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2014 Michelin Challenge Design finalists announced
Mon, 23 Sep 2013Michelin has announced the 15 finalists of the 2014 Michelin Challenge Design, themed ‘Driven/Undriven: The Duality of Tomorrow's Automobile'. Their work will be showcased in January at the North American International Auto Show (NAIAS) in Detroit. A judging panel of automotive designers and industry experts selected individuals and teams from Italy, China, South Korea, Finland, Serbia, Canada, Brazil, Mexico and Guatemala from over 900 registrants from 74 countries.
Alfa faces product freeze under a review of the struggling brand
Tue, 01 Dec 2009Fiat S.p.A. could freeze new investment in Alfa Romeo under a strategic review of the money-losing brand ordered by CEO Sergio Marchionne. A product freeze is one of two alternatives that Fiat is considering to end years of losses and declining sales at its sporty premium brand.
Ford cuts CEO's compensation 37%
Wed, 25 Mar 2009Ford Motor Co. CEO Alan Mulally earned $13.57 million in total compensation in 2008, a 37 percent decline, as the automaker avoided seeking a federal bailout while posting a record loss. Mulally will take an additional 30 percent cut in salary this year and next as he battles a global financial crisis and the worst U.S.