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Volkswagen to take over Porsche
Thu, 23 Jul 2009VW now seem set to take control of Porsche Porsche need a way out of the hole they are in and VW is the best way out. The two warring side of the Piech family – owners of VW and Porsche – now appear ready to swallow hard and see the inevitable happen. But will it be so bad?
Two top Ford execs to retire
Thu, 09 Feb 2012Two top Ford Motor Co. executives, CFO Lewis Booth and global product development chief Derrick Kuzak-- both key architects of the automaker's recovery--will retire on April 1, the automaker said Thursday. Booth, 63, will be succeeded by Bob Shanks, Ford's vice president and controller.
VW to build engine plant in Mexico to supply Tenn. factory, source says
Wed, 22 Sep 2010Volkswagen AG plans to announce Wednesday that it will build an engine plant in Mexico to supply vehicles assembled in North America, a source at the company's assembly plant in Puebla said. A VW spokesman confirmed that the company will make an announcement but declined to say what it will concern. The new plant will supply an existing VW plant in Puebla, 75 miles southeast of Mexico City, and one being built in Chattanooga, Tenn., the source said.