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Mercedes removed Lieb over compliance issue, report says

Daimler AG dismissed Mercedes-Benz USA chief Ernst Lieb for violations of human resources and ethics policies relating to household expenses paid by the automaker, The Financial Times reported Wednesday, citing sources close to the company. Lieb was abruptly removed as head of the automaker's second-largest market on Oct. 17 after more than 30 years at Daimler.

Vast Private Collection To Go Under The Hammer

AN AUCTION of more than 1,000 lots all from the same collection is due to go under the hammer later this month. The collection belongs to Michael Banfield, who has amassed a huge collection covering the history of the car in the UK. Among the earliest cars for sale are a 1904 Mors Roi de Belges, which is in perfect working order, ready to be used and is estimated to make £500,000.

Former General Motors CEO Robert Stempel dies

Former General Motors CEO Robert Stempel, who led the automaker during a turbulent period of recession and restructuring in the early 1990s, has died at the age of 77. "Bob was a very popular chairman with employees, and his many accomplishments as a visionary engineer included leading the development of the catalytic converter, one of the great environmental advancements in auto history," GM said in a statement. "His knowledge of battery development led to the push for the EV1 electric car, and Bob continued to build his expertise in the electrification of the automobile after he left GM in 1992." Stempel died Saturday in Florida, the Detroit News and Detroit Free Press reported Monday night.