TCC Previews the
With a little more than a week to the press preview days, the whispers of Geneva introductions are being confirmed - or in a couple of cases, denied. TCC details those yeas and nays this week with twin
2006 Geneva Motor Show Preview, Part
2006 Geneva Show Preview, Part
New VW Concept A, Porsche 911 Turbo, BMW WRC car.
Can GM Turn Itself Around?
Workers at General Motors' Pontiac
Assembly Plant, a half-hour's drive north of
The announcement comes in sharp contrast to others the automaker has made in recent months. Just weeks ago, GM revealed plans to sharply cut back on salaried pension and healthcare, while also "sharing the pain" with stockholders, who'll lose half their dividends, and senior executives, who'll lose up to half their pay. Last autumn, CEO Rick Wagoner announced plans to close five assembly plants and trim around 30,000 jobs.
Even the latest, upbeat
announcement has fueled skepticism. The
When the giant automaker began work on those SUVs, it envisioned a market segment of at least one million vehicles annually. Now, however, it's more likely to run in the range of 750,000, according to vice chairman Bob Lutz. Even if GM can maintain its current share, an eye-popping 60 percent, that's a significant shortfall.
Can GM Turn Itself Around? (2/19/2006)
Is there enough time, analysts ask?
Delphi Sets Final UAW Deadline
Delphi Corp. has once again delayed confrontation over the company's expensive
labor contracts. However,
Miller, Delphi Chairman and chief executive, said he wanted to reach an
agreement with the unions and without court intervention. But Miller also has
Delphi Sets Final UAW Deadline
Will there be a strike on March 30?
Ghosn Puts His Stamp on Renault
as he did at Nissan, Carlos Ghosn is planning to use a new product offensive to
boost the fortunes of Renault with a combination of judicious cost-cutting and a
At the same time, Ghosn also is ordering Nissan to move deeper into the commercial vehicle market and to maintain a close watch on costs, including those in
Renault's annual press conference in
The new product offensive also is designed to reduce Renault's dependence on the Mégane compact. "This heavy dependence on a single product is a source of vulnerability for the company," Ghosn said. Ghosn also ruled out any attempt by Renault to enter the North American market before 2009.
Ghosn Puts His Stamp on
New plan includes major move upmarket.
Schrembri Out at
In a surprise move, Mitsubishi Motors North America announced the resignations of Dave Schembri, executive vice president of sales and marketing, and Wayne Killen, vice president of marketing. Mitsubishi said they left to pursue other opportunities. However, Schrembri had joined only about a year ago and had succeeded in halting the slide in Mitsubishi sales and also in getting buzz going around the company's advertising and products. Schrembri could not be reached for comment. No replacements were named. For the present, the sales and marketing operations will be directed by president and CEO Hiroshi Harunari, Mitsubishi's official statement said. -Joe Szczesny