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More executive upheaval as GM changes CFO
Thu, 10 Mar 2011Chris Liddell, the onetime executive hotshot hired from Microsoft and rumored to be a candidate for CEO, is leaving General Motors on April 1. The 52-year-old will be replaced by Dan Ammann, 38, who is GM’s treasurer. Liddell oversaw GM’s historic return to the stock market last year after its 2009 bankruptcy.
Fiat buys remaining stake in Chrysler (2014)
Fri, 03 Jan 2014By Damion Smy Motor Industry 03 January 2014 13:30 Fiat has purchased the remaining stake in Chrysler to become the sole owner of the US car firm. In a deal worth £2.2billion, the Italian company bought the remaining 41.46% of Chrysler from the VEBA Trust (Voluntary Employee Beneficiary Association) made up of current and former Chrysler employees. Fiat Chief Executive Sergio Marchionne says: ‘In the life of every major organisation and its people, there are defining moments that go down in the history books.
Nissan upgrades Titan pickup for 2013
Mon, 12 Nov 2012Nissan announced pricing for the 2013 Titan pickup last Friday. The Japanese full-size truck will start at $29,815 for the Titan S King Cab 4x2, while the SL Crew Cab will be the most expensive, topping out at $43,735. Those are price increases of $300 and $1,600 over 2012 models.