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GM to keep GMC, Pontiac, exec says
Thu, 16 Apr 2009A senior General Motors executive today denied reports that President Barack Obama's automotive task force has pressured the automaker to dump GMC and Pontiac. Company sales chief Mark LaNeve also denied rumors that GM plans to terminate the franchise agreements of poorly performing dealers before June 1 to accelerate its dealership consolidation campaign. "The strategy we laid out for you [in February] is still the strategy," LaNeve, GM's vice president of vehicle sales, service and marketing, said today in an interview with Automotive News.
Audi buys Ducati. Trophy or shrewd investment?
Thu, 19 Apr 2012Audi buy Ducati It’s been confirmed that Audi is to buy Ducati, the Italian Super Bike maker, for an undisclosed sum thought to be around £700 million. Last month we reported that Audi has entered in to an exclusive agreement to buy Ducati, pipping Mercedes to the trophy super bike maker and adding a trophy to its cabinet. And the deal is now done.
United States Grand Prix: Vettel on pole for Red Bull
Sat, 17 Nov 2012Sebastian Vettel has put his Red Bull on pole for tomorrow’s U.S. Grand Prix in Austin, Texas, moving him closer to the world championship. The United States Grand Prix at the Circuit of the Americas in Austin, Texas, may be a new addition to the F1 Circus, but there was nothing new about qualifying for tomorrow’s 2012 U.S.