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New GM Europe chief's plans for Opel/Vauxhall
Mon, 07 Dec 2009Nick Reilly speaks out on the future of GM Europe By Richard Webber Motor Industry 07 December 2009 13:54 Following General Motors' back-track on a buy-out from Magna in November 2009, the company's president of international operations Nick Reilly was appointed interim head of GM Europe. Now he's been made the permanent CEO of Vauxhall and Opel, making him the man charged with guiding GM's European division back to profitability.GM has big plans for Opel and Vauxhall, but has made no secret that there will be widespread pain and change before the good times return. The turnaround plan is nearing completion and it's expected there will be around 8300 redundancies, spread around Europe.
Peugeot Design Contest 2008
Thu, 09 Oct 2008Carlos Arturo Torres Tovar from Colombia was last week announced as the winner of the 5th annual Peugeot Design Contest at the 2008 Mondial de l'Automobile in Paris. The 25 year old designer's winning 'RD' concept was chosen via an online internet poll and a competition jury headed by Peugeot's Managing Director, Jean Philippe Collin. This year's contest asked designers to "Imagine the Peugeot in the worldwide megalopolis of tomorrow" and to then design a car that could evolve with the cities of the future, while retaining the key values of the 21st century.
Mazda SkyActiv technology goes on offer to raise funds
Wed, 15 Feb 2012Mazda is looking to license their SkyActiv Technology to raise capital (CX-5 with SkyActiv pictured) Mazda are predicting losses for the current financial year of £750 million and are looking to sell their SkyActiv technology to raise cash. Mazda isn’t having the best of times at the moment, despite an impressive range of cars that are getting more interesting with Mazda’s SkyActiv technology, and are predicting that they will post a loss of around £750 million for the current financial year. There are a variety of reasons for Mazda’s financial predicament – including the strength of the Yen and the production problems after the Japanese Tsunami – but this is the fourth year in a row Mazda has posted losses.