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Chrysler vows to rebuild SRT
Mon, 27 Jun 2011Ralph Gilles promises that Chrysler Group will be "very choosy" about the cars and trucks that get the SRT performance badge. Gilles, recently named head of SRT, is charged with rebuilding the SRT unit, which languished when Chrysler was owned by Cerberus Capital Management. Three new SRT vehicles, versions of the Dodge Charger and Chrysler 300 sedans and the Jeep Grand Cherokee, will arrive in dealerships this fall, joining the Challenger SRT8.
Reports that General Motors will sell Opel dismissed as 'nonsense'
Thu, 09 Jun 2011German press reports that General Motors Co. is putting its European unit Opel/Vauxhall up for sale were dismissed as speculation by the division and as "nonsense" by a German state with an Opel factory. The magazines Auto Bild and Spiegel reported that GM is considering putting Opel up for sale as management is losing confidence that its European arm will return to profitability.
CPP sold – Spyker moves back to Holland
Wed, 07 Mar 2012Spyker moving back to Holland The fallout from Vladimir Anotonov’s problems has seen Brendan O’Toole losing CPP, and Spyker is now moving back to Holland. We knew that the arrest of Vladimir Antonov over banking ‘irregularities’ would cause problems for CPP Manufacturing and CPP Global Holdings. And it has.