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Mercedes-Benz USA announces Cannon as new CEO

Mercedes-Benz USA has named marketing boss Steve Cannon as its new Chief Executive Officer effective January 1. Automotive News reports that Cannon, who has been with MB for 20 years, is only the second American to hold the post in the luxury brand's long history.

Report
List of Mulally successors narrowed down to four

How do you replace the man credited by Time Magazine with managing "the biggest business turnaround of the Great Recession?" That's a very good question, and one that the Ford board of directors is grappling with as company CEO Alan Mulally edges closer to retirement age.

Report: Fiat looking to up Chrysler stake to 46% by June

Fiat has been in a big, fat hurry to increase its stake in Chrysler, as the Italian automaker has managed to increase ownership from 20 percent to 30 percent so far this year. A report out of Automotive News Europe (via Italian newspaper Corriere della Sera) shows that the stakes may rais

Fiat gets a new chief executive

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 ti

Ducati North America seeks new CEO

Amidst recent rumors, Ducati has officially announced that its CEO of North American operations, Michael Lock, will step down at the end of July to pursue other opportunities.

Fiat unites Maserati, Abarth, Alfa Romeo under one CEO

With the unification of Fiat and Chrysler, we're been expecting major changes in the corporate structure of the two automakers and their various brands. Most recently, Lancia chief executive Olivier Francois was named head of the Chrysler division, leading to reports that the

Jaguar-Land Rover CEO David Smith stepping down

The man installed by Tata to guide the Jaguar/Land Rover ship, David Smith, has left the company. Smith was the head of finance for Ford Europe, and had helped sell Aston Martin to Dave Richards' group before he assisted in the sale of Jaguar to Tata. He has been the CEO sin

REPORT: Marchionne will choose to lead either Chrysler or Fiat within 24 months

Sergio Marchionne appears to be very well regarded within the auto industry and his work making Fiat a viable automaker has been pretty remarkable overall. Now Marchionne is charged with saving the beleaguered and product-starved Chrysler while also keeping momentum back home in Italy. That's a big job that Marchionne won't be able to do for long. The dualing CEO reportedly said in a speec

REPORT: Spencer Stuart tasked with finding new GM CEO

Headhunting firm Spencer Stuart is without doubt on the speed-dial lists of bailed-out firms, having placed chairmen, CEOs, Chrysler Group LLC, and board members for AIG, Citigroup Inc., Freddie Mac, Fannie Mae, and GMAC. Then they flew over General Motors so that Ed Whitacre, Jr. could heli-drop in. Now, The Wall Street

Francois appointment points to more cooperation between Chrysler and Lancia

Amidst the confirmation that chief executive Sergio Marchionne was splitting off the Dodge Ram truck unit into its own division of the Chrysler Group came the announcement of some executive re-shuffles in Auburn Hills. Among them, Lancia CEO Olivier Francois was appointed head of the Chrysler brand. But according to the latest reports, the sharing of a chief executive is only the ti

Honda CEO reportedly rules out return to Formula One

Things could hardly have played out worse for Honda. It has poured what surely amounted to billions of dollars for years into its Formula One team with little effect. Then it brought in Ross Brawn, only to withdrew its support from the squad, then it sold the entire operation to Brawn while paying out big bucks to avoid an even bigger severance bill. And only then did Brawn turn the F1 team into a winner. That'd be enough to send some automakers scurrying to get back in the game, but not Honda.

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