Posts Tagged ‘s board’

Wolfgang Porsche joins VW board

Friday, March 14th, 2008
Porsche has been in the news quite a bit over the past few weeks. While one hand is embroiled in an emissions tax battle with the Mayor of London, the other hand is slowly scooping up shares of Volkswagen.In related news, Porsche Chairman Wolfgang Porsche was nominated today to the Volkswagen super......

Bill Ford continues to refuse paycheck from board

Wednesday, March 12th, 2008
Ford Chairman Bill Ford hasn't been compensated for working at his great grandfather's company since May 2005, and he doesn't intend to cash in until the Blue Oval makes a sustained profit. Ford's board of directors decided that nearly three years was too long to work pro bono and tried to pay the F......

Ford readying bonuses for entire workforce

Wednesday, March 12th, 2008
Ford is making significant strides to turn its North American operations around. In 2006, it was able to cut almost 34,000 workers from its payroll after one round of buyouts and is looking to cut even more of its workforce this year through another payoff program that's being offered to 54,000 UAW-......

VW won’t get a seat on Porsche’s board

Friday, July 20th, 2007
There's no record of VW actually asking for one, but in case they wanted a seat on Porsche's management board, Porsche has said, "Uh, nein." That's the word from Porsche Automobil CFO Holger Härter, who forms half of the management board. The other half is Porsche CEO Wendelin Wiedeking. Nor will t......

Updates on Audi: A1 coming, Tokyo concept, A8/Bentley diet

Friday, July 13th, 2007
4Car sat down with Michael Dick, a member of Audi's board who heads up the product engineering side of things, and came away with new insights on the MINI-fighting A1, the future of Bentley and what products are waiting in the wings.Starting small, Audi's new A1 will not share the all-aluminum const......

New chair gets filled on Ford’s board

Thursday, May 10th, 2007
Ford Motor Company has added some manufacturing and dealer know-how to the company's board of directors with the addition of Caterpillar Inc. group president Gerald Shaheen. Gerald's expertise also branches out to the UAW, where he got major concessions for Caterpillar in 2005. Besides Shaheen's job......

Toyota shareholder meeting turns into tearful lovefest

Sunday, April 22nd, 2007
You can imagine that for most automakers in today's market, shareholder meetings are about as fun as finding out your CUV only got 4 stars from the NHTSA instead of 5. Toyota has often been the exception to the rule, and its recent shareholder meeting went down unlike any other today in Toyota City,......

Toyota may slow U.S. factory expansion

Friday, April 20th, 2007
Toyota's rise to the number one position in the global car industry hasn't been without its setbacks. The carmaker is starting to feel growing pains following its rapid expansion over the past few years, and the issue has got some if its top brass very concerned. The Detroit Free Press is reporting ......

Jim Press gains a seat on Toyota’s board of directors

Wednesday, February 21st, 2007
Jim Press, the man at the helm of Toyota Motor North America, is set to become the first non-Japanese member of Toyota's board of directors. He is currently a managing officer of the company, but when promoted the title on his desk will read "Senior Managing Director". That desk will be shipped to J......

Bob Lutz on retirement: “Utter B.S.”

Friday, November 3rd, 2006
"This is all complete and utter B.S. 100 percent fiction from A to Z," said GM's vice chairman of product development told The Detroit News. "I'm not going anywhere."It seems GM's Board of Directors altered Lutz's contract earlier this month to boost his retirement benefits to $3.4 million, which wa......