Like invading troops, 140 Ford Fiestas have come ashore at ports in Baltimore and Oxnard, California signaling the first salvo in a war that the Ford Motor Company hopes to win beginning next year when the cars are made available to a wider audience. The Fiesta Movement In the meantime, as part of the automaker’s [...]
Rick Wagoner Ousted Under White House Pressure The chairman of General Motors, Rick Wagoner, resigned from his position over the weekend in advance of President Obama’s decision regarding the fate of his company and Chrysler. According to Automotive News [subscription required], Wagoner was required to leave GM in order for the automaker to receive a [...]
This one has got to hurt. General Motors, struggling to survive, has lost a significant chunk of its European market for its Cadillac luxury brand. Though not a big seller across much of Europe, GM has been seeing the brand gain a toehold in several markets including Russia, the UK and Switzerland. European Supplier Takes [...]