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General Motors reshuffles Executive Design leadership team
Mon, 07 May 2007General Motors will be changing its Executive Design leadership team around in the coming months to accelerate global product development. The announcement came on the heels of news regarding the giant automaker being surpassed by rival Toyota in global sales. In an effort to bring itself out of the red, the company is reshuffling its design team in several areas.
VW and Chinese ‘in talks to buy Vauxhall/Opel’ from GM
Thu, 09 Jun 2011GM is considering selling its loss-making European operations, it emerged tonight. If it goes ahead and severs ties with GM Europe, the General would cede control of Vauxhall and Opel, the second biggest car brand in the UK.And in another extraordinary twist, CAR has confirmed that top-level talks have been taking place between Volkswagen and the German government, which is keen to avoid Opel falling into foreign hands. Chinese car makers are circling but Chancellor Angela Merkel, who has close connections to Volkswagen chief Martin Winterkorn, would prefer VW to step up to the plate as a potential buyer than a Chinese brand.
Volkswagen to launch budget brand, priced from £4800
Thu, 11 Oct 2012Volkswagen is planning to launch a new budget brand to challenge the likes of Dacia – and the bargain basement minis will be sold in Europe too. Prices for the yet-nameless new cheap VWs will start from just €6000, or £4800, according to paperwork seen by CAR. How can VW build city cars so cheaply?