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Audi U.S. chief Johan de Nysschen leaves post
Fri, 01 Jun 2012Longtime Audi veteran Johan de Nysschen, who rose to become president of the company's U.S. unit, has resigned for another job that is unknown at this point. COO Mark Del Rosso will handle daily operations until a replacement is named.
Chevy Cruze Diesel: As torquey as a classic Camaro?
Thu, 13 Jun 2013From the Department Of Silly Press Releases comes this missive from deep within the bowels of the Renaissance Center, Junior Wool-Pulling Division, located next to the Quizno's. "Cruze Clean Turbo Diesel Delivers Classic Muscle Car Torque," it reads, and while torque is the Great Equalizer of the continued championing of the diesel engine, comparing it to the sturm und drang of launching a 1972 Camaro Z28 from the parking lot of the Hendersonville, Tenn., Shoney's is tantamount to the sort of blasphemy that gets people excommunicated. For the record, the Chevrolet Cruze Diesel's 2.0-liter turbodiesel engine produces 264 lb-ft of torque, more than the Volkswagen Jetta TDI's at 236 lb-ft.
Ford slows rate of cash burn in posting $1.4 billion net loss
Fri, 24 Apr 2009Ford Motor Co., the only U.S. automaker operating without federal bailout loans, burned through $3.7 billion in cash during the first quarter in posting its fourth straight quarterly loss. Ford slowed the burn rate from the fourth quarter of 2008, when cash declined by $5.5 billion.