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Volkswagen says Italdesign purchase will boost its growth strategy
Tue, 25 May 2010Volkswagen AG will acquire a 90 percent stake in Italdesign Giugiaro S.p.A., VW said Tuesday. The Giugiaro family will retain 10 percent in the 42-year-old automotive styling company that is famous for designing cars such as the first-generation Volkswagen Golf. VW CEO Martin Winterkorn said Italdesign will make an important contribution to the automaker's 2018 global growth strategy.
Nissan to slash jobs, production after forecasting $2.9 billion loss
Mon, 09 Feb 2009Reversing his profit forecast to a loss, Nissan Motor Co. CEO Carlos Ghosn entered crisis mode on Monday. Ghosn announced plans to slash 20,000 jobs, cut production by 20 percent, scale back model launches and delay new factories.
Cross-country in a Corvette Stingray: Conclusion
Tue, 27 Aug 2013The final leg of our cross-country Corvette trip took us from Detroit to Charlevoix, Mich. -- about 45 minutes north of our birthplace, Traverse City. Aside from the drivers on I-75 in metro Detroit -- who may be the worst in the world -- and the still-intermittent audio system, the ride was pretty uneventful.