Cyrus P. Mistry to be appointed Chairman of Tata Motors

The Board of Directors of Tata Motors announced the appointment of Cyrus P. Mistry as the Chairman of the Board with effect from December 28, 2012, on the retirement of Ratan N. Tata. The Board conferred on Ratan Tata the honorary title of Chairman Emeritus.

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Ford Credit Chairman and CEO Mike Bannister to retire; Bernard Silverstone named as Successor

Ford Motor Company has announced that Mike Bannister, Executive Vice-President and Chairman and CEO of Ford Motor Credit Company, has elected to retire effective January 1, 2013, after 39 years of service.

Bannister, 62, will be succeeded by Bernard Silverstone,

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Dr. Giuseppe Tartaglione appointed Chairman Corporate Relations of the Volkswagen Group in Italy

Dr. Giuseppe Tartaglione (61) has been appointed to the newly created position of Chairman Corporate Relations in Italy for the Volkswagen Group effective July 1, 2012. To date, Tartaglione has been Member of the Board of Directors and CEO of Volkswagen Group

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Luca di Montezemolo named European Manager of 2012

The European Business Press Federation (EBP), an association of Europe's leading economic and finance publications, has named Luca di Montezemolo 'European Manager of the Year' for 2012 during its annual meeting at Como. The EBP, which celebrates

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Fisker Automotive issues inaugural business update

Fisker Automotive published its first business update by announcing that revenues had exceeded $100-million in the first four months of 2012. 

The company, which began deliveries of the Fisker Karma luxury four-door electric sedan in December 2011, also revealed that

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Fiat and Mazda announce co-operation program

Fiat Group Automobiles  S.p.A. (Fiat) and Mazda Motor Corporation (Mazda) have signed a non-binding Memorandum of Understanding (MoU) for the development and manufacturing of a new roadster for the Mazda and Alfa Romeo marques based on Mazda’s next-generation

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Vauxhall to build next-generation Astra at Ellesmere Port

Vauxhall has confirmed that production of its next-generation Astra compact car will be built at the company’s manufacturing plant at Ellesmere Port in Cheshire. Ellesmere Port will be the lead plant of only two in Europe building the new model.

The decision follows

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Very positive Ferrari first quarter growth

The Board of Directors of Ferrari S.p.A. met today under the chairmanship of Luca di Montezemolo to examine the company’s accounts for the first quarter of 2012.

On March 31, Ferrari recorded a string of excellent results: revenues rose to 556.1-million euros (+13.2 per cent) and 1,733 cars were

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Ford Credit earns $295-million net income in the first quarter of 2012

Ford Motor Credit Company reported net income of $295-million in the first quarter of 2012, compared with $451-million a year earlier. On a pre-tax basis, Ford Credit earned $452-million in the first quarter, compared with $713-million in the previous year. The decrease

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Chrysler Group first quarter 2012 net income more than quadrupled to $473-million

Chrysler Group LLC reported preliminary net income of $473-million for the first quarter of 2012, up more than 300 per cent from $116-million a year ago, driven primarily by its 40 per cent increase in US retail sales.

“Another positive quarter – built on sales gains

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