Headlines for Friday, November 30, 2012
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Lotus sues fired CEO for lavish spending on homes, helicopters
Lotus said ousted CEO Dany Bahar stuck the carmaker with the cost of his luxury lifestyle. Lotus is seeking to recoup about $4 million for unauthorized expenses and overpaid salary and bonuses. Read More »
Europe's crisis forces organizers to cancel Amsterdam auto show
Organizers of next year's Amsterdam auto show have cancelled the event because of a lack of interest from automakers. Read More »
Aston Martin put on downgrade watch by Moody's as funds dwindle
Aston Martin has been put under review by Moody's for a possible credit downgrade as it runs through its cash reserves. Read More »
U.S. dealers can use Porsche test track to win over customers
When Porsche's $100 million North American headquarters in Atlanta opens in 2014, dealers will have another tool to close a sale or reward a loyal customer. The headquarters project includes a test track and a customer experience center that dealers are invited to tap. Read More »
Porsche argues U.S. is not the forum for suit by hedge funds
Porsche SE is seeking to reverse a ruling in the United States that the company must face a lawsuit by hedge funds accusing it of hiding a plan to corner the market in Volkswagen shares. Read More »
