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Marchionne's dilemma: To sell or not to sell Alfa to Volkswagen?
Wed, 01 Dec 2010Fiat CEO Sergio Marchionne's self-confidence has helped him tackle problems that lesser executives would duck, but he may have met his match. In a public test of Marchionne's faith in his own turnaround strategy, in September Volkswagen Chairman Ferdinand Piech bluntly announced that he wants to buy Alfa Romeo. Piech was suggesting that VW--and only VW--could transform Fiat's perennial money-losing brand into a real moneymaker.
UPDATE: Jack Roush hospitalized after crashing plane, injuries not life-threatening
Wed, 28 Jul 2010NASCAR team owner and Mustang guru Jack Roush crashed while landing his plane on Tuesday in Oshkosh, Wis. He's in serious but stable condition and his injuries are not life-threatening. Roush was landing his Hawker Beechcraft Premium jet at the Oshkosh airport about 6:15 p.m.
Michael Mauer appointed head of design at Porsche
Mon, 10 May 2004Porsche AG has anounced the appointment of Michael Mauer to take over as chief designer from Harm Lagaay, who will retire on July 1 after 15 years in the post. Michael Mauer, 41, studied automobile design at Pforzheim University, and started his career at Mercedes-Benz. In 1989, he was appointed design project leader for the Mercedes V Class models, and was in charge of design work for the first SLK model generation.