GM Brings Back
A shake-up in senior management has been approved by a shaken General Motors board of directors, but the move leaves some observers wondering if there could be more to follow soon after the New Year.
The most significant - and unexpected - change comes with Frederick "Fritz" Henderson's appointment as GM's new Vice Chairman and Chief Financial Officer.
The new CFO is "an exceptionally strong fit," declared GM Chairman Rick Wagoner, in a prepared statement. Indeed, some observers believe
With General Motors struggling to reverse mounting losses and fast-declining market share, and particularly in the wake of the decision to close five assembly plants, an executive shake-up comes as no surprise. A number of other senior executives were moved to new assignments or announced plans to depart in the coming months, including North American manufacturing chief Guy Briggs.
But at least one name was notably absent from the list. Frequent rumors in
GM Cutting 30,000 Jobs, Eight Plants by TCC Team (11/28/2005)
"Tough medicine," but no guarantees, says Wagoner.
Spy Shots: '07 Chrysler
Here's one more NAIAS scoop: Chrysler's upscale version of the Dodge Durango, to be sold as the
Subaru to Build Toyotas in
Toyota Chips Away at GM by Joseph Szczesny (11/28/2005)
Sales lead is slipping; 2006 could be a momentous year in auto history.
WJR Auto Report: Jaguar, Land Rover Drop GLBT Ads
Ford Motor Co. has announced plans to pull Jaguar and Land Rover advertising from 17 different gay and lesbian publications. The automaker insists this is a purely business decision, but it also could resolve a threatened boycott by the extremely conservative group, American Family Association. The AFA has long used the boycott stick to beat businesses into submission on issues like this, though it notably failed to force Disney to back down when the entertainment company began offering benefits to partners of its gay and lesbian employees. Even if Ford wasn't buckling, the fact is,
Nissan Paint Repairs Itself
Nissan has developed a clear paint that repairs itself when it's scratched. The Scratch Guard Coat contains a highly elastic resin that helps prevent scratches from reaching the inner layers of the painted surface. When the paint is scratched - for instance by fingernails or a car wash machine - the surface will blend together to get back to its original state within a day to a week, depending on the depth of a scratch and the outside temperature. Scratch Guard Coat is also water repellent and effective for about three years. It will provide better protection against scratches from car wash machines, which account for the majority of paint damage. Nissan says it will be applied in the near future to an SUV. -Henny Hemmes
Ford Adding Automatic EcoSport
Ford will add an automatic transmission EcoSport 4x4 to its portfolio by the end of the year from its Brazilian factory. The new version wil be particularly important to
Ethanol Captures 90 Percent of
Having the cheapest ethanol in the world has helped the country of
Hyundai Motor America (HMA) President and CEO, Robert F. Cosmai, today announced that Don Dees has been named Vice President of Service for the company.
|American Axle & Mfr. Holdings Inc.||AXL||18.77|
|Ballard Power Systems Inc.||BLDP||4.51|
|DaimlerChrysler AG (ADR)||DCX||50.98|
|Dura Automotive Systems||DRRA||2.43|
|Ford Motor Company||F||8.11|
|General Motors Corporation||GM||22.39|
|Goodyear Tire & Rubber||GT||17.15|
|Honda Motor Co. Ltd. (ADR)||HMC||29.15|
|Johnson Controls Inc.||JCI||71.17|
|Magna International Inc.||MGA||66.75|
|Nissan Motor Co. Ltd. (ADR)||NSANY||20.10|
|Sonic Automotive Inc.||SAH||21.40|
|Sirius Satellite Radio||SIRI||7.21|
|Toyota Motor Corporation (ADR)||TM||97.41|
|TRW Automotive Holdings||TRW||25.19|
|Tower Automotive Inc.||TWRAQ.PK||0.09|
|United Auto Group Inc.||UAG||38.63|
|XM Satellite Radio Hold.||XMSR||28.35|