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retirement

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    Motorsports: Raikkonen likely to retire from F1 after 2015 [w/poll]
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    Though his irreverent demeanor party-goer image might suggest otherwise, make no mistake about it: at 34 years old (and with 37-year-old Mark Webber out of the race), Kimi Raikkonen is the oldest driver in Formula One. He's three months older than Jenson Button, a good year older than his former ...

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    Official: Takashi Yamanouchi to retire as Mazda chairman
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    Takashi Yamanouchi has been with Mazda for a long time. He signed on with the Japanese automaker in April 1967 – one month after graduating from Keio University – and rose through the ranks over the years. By 1996 he was named to the company's board of directors. In 2008 he was named ...

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    Official: Lead GM engineer on ignition switch investigation retires
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    Jim Federico, General Motor's Executive Director of Global Vehicle Integration, has retired from the automaker after nearly 36 years. He was one of the company's top engineers and was previously responsible for one of GM's investigations into its faulty ignition switches. His retirement comes ...

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    Report: Ford to announce Mulally retirement, Fields CEO as early as May 1
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    Ford CEO Alan Mulally may be about to announce his long-rumored retirement from the Blue Oval, according to a pair of insiders who spoke to Bloomberg. An official statement on the succession could arrive as soon as May 1. Chief Operating Officer Mark Fields is rumored to step up as the new CEO. ...

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    Report: Ford board OK with Mulally stepping down earlier
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    Ford's board is open to CEO Alan Mulally stepping down before his planned departure in 2014, inside sources are telling Reuters. Ford's plan of succession, aside from who would be his actual successor, has been something approaching common knowledge – the 68-year-old former Boeing exec had ...

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    Report: Bill proposes U.S. sell GM stock to fund Delphi retiree pensions
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    A new proposal to sell $1 billion of government-held General Motors stock to help restore Delphi white collar retirees pensions was balked at by one group attempting to build up the underfunded pension. The Delphi Salaried Retires Association has said it would prefer to reestablish its pension ...

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    GM takes final step to eliminate pension plans, switch entirely to 401Ks
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    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 ...

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    President and CEO Jan Åke Jonsson retires as Saab signs deals in China, Russia and declares 2010 earnings
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    Saab CEO Jan Åke Jonsson has announced that he will retire from the company effective May 19th. The 59-year-old CEO, who has lead the Swedish automaker for six years, will be available to assist the automaker through September. Jonsson isn't exactly leaving Saab when the company is the best ...

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    GM board member Kresa retiring, led automaker as interim chairman last year
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    General Motors board member Kent Kresa has reached the ripe old age of 72, and as such, he is no longer eligible for re-election to the company's controlling body. Kresa originally came to GM after retiring from Northrop Grumman Corp. where he helped lead the aviation giant through troubled ...

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    Pat Schiavone, Ford Flex and F150 designer, resigns
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    Patrick Schiavone, Ford's design director for trucks and crossovers, is leaving The Blue Oval. In his 21 years with the company, Schiavone has penned and helped develop Fords both naughty and nice: the last two F-150s; the Flex; Expedition; Cougar; Focus; Lincoln Navigator and Blackwood; the ...

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    REPORT: Trio of top Toyota execs to retire
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    Departing Toyota VPs Steve Sturm, Dave Danzer, Irv Miller
    According to Automotive News, three of Toyota's group vice presidents will be leaving the company in less than sixty days. Steve Sturm, 28 years with the company, oversaw strategic research and planning for the Americas as well as ...

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    Global search reportedly on to find successor for Ratan Tata
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    Three years ago the retirement age for Tata's holding company was upped to 75. Although Ratan Tata is only 71, there is no obvious successor to take his place at the head of India's global conglomerate, so the search has begun for the leader of the next act. Whoever that person is will take the ...

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    REPORT: Kimi Räikkönen set to retire from F1 after 2009 season
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    Rumors are heating up that Ferrari Formula One driver Kimi Räikkönen will walk away from the grand prix circus at the end of the 2009 season. If the 2007 World Champion does quit, it would free up his seat for two-time champion Fernando Alonso. You'll recall that there's been talk of ...

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    REPORT: Wagoner gets $8.2M severance + $74,030 annually w/benefits... for life
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    When Rick Wagoner was forced out of his position as the CEO of General Motors last March, he left with a severance plan that included $22 million paid out over the course of a few years, plus a yearly pension. Just a few months later, The Los Angeles Times is reporting that Mr. Wagoner has worked ...

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    REPORT: UAW Chief Ron Gettelfinger confirms retirement in 2010
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    Despite rumors to the contrary, United Auto Workers President Ron Gettelfinger is getting off the merry-go-round in 2010. The embattled union head honcho had been rumored to be considering seeking a third four-year term, but Gettelfinger himself has since gone on record saying that such notions are ...

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    Ford, UAW reach tentative retiree health care trust fund deal
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    Ford Motor Company says it has reached a tentative deal with the UAW regarding modifications to the Voluntary Employees' Beneficiary Association (VEGA) pact, the union's retiree health care trust. While specifics are not yet being divulged, the Blue Oval says that it has agreed to make up to half ...

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    GM performance guru John Heinricy retires
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    The Nürburgring record-setting Cadillac CTS-V
    Over the past two decades, John Heinricy has probably done more to enhance the performance image of General Motors than any other single individual. From the perspective of a petrol-head, Heinricy has for many years held what is probably the ...

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    Mercedes design head stepping down
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    Over the last three decades, there's been a common thread making Mercedes designs instantly recognizable and a lot of credit for that belongs to MBZ design boss Peter Pfeiffer. After forty years at Mercedes-Benz, and thirty years overseeing design, Pfeiffer is headed for retirement within the next ...

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    GM ups the ante on employee buyouts
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    GM is making better, more attractive vehicles, yet after losing nearly $40 billion in 2007 (most of which was an accounting adjustment, mind you), the Detroit automaker still has a lot of work to do to become profitable again here in the States. Even though GM shed 34,000 jobs in 2006, the company ...

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    Schumacher to Schumacher: Time for a break, junior
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    Talk about airing your family's dirty laundry in public. Michael Schumacher has made a public statement to his kid brother Ralf, urging him to consider taking a sabbatical from F1. The news comes hot on the heels of a less-than-spectacular test Ralf undertook for Force India, the team formerly ...

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