Hirings/Firings/Layoffs

The off-season in Formula 1 is not without its typical game of musical chairs: this driver moves there, that one is axed in favor of another, and some are left without a seat when the music starts again. But typically once the cars are launched, the contracts are signed and that's that. So when ...

General Motors will freeze the defined benefit pension plans of 19,000 workers on Sept. 30, 2012, shifting them instead into 401(k) plans. Affected workers were all hired before 2001 and are salaried employees. Hourly workers are not affected by this change. Because the retirement plans will be ...

F1 drivers typically have a shelf life shorter than what you otherwise might call a career. As the constant stream of new, young drivers usurps existing F1 seats, you're left with a wealth of talent available to contest other forms of motorsport. That's how you end up with former grand prix ...

Bentley has named designer David Hilton as the company's head of exterior design. Hilton ran his own successful design firm for 12 years before accepting the position with the ultra-luxury automaker. He will now report to Dirk van Braeckel, director of design and styling. Hilton is stepping into ...

Ford Motor Co. today made several big-name executive and boardroom announcements, including the appointment of a former Republican presidential candidate, but none changed the almost certain succession of CEO and President Alan Mulally. Mulally said Thursday with a snicker, "I looked over ...

This isn't good. The Associated Press is reporting that Fisker Automotive has stopped production of the Fisker Karma (UPDATE: Not true, says Fisker PR: "We are currently producing 20-25 Karmas a day and will continue to do so.") and laid off 26 Delaware employees and 40 contractors in California. ...

The good people of Tennessee are no doubt thrilled to have a Volkswagen plant in Chattanooga. The facility already features well over 2,000 good-paying manufacturing jobs, and now the German automaker is bolstering employment by another 200 full-time VW staffers, boosting the employment total to ...

There once was a time when Indy was considered not just a stepping stone to F1, but a viable alternative. Those were the days when proven grand prix drivers looking for a new challenge – drivers like like Nigel Mansell, Emerson Fittipaldi, Graham Hill and Mario Andretti – could take ...

When the music stops, there are always a few Formula One drivers left without seats. That's not because the field is getting smaller, it's because there are always more drivers looking for rides than there are rides to go around. And that's certainly the case this season. With only one race seat ...

Swedish Automobile NV ('Swan') continues to look to sell Dutch supercar manufacturer Spyker in the wake of the Saab bankruptcy. Swan said it will carry on with the sale despite the fact that the company's supervisory board has just abandoned the crippled enterprise. According to The Washington ...