Executives

NEWS ANALYSIS

After Piech quits, VW's search begins for perfect chairman

April 27, 2015 18:09 CET

After Ferdinand Piech's resignation as chairman, VW's supervisory board has an opportunity to give stakeholders and investors clarity regarding the automaker's long-term future while simultaneously setting up the automaker for even bigger financial gains. The trick will be picking the perfect successor to Piech.... Read More »

CHRISTIAAN HETZNER

BLOG: Why Piech's departure is bad for the industry

12:01 am U.S. ET | April 27, 2015

The stunning resignation of VW Chairman Ferdinand Piech robs the industry of perhaps its most fascinating figure. The gifted engineer is the only third-generation member of the Porsche-Piech clan to display the same extraordinary talent as his grandfather, Beetle creator Ferdinand Porsche, and uncle Ferry Porsche.... Read More »

GM ignition-switch death toll rises to 90

4:35 pm U.S. ET | April 27, 2015

The death count from General Motors' defective ignition switch has risen to 90, three more than a week earlier. Eligible injury claims have reached 163, six more than last week.... Read More »

LEADERSHIP CRISIS AT VOLKSWAGEN

VW board members demanded Piech go after learning of secret plot

April 27, 2015 08:38 CET

Ferdinand Piech, who resigned as chairman of VW Group over the weekend, caused his own demise by reneging on a deal to support CEO Martin Winterkorn and secretly plotting to oust him instead, according to sources close to the VW board.... Read More »

Sogefi names for Faurecia exec as new CEO

April 27, 2015 15:58 CET

Italian supplier Sogefi has named Laurent Hebenstreit as its new CEO. Hebenstreit, 54, a former director at Faurecia and Plastic Omnium, will succeed Guglielmo Fiocchi, who left the company late last year.... Read More »

Piech, Wiedeking unlikely to testify in hedge-fund case against Porsche SE

April 27, 2015 15:20 CET

Hedge funds involved in a legal fight against Porsche SE seemed to score a victory when a German court asked 21 people, including former VW Chairman Ferdinand Piech and ex-Porsche CEO Wendelin Wiedeking, to testify. The catch is most won't talk.... Read More »

LEADERSHIP CRISIS AT VOLKSWAGEN

Piech exit to shake up VW's politburo, creating U.S. opportunity

April 27, 2015 12:00 CET

The sudden departure of VW Group Chairman Ferdinand Piech may loosen his politburo-style management on the automaker, which could help VW finally start making cars Americans want to buy.... Read More »

VW investors hope Piech exit may usher in change

7:09 am U.S. ET | April 27, 2015

Investors hope that Volkswagen will be able to revive profitability at its core division, cure underperformance overseas and bury lingering plans for acquisitions after the resignation of Chairman Ferdinand Piech.... Read More »

Peugeot family to meet over future of its PSA stake, report says

April 27, 2015 11:27 CET

The Peugeot family plans to hold a meeting in June to work out its differences over the future of its 14.1 percent stake in PSA/Peugeot-Citroen, a newspaper reported today.... Read More »

Geely will expand UK site to build low-emission taxis

April 27, 2015 06:15 CET

The Chinese-owned UK factory that builds the iconic London black taxi will be expanded to boost output tenfold, including production of low-emission plug-in hybrid taxis.... Read More »

To EV or not to EV: The China question

12:01 am U.S. ET | April 27, 2015

As automakers race to comply with China's increasingly stringent emissions rules, they are conflicted about the best electric-vehicle strategy and about whether the Beijing government is sufficiently supporting its avowed desire to see more EV sales.... Read More »

25 with Hyundai

Dealers

12:01 am U.S. ET | April 27, 2015

Christopher Gleason, general manager of Price Hyundai in Charlottesville, Va., receives a 25-year award from Dave Zuchowski, CEO of Hyundai Motor America.... Read More »

KEITH CRAIN

50 years since 'Unsafe at Any Speed'

12:01 am U.S. ET | April 27, 2015

This year marks the 50th anniversary of Ralph Nader's bursting onto the automotive scene by publishing Unsafe at Any Speed, an indictment of the early Chevrolet Corvair with swing axles.... Read More »

Francois to speak at congress

12:01 am U.S. ET | April 27, 2015

Olivier Francois, FCA's chief marketing officer who has been the driving force behind several highly praised and high-impact advertising campaigns in Europe and the United States, will speak at the Automotive News Europe Congress on June 10 in Birmingham, England.... Read More »

