Home Depot CEO resigns abruptly
Bob Nardelli abruptly resigned Wednesday as chairman and chief executive of The Home Depot Inc. [Tony Stewart sponsor] after a six-year tenure that saw the world's largest home improvement store … Read More
An Inside Look at Motorsports
Bob Nardelli abruptly resigned Wednesday as chairman and chief executive of The Home Depot Inc. [Tony Stewart sponsor] after a six-year tenure that saw the world's largest home improvement store … Read More
Bucking an expected trend among U.S. automakers, the Chrysler Group today posted a 1 percent uptick in December sales. The Auburn Hills-based company wooed year-end purchasers with hefty incentives to … Read More
Among the year-ahead predictions from Bloomberg columnist Matthew Lynn is: A hedge-fund manager will buy Aston Martin. "Ford Motor Co. has already put its world-beating luxury-car unit Aston Martin up … Read More
Toyota at the Detroit auto show will unveil the FT-HS Hybrid Sports Concept — a two-door sports coupe that could provide clues to the next Supra. Toyota says the 400 … Read More
Ford Motor Co. is expected to announce an alliance with Microsoft Corp. next month that will bring wireless Windows connectivity into the automobile, a move that could give the automaker … Read More
UPDATE #2 Despite a meeting between chief executives of Toyota Motor Corp. and Ford Motor Co., analysts said today that ties between the two were likely to be limited to … Read More
UPDATE This NY Times article talks in more detail about Toyota becoming #1. 12/22/06 Toyota Motor Corp. said on Friday it expects to produce a record 9.42 million vehicles in … Read More
Ford Motor Co. will slip to become the No. 3 automaker in the United States next year as Japanese rival Toyota Motor Corp. powers ahead in the industry's largest market, … Read More
On Saturday, December 16 at 10:00 a.m., consumer, labor and community activists will join striking United Steelworkers (USW) Goodyear employees to protest Goodyear's assault on the living standards of its … Read More
Ford Motor Co. is delaying plans to build a new, low-cost assembly plant in North America and may abandon the plan entirely, Ford Americas President Mark Fields said Tuesday. Plans … Read More
Most of Ford Motor Co.'s white-collar workers will get buyout offers by the end of next week. The massive effort will start Monday and involve mostly individual meetings between thousands … Read More
HANGZHOU, China – Wanxiang, China's largest car-parts maker and one of its most acquisitive companies, is in talks with Ford to buy assets from the U.S. carmaker's troubled components arm. … Read More
Even as buyouts are pushing UAW membership below 500,000 — one-third its historic peak — Wall Street analysts said Thursday that General Motors Corp. is looking to further reduce its … Read More
A rare 1939 German sports car commissioned by Adolf Hitler is expected to command the highest price ever paid for any automobile at auction, according to Christie's, which will conduct … Read More
General Motors has cancelled plans for its next-generation minivans, Detroit reports say. However, a GM spokesperson said no decision has been made, although he acknowledged that the program is under … Read More
Billionaire Kirk Kerkorian apparently sold his entire remaining stake in General Motors Corp. on Thursday, ending a drama that could have reshaped the global auto industry but concluded with the … Read More
GKN PLC, a Britain-based supplier of technology that transmits rotational power to a vehicle's wheels, said Friday it has entered into exclusive discussions with Visteon Corp. to buy Visteon's European … Read More
A leaked copy of Toyota Motor Corp.’s “global master plan" calls for grabbing 14% of the world car market by 2010 as the company moves toward unseating rival General Motors … Read More
UPDATE #2 BMW Chief Executive Norbert Reithofer said the German automaker has no interest in buying the iconic Aston Martin brand. Ford Motor Co. has put up for sale the … Read More
UPDATE Eight years after being taken over by Daimler-Benz, Chrysler remains a company in need of restructuring. So much so, in fact, that executives at the German company are increasingly … Read More
Ferrari will soon be 90% Fiat's, Fiat chief executive Sergio Marchionne said. Italian news reports, covering Marchionne at the world auto show in Paris, quoted Marchionne as saying that at … Read More
TOKYO — The president of Toyota Motor Corp. said his company’s business strategy won’t be affected by a possible three-way alliance between General Motors, Nissan and Renault, according to a … Read More
Shortly after a three-hour-plus meeting Wednesday in which he and General Motors Corp. Chairman Rick Wagoner weighed the possibility of forming an unprecedented automaking alliance, Renault-Nissan Chief Executive Officer Carlos … Read More
Convenience store operator 7-Eleven Inc. is dropping Venezuela-backed CITGO as its gasoline supplier at more than 2,100 locations and switching to its own brand of fuel. The retailer said Wednesday … Read More
General Motors, Renault and Nissan today said that a meeting was held between Carlos Ghosn, President and Chief Executive Officer of Renault, SAS and Nissan Motor Co., Ltd., and Rick … Read More