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Nissan pulls the plug on the Altima hybrid
Tue, 14 Jun 2011It's last call for the Nissan Altima hybrid sedan. The 2011 model year will be the last for the gasoline-electric version of the Altima, ending a four-year run. While the Altima is one of Nissan's core models in the U.S.
Fritz Henderson removed as GM CEO
Tue, 01 Dec 2009General Motors' board of directors ousted CEO Fritz Henderson after eight months, saying it wanted to chart a new course as the biggest U.S. automaker pushes ahead with its restructuring. Chairman Ed Whitacre, 68, will succeed Henderson on an interim basis while a search for a new president and CEO starts immediately, Whitacre said at a press conference on Tuesday.
Fiat's Montezemolo plans to quit as chairman, sources say
Tue, 20 Apr 2010Fiat S.p.A. Chairman Luca Cordero di Montezemolo will quit as company chairman to go into politics, three sources close to the company said. Montezemolo is set to stay on Fiat group's board, as well as remain chairman of the company's Ferrari sports car subsidiary.