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Main > Car Makers News > Ford > Kerkorian's boy says Ford should offload Mercury, Volvo Every villain needs a sidekick, and if there were ever a villain character in the soap opera that is the North American auto industry, it's 91-year-old billionaire Kirk Kerkorian who recently revealed that his private holding company, Tracinda Corp., was buying up Ford stock like he knew something the rest of us didn't. Kerkorian's sidekick in this saga is Jerry York, an ex-auto exec who the billionaire placed on GM's board of directors back when he was pushing for an alliance between the biggest of the... Full article... Article added: 2008-05-03 09:05:37 Article Views Rating: 146 Main > Car Makers News > Nissan > Nissan to get more electric by 2010 The media has given a lot of attention to Toyota and GM in the race for automotive electrification. After all, many of the other current players in the game license their technology from the likes of these two. Nissan has remained relatively quiet in the competition though, sitting behind its Hypermini small electric vehicle and Hybrid Altima, the latter of which happens to be the result of one of those previously mentioned licensing deals. The recent 2008 New York Auto Show saw Nissan taking things a... Full article... Article added: 2008-05-03 09:05:36 Article Views Rating: 266 Main > Car Makers News > Ford > Jerry York: Ford should sell Volvo and Mercury The former CFO of Chrysler and chief aide to Kirk Kerkorian and his Tracinda investment company, Jerry York, has given some insight about his thoughts on the current state of Ford and its subsidiaries. York, who met with Ford CEO Alan Mulally last month, thinks the Blue Oval chief will sell Volvo and Mercury but will likely retain Lincoln. He said cutting Volvo and Mercury from Ford’s lineup is the right thing to do and that’s what he would do if he had the top job. “I’m very confident... Full article... Article added: 2008-05-03 09:05:13 Article Views Rating: 142 Main > Car Makers News > Chrysler > Chrysler CEO expects U.S. market to slide further Chrysler CEO Bob Nardelli has repeated statements made by a number of CEOs from rival carmakers including Renault-Nissan’s Carlos Ghosn that the U.S. auto market is likely to slide even further and there’s no prediction of a recovering any time soon. Nardelli expects sales this year to drop below 15.5 million units, down from 16.1 million the year before, and is predicting 2009 will have an even lower tally. Chrysler sales in the U.S. have already dropped 15.5% in the first three months of the year... Full article... Article added: 2008-05-03 09:05:12 Article Views Rating: 183 Main > Car Makers News > Nissan > Nissan considering London trial for new electric vehicles Earlier this week Renault-Nissan CEO Carlos Ghosn revealed there were plans to launch a new family of electric-vehicles for both Renault and Nissan and the first of these are expected to be on the market by 2010. Before their launch, Nissan will conduct extensive testing of its new electric drivetrains and one of the primary locations it’s considering is London. Renault and Nissan and will build the electric cars using a shared battery system developed in Japan. The first production models will be... Full article... Article added: 2008-05-03 09:04:29 Article Views Rating: 243 Main > Car Makers News > Nissan > Nissan planning more model swaps Just last week details of Nissan’s deal with Chrysler were announced, each producing a vehicle for the other to help fill out both companies’ product lines. Nissan CEO Carlos Ghosn says more deals like it are in the works, with many different makers, though details on the coming model-swaps are still hazy. Ghosn was quick to note that Chrysler isn’t destined to become the North American partner Nissan has been seeking, saying “I don’t think the opportunity is there today... Full article... Article added: 2008-04-22 04:40:43 Article Views Rating: 533 Main > Car Makers News > Renault > Renault Laguna Sport Tourer Stylish estate version joins the latest Laguna line-up. The Honda Accord isn’t the only model on a mission to prove its credentials in the family car market. Even though Renault’s latest Laguna has been around since last year, the flagship GT arrives in May.It debuts the firm’s Active Drive set-up, which uses clever electronics to help steer the rear wheels. We’ve been impressed with the five-door petrol, so how does it rate in practical diesel Sport Tourer guise?As with the... Full article... Article added: 2008-04-21 12:43:49 Article Views Rating: 699 Main > Car Makers News > Porsche > Porsche’s Wiedeking is auto industry’s highest paid CEO Being the CEO of a major car manufacturer is not traditionally considered a job that will net you paychecks on par with Formula 1 drivers. For Porsche CEO Wendelin Wiedeking, however, his salary for last year will leave you thinking otherwise. Wiedeking is thought to have earned more than €60 million $89 million, which puts him ahead of fellow top dogs Carlos Ghosn of Renault-Nissan, Alan Mullaly from Ford, Dieter Zietsche of Daimler and Sergio Marchionne of Fiat. By comparison, Ghosn’s salary... Full article... Article added: 2008-04-20 19:28:00 Article Views Rating: 186 Main > Car Makers News > Toyota > Toyota ranks highest in ethical reputation study Geneva, Switzerland – Toyota has ranked highest among automakers and second among all industries for ethical reputation by Geneva-based Covalence. The ratings, for the first quarter of 2008, are divided by Best EthicalQuote Score, Best EthicalQuote Progress, and Best Reported Progress.Covalence rates companies by such factors as community affairs, international presence, lobbying practices, product environmental risk, social sponsorship, waste management and human rights, and to a lesser extent... Full article... Article added: 2008-04-18 04:24:13 Article Views Rating: 228 Main > Car Makers News > Ferrari > No more Marlboro logos for Ferrari It is likely that a cigarette brand will never again be outwardly visible on the livery of a formula one car. Other teams - notably Renault, McLaren and Honda - farewelled their tobacco-fuelled dollars a couple of years ago, as anti-advertising laws swept Europe and the world. Ferrari, however, opted to renew its association with Philip Morris, and until recently has been displaying Marlboro logos where possible, including in places like Monaco and China. But at the recent Bahrain grand prix, where... Full article... Article added: 2008-04-17 07:39:37 Article Views Rating: 210 |
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