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Walnut, California, US
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Former Chrysler chief LaSorda joins Fisker
Thu, 15 Dec 2011Former Chrysler CEO Tom LaSorda will join Fisker Automotive as vice chairman, in the plug-in hybrid maker's second signing of an ex-Detroit 3 executive this week. CEO Henrik Fisker said LaSorda's position will include a day-to-day executive advisory role, as the fledgling automaker ramps up production of the Karma sedan at its Wilmington, Del., factory over the coming year. LaSorda will be chairman of the company's strategy council.
Saab: Turkey’s Brightwell Holdings & China’s Youngman vie for Saab
Fri, 20 Jan 2012Will Saab end up in Turkish or Chinese hands? Despite its bankruptcy, it seems China’s Youngman and Turkish equity form Brightwell Holdings ar planning on staging a bid. Saab may be bankrupt – and its car heritage from the Saab Museum up for sale – but that hasn’t stopped interest in Saab as a viable car maker from prospective suitors.
BMW: Don't fear the stop/start system in the 2012 3-series
Fri, 14 Oct 2011BMW is taking a calculated risk by installing an automatic stop/start system on its best seller, the 3-series, for 2012. But company brass is optimistic that American consumers will adjust to the relatively foreign technology. "Many customers will enjoy the car very quickly," said BMW board member Ian Robertson, who oversees sales and marketing.