VW board demanded Piech go after learning of secret plot

8:44 pm U.S. ET | April 26, 2015

Ferdinand Piech, who resigned as chairman of Volkswagen over the weekend, sowed the seeds of his own demise by reneging on a deal to support CEO Martin Winterkorn and secretly plotting to oust him instead, according to sources close to the VW board. His ouster also leaves a void at the top of Europe's largest carmaker and a host of questions about the future shape of the company. Most urgent among them is who will replace Piech in the crucial role of chairman.... Read More »

CHRISTIAAN HETZNER

BLOG: Why Piech's departure is bad for the industry

5:16 am U.S. ET | April 26, 2015

The stunning resignation of VW Chairman Ferdinand Piech robs the industry of perhaps its most fascinating figure. The gifted engineer is the only third-generation member of the Porsche-Piech clan to display the same extraordinary talent as his grandfather, Beetle creator Ferdinand Porsche, and uncle Ferry Porsche.... Read More »

Piech's reign ends after 500-mile trek to German city that once honored him

1:47 pm U.S. ET | April 26, 2015

Ferdinand Piech's two decades of unyielding authority over Volkswagen ended after a 500-mile journey to Braunschweig, a small city in central Germany where just last year he was feted as a savior of jobs.... Read More »

Piech resigns as VW chairman after failing to oust CEO

12:38 pm U.S. ET | April 25, 2015

Ferdinand Piech, a towering figure at Volkswagen for more than two decades, resigned as chairman on Saturday after losing a showdown with CEO Martin Winterkorn. Piech, the 78-year-old grandson of the inventor of the VW Beetle, had previously ousted other executives who crossed him, including his hand-picked successor as Volkswagen CEO, Bernd Pischetsrieder.... Read More »

NEWS ANALYSIS

Ruthless VW patriarch Piech overplays last hand, ending era

8:29 pm U.S. ET | April 25, 2015

Ferdinand Piech's iron-fisted rule over Volkswagen helped him build an empire spanning fuel-efficient city cars to 40-ton trucks, but in the end he overplayed his hand and was forced out before reaching his goal of making VW the world's biggest carmaker.... Read More »

Bitter rivals at home, GM and Ford taking different roads abroad

12:01 am U.S. ET | April 25, 2015

General Motors and Ford, Detroit's two venerable rivals, usually compete toe-to-toe in everything they do. But in Russia, they are headed in radically different directions.... Read More »

Volvo will build new compacts in Belgium, CEO says

April 24, 2015 14:57 CET

Volvo will build a new family of compact cars on a common platform shared with parent Zhejiang Geely at its Belgian factory, CEO Hakan Samuelsson said. The compacts may also be built in China, the CEO said.... Read More »

France to 'talk again' with Renault; reaffirms vote plan

April 24, 2015 20:50 CET

French Economy Minister Emmanuel Macron said on Friday he would "talk again" with Renault CEO Carlos Ghosn but reaffirmed his intention to boost the government's voting rights in the carmaker in defiance of Ghosn's wishes.... Read More »

VW leadership crisis escalates as board members criticize Piech

April 24, 2015 15:39 CET

VW's leadership crisis is refusing to go away, a week after its warring chairman and CEO officially put aside their differences, sources told Reuters. Chairman Ferdinand Piech, who was forced to back CEO Martin Winterkorn April 17, asked Porsche CEO Matthias Mueller this week to be ready to replace Winterkorn, Der Spiegel reported Friday.... Read More »

Audi prepares electric SUV to fight Tesla

April 24, 2015 06:01 CET

Audi is set to launch a full-electric SUV with a 500km (310 mile) range that will challenge Tesla's Model X crossover, but CEO Rupert Stadler remains cautious about EVs. Plug-in hybrids will be the preferred choice for customers looking for a vehicle with some form of electrification for the next 10 to 15 years, he said.... Read More »

GM paid Barra $16.2 million in 2014

11:00 am U.S. ET | April 24, 2015

GM CEO Mary Barra received $16.2 million in total compensation during her first year leading the automaker, GM said in a regulatory filing today. Barra's payout included a base salary of $1.6 million, stock awards totaling $11.8 million, and $2.1 million from a short-term, nonequity incentive tied to several performance measures, such as GM's pretax profit and global market share.... Read More »

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