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More executive upheaval as GM changes CFO
Thu, 10 Mar 2011Chris Liddell, the onetime executive hotshot hired from Microsoft and rumored to be a candidate for CEO, is leaving General Motors on April 1. The 52-year-old will be replaced by Dan Ammann, 38, who is GM’s treasurer. Liddell oversaw GM’s historic return to the stock market last year after its 2009 bankruptcy.
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".
Bought a hybrid car? You probably won’t buy another.
Tue, 10 Apr 2012Only 1 in 3 would buy a hybrid car again. Automotive Researchers Polk reveal that buyers of hybrid cars in the USA are unlikely to buy hybrid again. It’s a persuasive argument: Buy a hybrid car, travel in comfort, average 70mpg and save the planet.