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GM turns to its old product meister for a new marketing message
Mon, 13 Jul 2009It has taken years of effort--and a swift trip through U.S. Bankruptcy Court--but General Motors is finally close to its goal. It has shed billions of dollars in legacy costs, fixed quality and improved design.
UPDATED: Aston Martin sold
Mon, 12 Mar 2007By Phil McNamara Motor Industry 12 March 2007 09:38 Aston Martin is today under new owners, following the sale of Britain’s premier sports car company to an investment consortium. After 20 years of ownership, Ford divested itself of the brand, its facilities and its products, in a deal valuing Aston at £479m. The new owner is a consortium led by David Richards, boss of automotive consultancy Prodrive, who helped to unite two private investment companies from Kuwait. Adeem Investment, which already owns the Grosvenor House Hotel in London, has a portfolio worth $1.5 bn.
Nissan unveils a new commercial van, the NV, for North America
Wed, 10 Mar 2010Sensing an opportunity to bring an all-new model to a sometimes stagnant segment, Nissan unveiled its first commercial vehicle for North America, the NV, on Wednesday at a work-truck show in St. Louis. The NV, or Nissan Van, will come with two engines: a 4.0-liter V6 or a 5.6-liter V8.