Ford settled a lawsuit over the death of a New York Mets minor league baseball player in an Explorer accident after a jury ordered the company to pay his estate $131 million. A Jasper County, Miss.
Former GM CEO Fritz Henderson has been tapped to become CEO of SunCoke Energy following its separation from Sunoco Inc. next year.
The recession hasn’t just meant a decline in corporate profits, it also has put a serious crimp in corporate philanthropy. No company wants to say ‘no’ to a worthy, needy cause. But when the economy goes in the tank, everyone cuts back.
VW is planning a new assembly line at Russia’s GAZ to boost production in the booming market, VW CEO Martin Winterkorn said.
Autoliv, the world’s biggest maker of airbags and seat belts, has seen no decline in demand despite slower car production in the second half of the year, its top executive said on Friday.
The buzz of the coming weeks is going to be what the federally appointed car czar Steve Rattner reveals in his new book: that he offered the job of General Motors CEO to Nissan/Renault CEO Carlos Ghosn — and that Ghosn had the temerity to turn it…
The Obama Administration initially wanted Nissan-Renault CEO Carlos Ghosn to run GM after Rick Wagoner was ousted in 2009, and repeatedly pressed Fiat to put up cash for a stake in Chrysler, according to an upcoming book about the government bailout…
The U.S. Treasury is concerned about how many foreign investors it should allow to buy big stakes in General Motors Co.’s proposed initial public offering, the Wall Street Journal said.
ASSOCIATE EDITOR JONATHAN WONG: Nothing like an automatic transmission to put a damper on the party. All of my Cadillac CTS-V experiences up until a month ago were with the automatic transmissions.
EDITOR WES RAYNAL: I was impressed with this car and frankly, I didn’t think I would be. It is, in my opinion, one of the best-driving small cars on the market, driving like a much bigger car.
