Sunday, November 8, 2009

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BREAKING NEWS
PEOPLE ON THE MOVE
Porsche names Meschke to succeed Haerter as finance boss
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Porsche AG has named Lutz Meschke as its new finance and purchasing chief. He succeeds Holger Haerter who quit in July when the sports car company's bid to take over the much-larger Volkswagen AG failed. Nov. 9 06:00 CET


GREEN CARS
Renault to build electric cars in Flins, France; Valladolid Spain
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Renault will build two of its new range of four electric cars in France and Spain. The company will produce its core-range electric model, a minicar, in its Flins plant, near Paris, starting in 2012. Nov. 9 06:00 CET   


GM's Forster headed for Jaguar Land Rover, reports say

Carl-Peter Forster, who quit as head of General Motors Europe on Friday, is due to take charge of Jaguar Land Rover, newspaper reports said. ...


Ex-Conti CEO Wennemer quits Opel Trust

Former Continental AG CEO Manfred Wennemer resigned from the Opel in protest against the constant interference by politicians in Germany surrounding planned sale of Opel. ...


30% cut in Opel's costs remains GM's goal, Lutz says

GM probably will stick to a plan to cut costs at Opel by 30% after deciding to restructure the European subsidiary itself rather than sell it, Bob Lutz, a GM executive se ...


Opel needs more freedom, Magna CEO Wolf says

European carmaker Opel needs to be able to operate with more freedom from its U.S. parent General Motors Co., a top executive at spurned suitor Magna International Inc. s ...


Opel unions see autonomy as key in GM talks

Opel's top German labor leader said on Sunday he is willing to hold negotiations over a restructuring of the European carmaker under its parent General Motors Co. as long ...


NEWS ANALYSIS
Less need for state aid to fix Opel would help GM repair relations with Germany

General Motors Co.'s decision to scrap the sale of Opel rests on the carmaker's calculation that the hole in its European unit's finances is not as deep as previously fea ...