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Lotus gets a new boss – former Citroen Peugeot President Jean-Marc Gales
Fri, 02 May 2014Jean-Marc Gales left) new Lotus CEO with Aslam Farikullah Following the debacle of Dany Bahar’s grandiose plans to turn Lotus in to a cross between Aston Martin and Ferrari, owners DRB-HICOM/Proton have been busy trying to get ship Lotus back on an even keel. That started with the appointment of engineer Aslam Farikullah as chief operating officer at Lotus when Bahar got his marching orders, and he’s been busy for the last two years bolting Lotus back together, cutting costs, improving quality and increasing sales. Now, it looks like Lotus are readying themselves for the next stage of their recovery – which will include new models – as former PSA president Jean-Marc Gales is appointed as Lotus CEO to work with Aslam Farikullah.
Whitacre says GM is making progress, could be profitable in 2010
Wed, 06 Jan 2010General Motors Co. could be profitable later in 2010 if it can continue sales momentum and economic conditions even out, CEO Ed Whitacre said on Wednesday. “Certainly we're aimed at profitability as quickly as we can get there,” he said.
Volvo plans diesel and electric cars for U.S., will aim S60 at enthusiasts
Tue, 06 Oct 2009Volvo will add diesel and electric cars to its U.S. product lineup as it tries to meet stricter U.S. fuel-mileage standards that will begin phasing in for the 2012 model year.