General Motors is replacing its president in China after a year. Matthew Tsien, 53, a GM vice president, will take over from Bob Socia, 59, when he retires on Jan. 1, the company said in a statement Friday.
Ford will halt production at its Romanian car factory for an extra seven days ahead of the Christmas break in December because of continued low demand in the European market, the U.S. carmaker said on Friday.
GM will replace its president in China after a year. Matthew Tsien, 53, a GM vice president, takes over from Bob Socia, 59, when he retires on Jan. 1, the company said in a statement today. GM was outsold in China by VW in three of the past four quarters.
Despite its poor performance in Europe, Lexus will set a global sales record of more than 520,000 units this year. Mark Templin, executive VP of Lexus International, said that worldwide sales would "finish on the north side of 520,000," edging Lexus' high of 518,300 units in 2007.
General Motors CEO Mary Barra comments on lessons from mom; girls who shy away from math; slicing a 10-page policy down to two words; tapping millennials to erase stupid habits; taking regular trips to Silicon... » Watch the Video