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Ex-Ford engineer charged with stealing trade secrets
Fri, 16 Oct 2009A former Ford Motor Co. engineer has been charged with stealing trade secrets from the automaker after accepting a job in China in 2006. Xiang Dong Yu, 47, was arrested Wednesday at O'Hare International Airport in Chicago after traveling to the United States from China.
GM sells Suzuki shares to raise emergency funds
Mon, 17 Nov 2008By Tim Pollard Motor Industry 17 November 2008 15:24 GM is flogging its entire stake in Suzuki to pump cash into its survival funds. The General owns a 3% holding in Suzuki Motor Corporation and will sell 16,413,000 shares on the open market tomorrow. Based on today’s values, GM will raise an estimated £154 million through the sale, although Suzuki will exercise an option to buy back an equivalent number of its own shares in treasury stock.
Aston Martin Vantage gets V12, but we won't get the car
Wed, 04 Feb 2009The Aston Martin V12 Vantage, the hottest version of the two-seat coupe, is the latest step in the automaker's new-model offensive for 2009. Revealed just days after the Rapide four-door, the V12 Vantage is the second of four major reveals from Aston this year. Also coming is the DBS convertible, which will share stand space at Geneva with the V12 Vantage and a concept for a new Lagonda, the dormant brand that Aston plans to bring back to life as a super-luxury Rolls-Royce/Maybach challenger.