Ask people in Washington or on Wall Street who they want to see running General Motors Co. and the answer is the same: another Alan Mulally. Without any experience in the auto industry, he ended Ford's decade-long decline in U.S. market share, changed its notoriously careerist corporate culture and secured enough financing to allow it to weather the economic crisis.
When Bill Ford Jr. decided in 2006 that fixing Ford Motor Co. was a bigger challenge than he could handle, he began making a list of the qualifications he wanted in his replacement.
General Motors' European President Nick Reilly would not comment today about possibly closing an Opel plant in Antwerp but said he is still studying alternatives. An announcement could be made within two to three weeks or early next year, Reilly told reporters. He said he still expects about 9,000 job reductions across Europe.
Edward Whitacre Jr. seized the reins at General Motors Co. three days into his tenure as CEO and reshuffled the automaker's management team, giving more responsibility to younger executives and women and emphasizing accountability as a core GM value.
Ford Motor Co. will issue up to $1 billion in new stock, according to documents filed by the company with the U.S. Securities and Exchange Commission after the markets closed on Friday.
Federal safety officials have opened a probe into two models of Toyota Motor Corp. vehicles after drivers reported that their cars stalled in traffic, sometimes at highway speeds.
General Motors Co. is considering granting workers at the Adam Opel GmbH division a stake in the unit as the biggest U.S. automaker seeks to secure a deal on labor concessions in Europe.
Tokyo -- General Motors Co. and Suzuki Motor Corp. have agreed to end their joint venture in Canada, leaving GM without a Japanese automaking partner after also severing manufacturing links with Toyota.
General Motors Co. and Chrysler Group LLC are offering to spare some of the more than 2,000 dealerships slated for closure in the automakers' drastic cost-cutting plans.
