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General Motors fires back at Volkswagen
Thu, 14 Jul 2011General Motors issued a terse response this week to published comments by Volkswagen CEO Martin Winterkorn, who suggested to the German press that Opel could be sold to a Chinese competitor. Detroit-based GM called Winterkorn's comments “regrettable” and accused him of “fanning speculation.” Opel was nearly sold to Magna and Russian investors in the wake of GM's 2009 bankruptcy. But then-CEO Ed Whitacre and the corporate board reversed that decision, igniting controversy from German political and labor leaders who have long chafed under American oversight.
Aston Martin Cygnet planned for 2011 production
Mon, 11 Oct 2010Aston Martin said on Monday that the Cygnet--a reworked version of the Toyota iQ city car--will go into production in 2011. The Cygnet, which was shown as a concept car at the Geneva motor show in March, is just less than 10 feet long. "Our customers need a small car for urban and city use and they want the right tools for the right job, to downsize creatively without compromising intelligence, artistry and personality," said Aston Martin CEO Ulrich Bez.
Fiat dealers likely to get Alfa, Marchionne says
Tue, 24 Aug 2010Sergio Marchionne, CEO of the Chrysler Group, said that Alfa Romeo vehicles will likely be sold at Fiat dealerships in the United States. About 200 Fiat franchises will be awarded this fall, mainly to Chrysler Group dealerships in metro markets friendly to small cars. Fiat is preparing to bring Alfa vehicles to the United States starting in late 2012.