, which was a legitimate muscle car. The fact that Akerson first had an MGB makes us hopeful that he is a car guy after all and that the Olds in question was the 442... or at least was powered by a Rocket V8 of some sort.
Does the CEO of General Motors need to be a car guy? Not really. Ford CEO Alan Mullaly has never been considered a "car guy," which didn't stop him from righting Dearborn's sinking ship. Still, enthusiasts might take comfort in the fact that the man running one of this industry's most important companies knows his way around a four-barrel carb.
And Dan, a little advice: Trade up to a CTS-V Coupe. What's $190 million good for if you're not going to use it?
[Source: GM, DavidSheperson via Twitter]Dan Akerson: New GM CEO a car guy after all? originally appeared on Autoblog on Thu, 12 Aug 2010 19:58:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
![]()
![]()
![]()
Posted:Thu, 12 Aug 2010 19:24:00 ESTFiled under: Marketing/Advertising, Videos, Dodge, Humor ![]()
Dodge's monkey... now you see it, now you don't - Click above to watch the video after the break
Ah yes. People for the Ethical Treatment of Animals. We here at Autoblog happen to be all for the ethical treatment of animals. And we're people... allegedly. But we're certainly not all fully in tune with the fine men and women that make up PETA. And we also happen to think that PETA sometimes goes a wee bit too far in their efforts to make man equal to beast... or is that the other way around?
In any case, PETA was apparently none too pleased by a recent commercial from Dodge touting a new promotion that included a chimpanzee named Suzie and a purposefully deadpan narrative from Michael C. Hall. In response to pressure from PETA, Dodge digitally altered its advertisement. Interestingly enough, it got way funnier in the process. Kudos, Dodge.
You're going to want to click on past the break to see the before and after videos... trust us. You'll also find the official letter from PETA asking Dodge to discontinue all the *ahem* monkey business. Sorry, couldn't help ourselves.
[Source: LA Times via Jalopnik]Continue reading Video: No (invisible) monkies were harmed in the making of this Dodge commercial Video: No (invisible) monkies were harmed in the making of this Dodge commercial originally appeared on Autoblog on Thu, 12 Aug 2010 19:24:00 EST. Please see our terms for use of feeds. Read | Permalink | Email this | Comments
![]()
![]()
![]()
Posted:Thu, 12 Aug 2010 19:20:00 EST![]()
![]()
During a conference call to discuss General Motors' second quarter earnings, Ed Whitacre announced that he will be stepping down from the position of CEO effective September 1st, and that his title of Chairman of the Board will terminate at the end of 2010...
![]()
Up until recently, Infiniti wasn't entirely sure what its brand was all about. But since its latest reboot, the brand has staked a claim as an unabashedly Japanese performance luxury automaker - in essence, the anti-Lexus...
Daily U-Turn: What you missed on 8.12.10 originally appeared on Autoblog on Thu, 12 Aug 2010 19:20:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
![]()
![]()
![]() |
|
Australia Posted:Fri, 13 Aug 2010 09:20:00 ESTFollowing Thursday's limited reveal of the 2011 Kluger update, Toyota has today revealed the European update for the 2011 Prado, featuring an upgraded version of the 3.0 litre diesel engine and a new trim package. The Prado's existing 3.0 litre four-cylinder turbo-diesel engine has been upgraded for 2011, power getting a significant bump from 127kW to 141kW, while torque is up slightly from 410Nm to 420Nm between 1600-2800rpm. The upgraded engine, now compliant with the upco...
Read more
The Motor Report is Australia's fastest growing auto website. Click through to read the full article.![]()
Posted:Thu, 12 Aug 2010 03:40:00 ESTThe Victorian Automobile Chamber of Commerce (VACC) has taken aim at the Federal Government's proposed Cleaner Car Rebate. CEO David Purchase describing the recently announced Labor proposal as being "more about spin" than anything else. The Cleaner Car Rebate, announced by Prime Minister Julia Gillard last month, would see motorists trading in pre-1995 cars for newer greener cars benefiting from a $2000 rebate. Forming part of the Federal Governmen...
Read more
The Motor Report is Australia's fastest growing auto website. Click through to read the full article.![]()
Posted:Thu, 12 Aug 2010 02:19:00 ESTVictoria's road toll for 2010 has reached 200, up from 182 for the same period last year. The latest victim of the toll, a 19 year-old-man, was killed when the car he was driving collided with a fallen tree in Gembrook this morning, following heavy storms across the state overnight. Deputy Commissioner for Road Policing, Ken Lay said today that the tally could reach 350 by year's end. Before 2010, the state's annual road toll had been in steady decline, falling from 34...
Read more
The Motor Report is Australia's fastest growing auto website. Click through to read the full article.![]() |
|
Japan Posted:Thu, 12 Aug 2010 20:23:35 +0000Alfa announces MiTo Turismo Sport Alfa Romeo adds more kit for less money for new MiTo special edition.MiTo buyers are quids in. Alfa has announced a new special model that crams £1,610-worth of extras into the Turismo-spec car. Called the Turismo Sport, buyers will have the choice of three colours – Solid Black, Biancospino White [...]
Posted:Thu, 12 Aug 2010 20:02:03 +0000What doesn’t kill you makes you stronger. Just ask GM. “General Motors said Thursday that it earned $1.3 billion in the second quarter, citing sustained progress in rebuilding operations after emerging from its government-sponsored bankruptcy last year,” reports the New York Times. How did GM go from bankruptcy to billion-dollar profits? The Wall Street Journal [...]
Posted:Thu, 12 Aug 2010 20:02:03 +0000Imagine zipping down the freeway when suddenly, your car tells you it’s lost all tire pressure. Do you believe it? Maybe you shouldn’t. “Another group of researchers from Rutgers University and the University of South Carolina have just discovered that you can hack into a car’s electronics wirelessly, which means any modern vehicle could be [...] |
|
UK Posted:Thu, 12 Aug 2010 13:13:13 EDTGeneral Motors is getting its fourth CEO in just under 18 months, as the company announced that Ed Whitacre will leave the post Sept. 1, to be succeeded by another auto industry outsider, former Nextel Communications CEO Dan Akerson.
Posted:Thu, 12 Aug 2010 12:46:53 EDTGeneral Motors was winding up a regular quarterly earnings call with securities analysts and reporters Thursday morning when Chairman Ed Whitacre unexpectedly got on the line to announce that he was stepping down as chairman and CEO.
Posted:Wed, 11 Aug 2010 13:09:54 EDTAn investigation into potential unintended acceleration in Toyota Motor Co, cars has so far found no problems with the cars beyond the ones for which Toyota has already had recalls. |
|
North America Posted:2010-08-12T22:55+00:00
Posted:2010-08-12T22:44+00:00
Posted:2010-08-12T22:31+00:00 |
|
South America Posted:Thu, 12 Aug 2010 19:02:51 GMT
Posted:Thu, 12 Aug 2010 18:04:30 GMT
Posted:Thu, 12 Aug 2010 17:01:28 GMT |
|
|
|
