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Aston Martin make Nissan’s Andy Palmer their new CEO

Andy Palmer (pictured) is taking the reins at Aston Martin Lagonda Aston Martin has effectively been without a boss since Ulrich Bez stepped down from the role last year, but that changes with the announcement that Andrew Palmer – until now, Chief Planning Officer of Nissan – is to step in to the role. There’s no specific start date for Andy Palmer at Aston, but Nissan has announced that Philippe Klein will take up Palmer’s role at Nissan on 15 September, so it shouldn’t be long before Palmer holds the reins at Aston Martin. But what exactly has persuaded Andy Palmer to jump from a big corporate behemoth like Nissan to a struggling luxury car maker with owners who either want to tug the operating strings (the Kuwaitis) or are looking for a quick return (Investindustrial)?

GM posts wider loss, burns through $5.2 billion in cash

General Motors, battered by a global economic collapse and buoyed by U.S. rescue loans, posted its sixth straight quarterly loss and burned through $5.2 billion in cash as revenue shrank by more than a third. The net loss of $9.6 billion in the fourth quarter compares with a loss of $1.5 billion a year earlier.

Study finds teens model driving habits after parents

Teen driving habits are heavily influenced by those of their parents, according to a recent study by Toyota and the University of Michigan Transportation Research Institute. Good or bad, teens are likely to model their level of distraction and attention to safety after their parents, according to the national study that surveyed teen drivers ages 16 to 18 and parents of teen drivers. In general, parents who engage in distracting behaviors more frequently have teens who engage in distracting behaviors, according to the study.