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Hyundai steps up new model push
Mon, 11 Sep 2006By Phil McNamara Motor Industry 11 September 2006 10:45 Hyundai's bid to gatecrash the world's top five car-makers will continue with two crucial new models: a seven-seat SUV and a mid-size hatch. In 2007, the aggressive Korean car maker will wade into Europe's biggest market – the C-segment – with a family hatch, and launch a big, seven-seat crossover SUV Stateside. The crossover – captured here by our spy photographers – will be named Veracruz, continuing Hyundai's habit of adopting Mexican names.
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.
Stile Bertone goes independent
Mon, 28 Apr 2008Stile Bertone is to forge an independent future under a new managing director by splitting with its coachbuilding arm and following a new business strategy. The changes were rubber-stamped at a meeting in Turin on Monday. The new managing director is former Aprilia CEO Teresio Gaudio, who has been a consultant to the Bertone family while the future of the business was sorted out.