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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Zipcar appoints Ciara Smyth as Executive Vice-President of Human Resources

Zipcar, Inc. announced the appointment of Ciara Smyth as its EVP of Human Resources. In this role, Smyth will be based in Zipcar's Cambridge, Mass. office and will oversee global talent programs and policies at Zipcar. She will report directly to Scott

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TyreSafe exposes frightening dangers of part worn tyres

Cash-strapped drivers are putting themselves, their passengers and other road users at serious risk of injury by opting for part worn tyres, according to campaign group TyreSafe.

The group has issued the stark warning following a month-long nationwide

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Ford China sells 121,393 vehicles in Q1

Ford China sold 121,393 wholesale vehicles in the first quarter, compared to 140,566 sold from January to March in 2011. In March, Ford China sold 49,439 wholesale vehicles, compared to 55,292 vehicles in March 2011.

“Ford’s aggressive plans in China are

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Forever young the new generation Mercedes-Benz G-class

Mercedes-Benz has once again significantly upgraded the G‑class, reemphasising its position as the leader among off-road vehicles. The interior is characterised by high-quality appointments finished with exquisite materials. The instrument cluster and

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Vauxhall shows fastest growth in retail sector

Vauxhall showed the biggest leap in year-on-year retail sales last month, with 3,701 more cars sold than in March 2011, according to analysis released by the Society of Manufacturers and Traders.

The figures lift Vauxhall’s retail share by 1.46 percentage

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Deputy Prime Minister of UK sees investment in high value manufacturing for export

Deputy Prime Minister of UK Rt Hon Nick Clegg MP visited Bentley Motors’ Pyms Lane headquarters in Crewe to see how the Government’s Regional Growth Fund (RGF) is helping the Company meet increasing demand for its cars by training new employees to the high levels

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Mercedes-Benz consistently implements its 2020 growth strategy

Daimler AG sees Mercedes-Benz well on its way to achieving the goals of its 2020 growth strategy and reclaiming the number one position in the premium segment by the end of the decade.

Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and

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Ferrari S.p.A. selects Movado Group, Inc. as a Global License Partner for their Scuderia Ferrari Watch Collection

Movado Group, Inc. (NYSE: MOV) announced that it has signed a multi-year, worldwide license agreement with Ferrari S.p.A., the iconic sports car manufacturer and race team, to design, produce and market a collection of watches under the Ferrari and Scuderia Ferrari brand names.

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