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Former GM CEO Fritz Henderson has been tapped to become CEO of SunCoke Energy following its separation from Sunoco Inc. next year. Ford settled a lawsuit over the death of a New York Mets minor league baseball player in an Explorer accident after a jury ordered the company to pay his estate $131 million. A Jasper County, Miss. Ford plans to further differentiate the Lincoln and Ford division product lineups, while giving the luxury Lincoln brand a 'point of view,' company leaders promise. Ford is also planning for fewer Lincoln dealerships in major metro areas. The recession hasn't just meant a decline in corporate profits, it also has put a serious crimp in corporate philanthropy. No company wants to say 'no' to a worthy, needy cause. But when the economy goes in the tank, everyone cuts back. Chevrolet has tapped actor and comedian Tim Allen to be its voice, beginning with TV advertising for the new Cruze compact. The first ads for the Cruze will air Tuesday, Sept. 7, Chevrolet said today. The U.S. Treasury is concerned about how many foreign investors it should allow to buy big stakes in General Motors Co.'s proposed initial public offering, the Wall Street Journal said. The Obama Administration initially wanted Nissan-Renault CEO Carlos Ghosn to run GM after Rick Wagoner was ousted in 2009, and repeatedly pressed Fiat to put up cash for a stake in Chrysler, according to an upcoming book about the government bailout... The buzz of the coming weeks is going to be what the federally appointed car czar Steve Rattner reveals in his new book: that he offered the job of General Motors CEO to Nissan/Renault CEO Carlos Ghosn -- and that Ghosn had the temerity to turn it... Autoliv, the world's biggest maker of airbags and seat belts, has seen no decline in demand despite slower car production in the second half of the year, its top executive said on Friday. VW is planning a new assembly line at Russia's GAZ to boost production in the booming market, VW CEO Martin Winterkorn said. Home Page
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