Amidst a good year for Cadillac, which is experiencing higher sales gains than any other US brand this year, the US sales chief has been fired over a policy violation, Automotive News reports.
- Domenick Yoney
- Nov 15, 2009
A website devoted to following the development of that futuristic vision of automotive efficiency known as the Aptera has spent much of the month of November in stomach-knotting suspense as rumors began flowing that CEO Paul Wilbur and company directors were planning significant staff cuts (thread here). According to multiple anonymous sources, the blood-letting began in earnest on Thursday when the top fabrication engineer and supervisor (and aluminum jewelery maker) Tim Dine was axed and conti
- Jonathon Ramsey
- Mar 30, 2009
Christian Streiff, CEO of PSA Peuget/Citroen since early 2007, has been pushed out by Peugeot's board, controlled by members of the Peugeot family. Streiff took the position after a short, turbulent stint as CEO of Airbus, and his time at Peugeot wasn't much more relaxing. Upon taking the position he stirred things up, changing how models were developed and manufactured. The company earned profits of €885 million in 2007, and while Streiff was controversial to some, he was safe.
- Michael Harley
- Mar 19, 2009
With 58,000 fewer new vehicles sold in 2008 and a net profit nearly 90 percent lower than it was in 2007, The Independent is reporting that BMW is cutting its board member bonuses by 40 percent. In addition, the balance of its 100,000 employees are facing pay cuts. The sales slowdown will also take a bite out of salaries at all levels, as chief executive officer Dr. Norbert Reithofer, explains:
- Damon Lavrinc
- Jul 7, 2008
FOLLOW UP: Tony Cervone, a GM spokesperson, has told Bloomberg that HUMMER is the only brand the General is considering selling or closing.
- Sam Abuelsamid
- Jun 1, 2008
click above to view high-res gallery of the pics in question
- Jonathon Ramsey
- Feb 13, 2008
Next Monday is President's Day, and a lot of workers will get the day off. Some other employees, like former Kia execs Len Hunt, CEO of Kia Motors America, and Ian Beavis, VP of marketing, will have more than just the day off: they recently ended their employment with Kia over what's being portrayed as a case of humor that got lost in translation.
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