Theodore Retires at Ford
Ford Motor Co. said Friday that its head of advanced product development Chris Theodore will retire December 1, to be succeeded in the job by Hua Thai-Tang who led the development of the 2005 Mustang.
Theodore, 54, has worked at Ford since 1999, having previously worked at GM, Chrysler, and American Motors. Theodore began his career thirty years ago at Ford. Theodore, known as an especially congenial executive around the auto press, most recently led development of the Ford GT. Prior to that project, he led development of the 2004 Ford F-Series pickup. At Chrysler, where he was before returning to Ford, he played major roles in the engineering of the PT Cruiser and two generations of Ram pickup.
Theodore in the past year has experienced some health problems. At the same time, his influence at Ford has diminished as group vice president of product creation Phil Martens has ascended the power ladder under chairman and CEO Bill Ford. Theodore had been a recruit of former CEO Jacques Nasser.
Hau Thai-Tang, 38, consolidates Theodore's job with that of the Special Vehicle Team (SVT). Thai-Tang will report to Martens. John Coletti continues as director of the Special Vehicle Team and will report to Thai-Tang. Besides the new Mustang, Thai-Tang developed the special edition Bullitt Mustang off the previous vehicle, and he was the engineering manager for the Lincoln LS, a car widely praised for its performance, but which has suffered under the dowdy image of the
Shelby Cobra: Worst-Kept Secret by TCC Team (1/12/2004)
It couldn't be long before the new Mustang spawned a superpony. In fact, it only took about a day.
Analysts and executives from the automakers have been inordinately cautious about making predictions about what will happen to sales of new vehicles in 2005. Economic forecasters from the
Outlook for '05 Mixed, Say Analysts (11/19/2004)
Gas prices are the big unknown in the equation.
GM Insists Goals Intact
General Motors officials are not backing away from their objective of making $10 per share by the middle of the decade. To do so, GM is pressing ahead with a series of cuts aimed at keeping the goal within reach. Jerry Dubrowski, GM spokesman, said that, contrary to some reports that surfaced recently, GM executives believe it can produce the $10 per share in earnings for a full calendar year. "We have said it's going to be more difficult," said Dubrowski. "But we haven't changed it," said Dubrowski, who declined to define mid-decade. The new scrutiny comes after GM's earnings fell short of analysts' estimates during the third quarter and after the company revised its earnings estimate for the full year. GM only missed the estimate by a penny but the loss included a surprising operating loss by its critical North American unit and continuing losses by GM Europe. Meanwhile, GM's healthcare costs for both active employees and its army of retirees continue to increase at a rate faster than expected. GM's unfunded healthcare liability is now around $58 billion, according to the company's own figure.
GM Insists Goals Intact (11/19/2004)
Is $10 a share too much to ask? GM says no.
The value of the U.S. dollar has dropped this fall — and the decline isn't finished yet. The drop has put real pressure on many of the world's automakers. Volkswagen and Mercedes-Benz have already reported that the combination of an appreciating euro and a declining dollar has done serious damage to their balance sheets. The rise of the value in the euro also is behind the wave of cost-cutting and the demand for labor concessions that have swept across
Dollar Falls, Autos Feel Pain (11/19/2004)
The rising euro could cause some drastic moves to the States. Jaguar and Volvo, anyone?
MG Rover, SAIC to Combine?
World Report: November 2004 by TCC Team (11/1/2004)
Chinese moves, VW ties up with Proton, and Tony Blair meets Ford over Jaguar.
ION Recalled for Headlights
GM says it's recalling about 200,000 Saturn IONs in the
HUMMER Firebomber Could Get Five Years
A 24-year-old doctoral candidate at the California Institute of Technology could be headed to prison for five years or more, after being convicted on Friday of firebombing vehicles at a HUMMER dealership on Aug. 22, 2003. William Cottrell, a physics student at CalTech, was found guilty of seven counts of arson and one count of conspiracy, the Los Angeles Times reported. Cottrell testified during his trial that SUV dealers were "evil," the paper says. Cottrell's two accomplices, Tyler Johnson, a Caltech graduate, and his girlfriend, Michie Oe, have not been indicted and are believed to have fled the
Weekly Car Guide: Oct. 30, 2004 by TCC Team (11/1/2004)
New Accord Hybrid, HUMMER H3,
FROM THE SOURCE headlines from the latest press releases
Just two weeks into its five-week run, Mercury's interactive website experience with an independent film flair, "Meet The Lucky Ones," has attracted more than 825,000 unique visitors to the brand's website, mercuryvehicles.com. This is more than three times the average number of monthly visitors to the site and demonstrates the outstanding success of the initiative as a new way for the Mercury brand to connect with consumers.
|American Axle & Mfr. Holdings Inc.||AXL||29.38|
|Ballard Power Systems Inc.||BLDP||6.85|
|Collins & Aikman Corporation||CKC||3.40|
|DaimlerChrysler AG (ADR)||DCX||44.17|
|Dura Automotive Systems||DRRA||9.16|
|Ford Motor Company||F||14.15|
|General Motors Corporation||GM||38.90|
|Goodyear Tire & Rubber||GT||12.21|
|Honda Motor Co. Ltd. (ADR)||HMC||24.25|
|Johnson Controls Inc.||JCI||61.24|
|Magna International Inc.||MGA||77.11|
|Nissan Motor Co. Ltd. (ADR)||NSANY||21.00|
|Sonic Automotive Inc.||SAH||22.23|
|Sirius Satellite Radio||SIRI||5.17|
|Toyota Motor Corporation (ADR)||TM||77.11|
|TRW Automotive Holdings||TRW||20.36|
|Tower Automotive Inc.||TWR||2.37|
|United Auto Group Inc.||UAG||29.02|
|XM Satellite Radio Hold.||XMSR||35.01|