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Former General Motors CEO nets multimillion-dollar retirement package
Wed, 15 Jul 2009Former General Motors CEO Rick Wagoner will officially punch out on Aug. 1 with a compensation package worth almost $8.6 million over the first five years. The deal is significantly lower than what he could have received; it would have been $23 million at the end of last year, Reuters reports.
2013 Ford Mondeo – first photo, and it’s not the 2013 Fusion
Tue, 10 Jan 2012First photo of the 2013 Ford Mondeo The North American Ford Fusion has been revealed at Detroit, but we have the first photo of its European cousin – the 2013 Ford Mondeo. We’ve covered the reveal of the 2013 Ford Fusion from the Detroit Auto Show and pointed out that, to all intents and purposes, the Fusion North America gets is pretty much the same car we’ll see as the 2013 Ford Mondeo. But just so there’s no confusion, we’ve got the first photos of the 2013 Mondeo in pre-production guise, just so you can see how similar the Mondeo will be to the Fusion.
GM moves Nesbitt back to design group in management shake-up
Tue, 02 Mar 2010General Motors has made big changes to its top management structure, splitting apart its sales and marketing activities and naming new bosses for each discipline. The goal is to reduce layers of management under Mark Reuss, GM's president for North America. Among the key changes: -- Designer Bryan Nesbitt, who was made chief of the Cadillac brand last fall, is going back to the design group.