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GM cuts Facebook ad spending, but Ford steps on the gas
Wed, 16 May 2012On the eve of Facebook's wildly anticipated initial public stock offering, General Motors said May 15 that it will stop buying advertisements on Facebook--about $10 million a year--but "remains committed" to the social network as part of "an aggressive content strategy with all our products and brands." In other words, GM will not pay Facebook for ads but will continue to maintain content, for which Facebook doesn't collect revenue. News of the decision was reported in The Wall Street Journal. But GM's position is far from universal.
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.
Aston Martin DBS Carbon Edition revealed
Mon, 12 Sep 2011Aston Martin DBS Carbon Edition Coupe - cost £186,582 There must come a point, somewhere along the line, where Aston Martin actually makes a new car. But that’s no time soon, so the new models are a further re-hash of the range with the Aston Martin DBS Carbon Edition making a début in both coupé and Volante guises. Apart from saving money on developing a new Aston Martin platform, AML are obviously saving money on employing anyone to come up with new names for their Limited Edition models.