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Gerry McGovern to head Land Rover Advanced Design
Thu, 29 Apr 2004Gerry McGovern has been named Director, Advanced Design for Land Rover, and will be working alongside Geoff Upex, who continues as Design Director for Land Rover. "Gerry is uniquely suited to this role," said J Mays, Ford Motor Company's group vice president of design. "He's already shown the world that he fully understands Land Rover's DNA, having led the team that designed Freelander.
Chrysler first-quarter profits down
Mon, 29 Apr 2013Chrysler Group said net income fell to $166 million in the first quarter as costs of two large product launches crimped the automaker's seventh consecutive quarterly profit. Profit fell 65 percent from the $473 million posted during the same quarter of 2012, Chrysler said in a statement today. First-quarter revenues dropped 6 percent to $15.4 billion.
Chrysler's main creditors reach deal with U.S.; others hold out
Tue, 28 Apr 2009The U.S. Treasury Department has reached a tentative debt-reduction agreement with Chrysler's main creditors but still must get other lenders to sign on for the deal to take effect, three people with knowledge of the talks said today. The accord with JPMorgan Chase, Citigroup, Goldman Sachs and Morgan Stanley would reduce Chrysler's $6.9 billion debt to $2 billion, which would be repaid by Chrysler in cash, they said.
