Tony George out as Indianapolis Speedway boss
Tony George will no longer have day-to-day responsibility for running his family businesses, including the Indianapolis Motor Speedway. Current Chief Financial Officer Jeffrey Belskus is the new CEO of the Indianapolis Motor Speedway Corp. 12:53 pm U.S. ET | July 2
GREEN CARS
U.S. EPA approves California emissions standard
The Obama administration today approved California's long-standing bid to set its own tough standards for vehicle tailpipe emissions, a decision in tune with a national plan to boost fuel efficiency and reduce greenhouse gases linked to climate... 11:16 am U.S. ET | June 30 | UPDATED: 6/30/09 5:06 p.m. ET
THE GM BANKRUPTCY
Efforts to save two leading European carmakers took a twist today that could change the ownership of both crisis-hit General Motors' Opel and German sportscar maker Porsche. 2:00 am U.S. ET | June 30 | UPDATED: 6/30/09 10:55 a.m. ET
Akio Toyoda, the new president of Toyota Motor Corp., wants speedy reforms at the world's biggest carmaker, but many want him out of the fast lane. 12:01 am U.S. ET | June 29
Volkswagen AG denied today that it had presented Porsche Automobil Holding SE with an ultimatum to accept its plan for a merger of the two carmakers. 12:01 am U.S. ET | June 29 | UPDATED: 6/28/09 12:40 p.m. ET
Porsche's chairman is furious with Volkswagen AG. Wolfgang Porsche said in a statement Saturday that the sports car maker would not be “blackmailed” into a merger with VW. 12:01 am U.S. ET | June 29
Ford Motor Co. is poised to take advantage of steadier auto sales and increasing U.S. market share by stepping up production, CEO Alan Mulally said. Mulally also said the automaker would use the $5. 12:01 am U.S. ET | June 26
Ford Motor Co. is seen likely to pursue additional debt restructurings that may include a debt exchange, or a debt-to-equity swap, as the company burns through cash and takes on new government loans. 12:01 am U.S. ET | June 26
Akio Toyoda, the new head of Toyota Motor Corp., warned today the auto industry faces two years of tough times as he outlined his strategy to make the company founded by his grandfather profitable again. 2:31 am U.S. ET | June 25 | UPDATED: 6/25/09 11:48 a.m. ET
U.S. auto dealers will determine whether consumers receive markdowns on new vehicle purchases under the $1 billion “cash for guzzlers” program President Barack Obama signed into law on Wednesday 12:01 pm U.S. ET | June 24 | UPDATED: 6/24/09 11:45 p.m. ET
Yoshiki Sekiguchi has replaced Haruya Maruyama as CEO at Denso International America Inc. and will direct the Japanese auto parts supplier's North American operations, the company announced today. Maruyama had served as CEO since April 2008. 3:13 pm U.S. ET | June 24 | UPDATED: 6/24/09 4:06 p.m. ET
GREEN CARS
President Barack Obama urged the House to pass a greenhouse gas emissions bill that would require the federal government to help automakers retool to make plug-in electric vehicles. 1:56 pm U.S. ET | June 23
Akio Toyoda was approved as the new president of Toyota Motor Corp. today as part of a top management shuffle that elevates a veteran executive to head North American sales. 12:01 am U.S. ET | June 23 | UPDATED: 6/23/09 8:00 a.m ET
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