Former Hyundai NA CEO Krafcik Now TrueCar President
TrueCar founder Scott Painter and former Hyundai North America CEO John Krafcik both announced that Krafcik is now president of the online automotive shopping company.
Foxx Pushes NHTSA $300 Million Maximum Fine Hike Before Congress
As part of a $302 billion, four-year plan to fund both infrastructure and highway funding, U.S. Transportation Secretary asked Congress to allow the National Highway Traffic Safety Administration to boost its maximum fine from the current $35 million levy to $300 million.
Senators Want NHTSA To Force GM To Park Recalled Vehicles
Automotive News reports General Motors’ top lawyer, Michael Millikin, is co-leading the internal investigation with former U.S. attorney Anton Valukas into the events that led to the February 2014 recall crisis that befell the automaker. The former U.S. assistant attorney joined GM in 1977, switching from battling drug lords to corporate traitors, such as the two-pronged litigation against both Volkswagen and former GM purchasing chief J. Ignacio Lopez when it was found Lopez had stolen various confidential documents upon his departure in 1993; the case was settled in 1997.
As for his current case, Millikin and his legal department found themselves under the gun earlier this month before Congress, with legislatures asking how much was known by them regarding the various lawsuits linked to the ongoing recall. GM stated its lawyer learned of the issue at the end of January 2014.
GM Pulls Small Q1 2014 Profit, Barra One Of Time's 100 Most Influential People
Reuters reports General Motors announced in its regulatory filing Thursday that it was under the microscope of five different government agencies related to its numerous recalls as of late. Aside from investigations by the U.S. Attorney’s Office for the Southern District of New York, the National Highway Traffic Safety Administration, and both houses of Congress, the automaker revealed the Securities and Exchange Commission and an unnamed state attorney general’s office were conducting their own probes. The filing also acknowledged GM was under the gun of 55 pending class action lawsuits in the U.S., and five of the same in Canada. GM said they were working with all of the investigations, though the automaker did not say what the SEC was looking for in its probe.
Dodd-Frank Act Used In NY State Subprime Lender Lawsuit
The Dodd-Frank Act, created in the wake of the Great Recession as means to curb the practices by financial corporations that led to the Great Recession in the first place, is now being used to go after an automotive lending company in New York for stealing from its customers.
GM Divides Engineering Division, Faces More Recall Woes
Automotive News reports General Motors has split its engineering division in two, with executives Ken Kezler and Kenneth Morris becoming vice presidents of global vehicle components and subsystems and global product integrity, respectively. The split also means vice president of (what was) global vehicle engineering, John Calabrese will retire, though the retirement is alleged to not be linked with the ongoing recall crisis. The immediate changes are the result of the ongoing review of the ignition switch issue affecting the company since early this year, with the aim of flagging potential safety problems within a product sooner than when the division was united. GM product chief Mark Reuss proclaimed the new divisions “would have expedited a whole bunch of things” had they been in place earlier.
UAW Ends Fight For Organization Of Tennessee VW Plant
The Huffington Post reports the United Auto Workers has withdrawn its petition with the National Labor Resources Board challenging the results of the February 2014 election regarding organization of the workforce at Volkswagen’s plant in Chattanooga, Tenn.
GM Saved From 'Park It Now' Order, Looks To Strengthen Liability Protections
The Detroit News reports U.S. District Judge Nelva Gonzales Ramos delivered a six-page ruling in favor of General Motors, saving the automaker from issuing a “park it now” order that would have proved costly both financially and in reputation. Had the order gone forward, it would have set a precedent that not even the National Highway Traffic Safety Administration could attempt in its limited penalty power. The attorney representing the plaintiffs in the lawsuit for the order, Robert Hilliard, may appeal.
Horn: VW Phaeton To Return To US In 2018
In an interview with Bloomberg at the 2014 New York Auto Show, Volkswagen America CEO Michael Horn says the Phaeton will return to the United States market as early as 2018.
Wolff Out, Woodhouse In As Lincoln Design Director
The Lincoln division of Ford has replaced former design director Max Wolff with David Woodhouse, the former head of the Blue Oval’s Premier Automotive Group, as part of the premium division’s $1 billion makeover.
