Gulf States hires Ford vet
HOUSTON - Gulf States Toyota Inc. has hired a 30-year Ford Motor Co. veteran to replace a leader it lost to Ford of Europe. The independent distributor has named Toby Hynes president and general manager. Hynes has been president and COO of Ford's Primus Financial division since 1995. He replaces Earl Hesterberg, who left two months ago to become vice president of sales, marketing and service for Ford of Europe.
GM OFFERS BUYOUTS
DETROIT - General Motors is offering buyout packages to as many as 4,000 salaried workers in the United States. GM has about 48,000 U.S. salaried employees. GM spokeswoman Leah Haran said the company has had similar programs during the past three years 'to enhance GM's natural attrition rate,' which is about 4 percent per year. The buyout packages reportedly are being offered to workers over age 60 or those who have worked for GM more than 10 years. Haran would not confirm the details.
NEW LAND ROVER TEAM
LANHAM, Md. - Howard Mosher, recently appointed president of Land Rover North America Inc., last week selected an outsider as marketing vice president - James Selwa, a former CEO of Lotus Cars USA. Mosher succeeded founding president Charlie Hughes, who resigned effective June 15.
GM SEEKS REVERSAL
LOS ANGELES - General Motors has asked a California judge to overturn the $4.9 billion judgment awarded July 9 to six people badly burned in a 1993 car accident.
A Los Angeles County Superior Court jury blamed GM for the fire that ensued after the 1979 Chevrolet Malibu carrying the plaintiffs was hit from behind by another vehicle. GM says the fault lies with the drunk driver who hit the Malibu at approximately 70 mph, not with the design of the Malibu's fuel system.
In a motion filed Wednesday, July 28, GM said it was precluded from proving the Malibu's 'excellent safety record' during the trial and that the jury had no reasonable basis for finding GM liable.
GROUP 1 GAINS
HOUSTON - Group 1 Automotive Inc., a publicly held dealership group that has been growing quickly through acquisitions, earned $9.2 million in the second quarter, a 64 percent increase over last year. Revenue was $625.4 million, up 45 percent from 1998.