Federal-Mogul names new co-CEO, unveils stock rights offer 3:29 pm U.S. ET | May 29, 2013  Federal-Mogul, the auto supplier controlled by longtime Wall Street deal maker Carl Icahn, has named a new co-CEO who also will head the company's aftermarket product operations. The company also announced that it would launch a $500 million stock rights offering to refinance debt.... Read More »
Former Fisker chairman Ray Lane leaves board as bidders circle automaker 4:06 pm U.S. ET | May 28, 2013 Ray Lane, a key investor and former chairman of Fisker Automotive, left the company's board of directors late last week, Kleiner Perkins Caufield & Byers confirmed on Tuesday.... Read More »
Toyota to raise board compensation 28% as earnings increase 9:43 am U.S. ET | May 28, 2013  Toyota plans to increase compensation and bonuses for board members as it forecasts profit and sales will climb to the highest level in six years.... Read More »
PSA streamlines top management after two executives step downMarch 12, 2013 18:02 CET  PSA/Peugeot Citroen has streamlined its management board after brands director Frederic Saint Geours and r&d chief Guillaume Faury left their posts. Saint Geours will stay on with PSA as an advisor to CEO Philippe Varin, but Faury is leaving the automaker to become CEO of Eurocopter.... Read More »
LINDSAY CHAPPELL How Mark Hogan came full circle to aid Toyota 12:01 am U.S. ET | March 7, 2013  The news that General Motors alum Mark Hogan will take an unprecedented director's seat on the board at Toyota Motor evokes all sorts of historical observations. But don't forget this one: Hogan has come full circle to Toyota's aide.... Read More »
Volvo adds ex-GM Europe boss Forster to boardFeb. 5, 2013 12:35 CET  Carl-Peter Forster, the former head of GM Europe and Tata Motors, has joined the board of directors at Volvo Cars. Forster will serve as a non-executive board member at Volvo.... Read More »
Zetsche's next term turns on Mercedes passing BMWFeb. 5, 2013 06:01 CET  Daimler's board is set to extend CEO Dieter Zetsche's contract by five years, handing him the chance to deliver on his goals or risk the Mercedes brand falling further behind its competitors.... Read More »
PSA appoints former EADS chief to its boardDec. 18, 2012 18:01 CET  PSA/Peugeot-Citroen appointed Louis Gallois, former head of planemaker Airbus's owner, as France's board representative at the carmaker following the government's move to help the company's bank unit.... Read More »
Piech may stay on as VW chairman; sees room for expansionNov. 11, 2012 18:01 CET  Volkswagen patriarch Ferdinand Piech said he may stay on as VW chairman beyond his current term and he sees room for the automaker to expand further.... Read More »
NADA board elects Westcott as chairman, McConnell as vice chairman for 2013 3:13 pm U.S. ET | Oct. 16, 2012 The National Automobile Dealers Association’s board of directors has elected David Westcott, 65, as chairman and Forrest McConnell III, 54, as vice chairman for 2013. Both were nominated unopposed in June.... Read More »
Mulally could stay at Ford as nonexecutive chairman, report says 1:46 pm U.S. ET | Sept. 13, 2012  Ford's board of directors is considering keeping CEO Alan Mulally involved with the automaker, after his retirement, as the board's nonexecutive chairman, a person familiar with the matter told Reuters today. The board concluded a regularly scheduled meeting today, and no announcements are planned, a Ford spokesperson said.... Read More »
Former Tower CEO, Ford exec Kathleen Ligocki joins Lear board 12:04 pm U.S. ET | Sept. 12, 2012  Seating and electrical system supplier Lear said former Tower Automotive CEO and longtime Ford executive Kathleen Ligocki has joined its board of directors. Ligocki, 55, is currently the CEO and director of Next Autoworks.... Read More »
Navistar and Icahn fight over CEO switch 12:21 pm U.S. ET | Sept. 10, 2012  Navistar International defended itself today against activist investor Carl Icahn, who had said the Illinois-based truck and engine maker's August hiring of a new CEO was ill-advised. The company accused Icahn of engaging in "threats, attacks and disruptions" after he made his criticisms public on Sunday.... Read More »
Treasury appoints two directors to Ally Financial board 3:11 pm U.S. ET | Aug. 15, 2012  The Treasury Department today named two directors to the board of Ally Financial, the auto lender which is still 74-percent owned by the federal government after a series of bailouts during the financial crisis.... Read More »
DOUGLAS A. BOLDUC Webasto CEO's career marked by tough decisions 9:45 am U.S. ET | July 19, 2012  Webasto CEO Franz-Josef Kortuem considers a pair of tough decisions made within the last decade among his proudest professional accomplishments. Kortuem, who was Audi CEO before taking charge of the German supplier 18 years ago, will transition to Webasto's supervisory board.... Read More »
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