UAW Subpoenas Haslam, Corker To Appear At VW NLRB Appeal Hearing
Tennessee governor Bill Haslam and U.S. Sen. Bob Corker are just two of the 20 prominent Tennessee witnesses subpoenaed by the United Auto Workers to appear at the union’s hearing before the National Labor Resource Board later this month, where the UAW will appeal the results of the organizing election held at the Volkswagen plant in Chattanooga back in February of this year.
Off-Lease Consumers Add Fuel To New-Vehicle Demand
New-vehicle sales are on the rise due not only to demand originally held back by the Great Recession, but by consumers coming off of their leases for their next latest and greatest.
Lemon Law King Sues Tesla In Wisconsin Circuit Court
Wisconsin lawyer and self-proclaimed “Lemon Law King” Vince Megna has filed a lawsuit in Milwaukee County Circuit Court against Tesla under the state’s lemon law.
Henry Ford: An Interpretation. Did He Make the World A Better Place, Or Not?
Just like yesterday night, April 7th, it was raining in Detroit on the night of April 7,1947. There was extensive flooding on the Rouge River and 83 year old Henry Ford had spent part of the day at he beloved Greenfield Village, making sure that it was not damaged. The next day he was planning on touring Ford facilities in southeastern Michigan to see how the flood had affected his factories. After returning to Fair Lane, the estate that Henry and Clara built on the Rouge, the two had dinner by candlelight, as the flood had also knocked out the estate’s powerhouse. That must have been a disappointment to Henry, as his primary interest seems to have been power. Before his automotive ventures, Ford was chief operating engineer of the Edison Illuminating Co. of Detroit.
Marchionne: No Money In Small Diesel Cars
Bucking a trend that has been gathering steam beyond its traditional European stronghold, FCA head Sergio Marchionne said that FCA’s upcoming product plan, due to be revealed in May, would be light on diesel engines for B and C-segment cars.
Marchionne's FCA Looks To Sell 6 Million Units
Should Sergio Marchionne’s Fiat Chrysler Automobiles be able to deliver on his expectations, the merged automaker will be able to move 6 million units annually, enabling FCA to become a player on the global stage.
Car Guys & Gals You Should Know About – Roy Lunn's Resume: Ford GT40, Boss 429 Mustang, Jeep XJ Cherokee, AMC Eagle 4X4 and More!
Roy Lunn (on right) receiving an award from the Society of Automotive Engineers for the Eagle 4X4
You may not have heard the name Roy Lunn, but undoubtedly you’ve heard about the cars that he guided into being. You think that’s an exaggeration? Well, you’ve heard about the Ford GT40 haven’t you? How about the original XJ Jeep Cherokee? Lunn headed the team at Ford that developed the LeMans winning GT40. Later as head of engineering for Jeep (and ultimately VP of engineering for AMC) he was responsible for the almost unkillable Cherokee, Jeep’s first unibody vehicle, a car that remained in production for over two decades with few structural changes and could be said to be the first modern SUV. In addition to those two landmark vehicles, Lunn also was in charge of the engineering for two other influential cars, the original two-seat midengine Mustang I concept and the 4X4 AMC Eagle. If that’s not an impressive enough CV for a car guy, before Ford, he designed the Aston Martin DB2 and won an international rally. After he retired from AMC, he went to work for its subsidiary, AM General, putting the original military Humvee into production. Oh, he also had an important role in creating one of the most legendary muscle cars ever, the Boss 429 Mustang. So, yeah, you should know about Roy C. Lunn.
GM Call Center Sees Double, Upton Prepares For Hearing
Automotive News posits an earlier recall would have prevented a majority of fatalities tied to the 2005 – 2007 Chevrolet Cobalt’s ignition switch. According to their research, seven of the eight deaths occurred after April of 2006, when the improved switch was quietly introduced into the supply stream; one of the four fatalities linked to 2003 – 2007 Saturn Ions was found to have occurred after the April 2006 improved part introduction, as well.
Among other findings, only one of the eight Cobalt fatalities did not factor alcohol or seat belts into the equation, two of the eight deaths — one under “Old GM,” one under “New GM” — led to lawsuits that were settled prior to the February 2014 recall, and that some of the families found in their research never had any contact with the automaker.
Ford: Gettelfinger Should Be Credited For Saving Company
Ford’s executive chairman Bill Ford, Jr. told CNBC this week that former United Auto Workers president Ron Gettelfinger “ doesn’t get enough credit for helping save Ford.”
