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Fritz Henderson removed as GM CEO
Tue, 01 Dec 2009General Motors' board of directors ousted CEO Fritz Henderson after eight months, saying it wanted to chart a new course as the biggest U.S. automaker pushes ahead with its restructuring. Chairman Ed Whitacre, 68, will succeed Henderson on an interim basis while a search for a new president and CEO starts immediately, Whitacre said at a press conference on Tuesday.
F1 boss denies 'corrupt bargain'
Wed, 06 Nov 2013MOTORSPORT TYCOON Bernie Ecclestone has appeared at a High Court trial to defend himself against allegations that he made a "corrupt bargain" in a bid to stay at the top of Formula 1 racing. Mr Ecclestone has been accused of entering into a "corrupt agreement" with a banker to facilitate the sale of the Formula 1 group to a buyer "chosen" by him, A German media company says it lost out as a result of the deal and has taken legal action against Mr Ecclestone - chief executive of the Formula 1 group. Mr Ecclestone says Constantin Medien's claim "lacks any merit" and denies any "conspiracy".
Lotus to unveil new clothing line
Mon, 24 Jan 2011Lotus will launch its Lotus Originals brand of outerwear, knitwear and leather goods on Feb. 23 during London's fashion week, the automaker said on Monday. The new line will include cashmere sweaters and hand-stitched leather jackets inspired by 1970s driver suits.