its Chevrolet brand with surprising frequency over the past few years. In the latest development, The Detroit News reports that Chris Perry – Chevy's current head of marketing – announced his resignation on Wednesday, effective immediately. Perry's departure comes a little over three years since he joined Chevy after a 10-year stint at Hyundai, and just over a year after Chevy's former chief marketing officer, Joel Ewanick, was shown the door.
Your eyes doth not deceive you: Fiat has a new CEO. But before we get ahead of ourselves, Sergio Marchionne isn't going anywhere. The Italian-Canadian executive mastermind directing both the Fiat and Chrysler groups is not relinquishing his position. But a number of years ago, he did hand over control of the Fiat brand to a subordinate. That position has changed hands a couple of times since then, and has now been handed over to a new talent.
As previously reported, once Chrysler dipped its beak into the Federal coffers, the top 25 executive salaries would be capped at $500,000 per year. However, it seems the bankrupt automaker's new parent has found a way around the salary limitation by making the senior Chrysler officers Fiat employees.
General Motors has reintroduced the position of President and Chief Operating Officer with the naming of Fritz Henderson to the post by Rick Wagoner. Henderson's move up from Vice Chairman and Chief Financial Officer sees Ray Young moving from group VP of finance to Executive Vice President and Chief Financial Officer, filling the vacuum left by Henderson's departure. Group Vice President of Global Powertrain and Global Quality, Thomas G. Stephens, also makes the move to Executive Vice President
Jim Press, the president of Toyota Motor North America (TMA), has been announced as the recipient of this year's 2007 Automotive Industry Executive of the Year award, which surprisingly marks the first time (though probably not the last) that a Toyota exec has earned the honor. You may remember last year's recipient was Bill Ford, Jr., who technically no longer holds the position as Ford Motor Company's reigning auto exec. Press, however, is at the reigns of Toyota's North American division, whi
Not long after we told you about the likely promotion of Derrick Kuzak to the role of global Car Czar, President and CEO of Ford Alan Mulally officially announced his corporate realignment plan. At the top of the pyramid is, of course, Mulally himself. Reporting to him are the leaders of Ford's three largest units: Mark Fields, Ford of the Americas; Lewis Booth, Ford of Europe and the Premier Auto Group (PAG); and John Parker, Ford of Asia Pacific, Africa and Mazda. Supporting this team will be
Thinking that top executives had perhaps gotten out of touch with what the real world buyer of their cars is experiencing, Chrysler CEO Tom LaSorda is sending 250 top executives out to test drive some used cars. He has them driving three-year-old DaimlerChrysler products because he wants them to learn about reliability issues and the experience consumers face a few years down the road of ownership.
The 2007 Volvo XC90 received a number of enhancements for the 2007 MY, including an ever-so-slight refreshening and a new six-cylinder inline engine. Volvo is introducing a range-topping Executive model that adds chrome and silver trim on the exterior along with large 19-inch wheels, contrasting color stitching and edging in the interior with walnut panel inlays, and an optional cooler for the center console. It doesn't appear we'll get the XC90 Executive in the U.S. as it will be available with
Rick Wagoner, embattled head of General Motors, appeared on CBS's "Face the Nation" Sunday morning news program, and confessed that GM is stockpiling parts and complete vehicles in an attempt to protect the automaker in case its spin-off supplier Delphi decides to strike. Indeed, this comes as little surprise to those who have noted the unusually large discrepancy between GM first-quarter sales and production figures. Wagoner admits that the strike bank won't do much, if anything, to k
Ford Motor released details of its executive compensation Friday, as part of its 2006 proxy statement to the Securities and Exchange Commission. At the top of the list is chairman and CEO Bill Ford, whose 2005 total compensation took a big hit, falling 40 percent to $13,298,279. In all fairness, this compensation takes form of stock and stock options virtually in its entirety. Ford has pledged to forgo any cash compensation until the company's automotive operations return to profitabil