Ferrari Chairman Luca Cordero di Montezemolo has lived through many highs and lows, both on the racetrack and at the office. Times are good now. Last year, the automaker had record sales of 7,318 supercars and an operating margin of 14.4 percent.
Subaru, the only automaker to boost sales in the United States each of the past five years, plans to expand production capacity at its Indiana factory by about 30 percent and add output of the Impreza compact car by 2016.
One of Joel Ewanick's big moves in his brief reign as chief marketing officer of General Motors was to combine two rival ad agencies and give them the Chevrolet account, ousting Campbell Ewald after decades of experience. It turns out that Don Draper had that exact same idea in 1968.
GM will discuss labor woes in South Korea with the country's president, the automaker's CEO was quoted as saying by its Korean union, a move that could complicate already troubled relations with its work force in the country. GM makes most of the Chevrolet vehicles it sells in Europe in Korea.
TRW will boost production at a new eastern European factory on growing demand from Audi and other automakers. The U.S. supplier plans a fivefold output boost at a steering wheel leather wrapping plant in Baia Mare, Romania, that opened in January.
Audi sales rose 7 percent in April to 133,500 vehicles on strong demand in China and the United States, pushing four-month sales to 503,000. It is the first time that Audi has topped a half million deliveries in just four months, the automaker said Tuesday.