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GM moves Nesbitt back to design group in management shake-up

General Motors has made big changes to its top management structure, splitting apart its sales and marketing activities and naming new bosses for each discipline. The goal is to reduce layers of management under Mark Reuss, GM's president for North America. Among the key changes: -- Designer Bryan Nesbitt, who was made chief of the Cadillac brand last fall, is going back to the design group.

Saab gets small payment from Youngman after yesterday’s ‘misunderstanding’

Saab gets a small payment from Youngman What on earth are we going to do once the Saab Saga is resolved? The machinations and misunderstandings surrounding Victor Muller’s increasingly desperate quest to keep Saab alive has probably provided more stories than almost anything else this year. Yesterday’s Saab episode surrounded Pangda Chairman Pang Qinghua stating that the Saab deal was no longer valid since Saab went in to court protection in Sweden, raising the prospect of one of Saab’s creditors pushing the bankruptcy button rather swiftly.

Ford warms up new era of car-guy leaders

A minor temblor shook Dearborn, Mich., today with the announcement that Mark Fields, president of the Americas, climbed the golden corporate ladder to grab the chief operating officer ring, setting him up to succeed Alan Mulally in a couple of years. The move did not come as a shock-it only confirmed the whispers of auto industry Royal Watchers. The biggest news for those who care about cars, however, is two-fold: Jim Farley, Ford's global marketing boss, also takes the helm of Lincoln.