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Ferrari black: Prancing Horse turns a profit in first quarter
Wed, 06 May 2009Ferrari racers have always worn red. But black has been the standard-bearer for the company so far this year, as the Prancing Horse turned a $72 million trading profit in the first quarter. Making money amid the global economic crisis is no small feat--and Ferrari posted the gain despite a slip in sales and revenue.
Who's Where: Toyota design chief moves to head-up Yamaha design
Tue, 15 Jul 2014Akihiro Dezi Nagaya has moved from his position as chief designer at Toyota to Yamaha Motor Company, where he will take up the post of chief general manager of design. The move became effective on 1 July, and sees Nagaya move from his position as CEO of Tecno Art Research, a freelance design office for Toyota projects located in Nagoya, Japan. His replacement at Tecno Art Research is Hiroshi Kawahara, Toyota's former general manager of advanced design.
GM to pull Cadillac from some European markets
Fri, 27 Mar 2009General Motors will halt Cadillac sales in more than half of the brand's European markets following the collapse of its regional distributor. The U.S. carmaker will focus on markets such as Russia, the United Kingdom and Switzerland where the luxury brand has been able to compete against Germany's BMW, Mercedes-Benz and Audi premium brands.