GM To Go Before Senate Panel, As Allegations Of Hardball Tactics Surface
General Motors CEO Mary Barra and National Highway Traffic Safety Administration acting director David Friedman will testify before the United States Senate on April 2 about their respective parties’ handling of the ongoing GM ignition recall crisis just as two senators introduced a bill expanding public access to safety filings made by all automakers to the federal government.
Diesels, Refinement Key To Kiefer's Vision Of Future GM Engine Development
General Motors head of global powertrain and former Delphi senior vice president of powertrain systems Steve Kiefer aims to steer engine development toward a brighter future, one influenced by his love for diesels, quietness and refinement.
Toyoda: Recalls Changed Thinking On Safety, Customer Focus
One day after Toyota agreed to pay a record $1.2 billion in a settlement with the U.S. Justice Department resolving a criminal probe into the automaker’s handling of a recall involving unintentional acceleration in its vehicles, president Akio Toyoda proclaimed the recalls changed Toyota for the better.
GM Hires New Safety Czar As Barra, Service Bulletins Go Under The Microscope
General Motors CEO Mary Barra has appointed executive Jeff Boyer to the newly created position of Vice President, Global Vehicle Safety. Meanwhile, Barra and her company’s use of service bulletins in lieu of recalls will both go under the microscope, with the new CEO likely to testify before Congress next month.
Akerson Named Vice Chairman Of Carlyle Group Board Of Directors
Former General Motors CEO Dan Akerson has been named Vice Chairman to the private-equity firm Carlyle Group’s board of directors, where he will act as special adviser to the firm’s investment teams, managment and the board itself.
Yajnik: Loan Delinquency Increase A Return To "Norm"
As fears of increasing auto loan delinquencies are giving some lenders pause, Capital One Auto Finance president of financial services Sanjiv Yajnik calls said increase a return to “norm,” with pent-up demand and greater competition will maintain availability of credit.
Corker: Labor Board Should Not Silence Lawmakers
Former Chattanooga, Tenn. mayor and current United States Senator Bob Corker urged the National Labor Relations Board not to silence him or fellow lawmakers opposed to unionization as the NLRB considers an appeal by the United Auto Workers over the results of the three-day election recently held at Volkswagen’s plant in Chattanooga.
UAW, VW Works Council Regrouping Under Voting Fallout
Following the 712 – 629 decision against representation by the United Auto Workers at the Volkswagen plant in Chattanooga, Tenn., the union may be forced to throw in the towel on foreign-owned auto factories as the automaker’s works council vow to press forward with plans to establish their brand of representation in the plant.
Tavares Could Take Reins at PSA Peugeot Citroen in March
Sources close to the situation tell Reuters that Carlos Tavares, Carlos Ghosn’s former second in command at Renault, could start running rival PSA Peugeot Citroen as soon as March. Tavares officially joined PSA as CEO-in-waiting on Jan. 1. According to Reuters, Peugeot had previously said only that Tavares would take over sometime this year. Peugeot Chairman Thierry Peugeot told Le Figaro in an interview published over the weekend that the company’s board of directors would soon decide on the official transition date.
U.S. Vice President, Cabinet to Visit 2014 Detroit Auto Show
Should you happen to be at the 2014 Detroit Auto Show next week, you might find Vice President Joe Biden checking out the 2015 Corvette Z06, and a number of Cabinet members trying to hold him back from taking it for a test drive.
Former Cadillac Marketing Head Don Butler to Head Ford's In-Vehicle Comm Tech
While much of the attention focused on Ford Motor Company’s personnel news has been focused on CEO Alan Mulally’s announcement that he’s not leaving for Microsoft, FoMoCo has made another important decision, who is going to head one of Mulally’s pet projects, Ford’s in-vehicle communications technology. Automotive News reports that Don Butler, 50, the highly regarded longtime General Motors executive who most recently was in charge of Cadillac’s global growth strategy and before that headed the brand’s marketing, was named executive director of connected vehicles and services, effective immediately.
Chevrolet U.S. Marketing Chief Chris Perry Resigns
Following on the heels of General Motors CEO Dan Akerson’s recent resignation, Chevrolet’s chief marketing officer for the United States Chris Perry has called it a day effective immediately.
Browning Out, Horn In As Head of VW of America
Volkswagen of America CEO and President Jonathan Browning has stepped down from his post, with Michael Horn set to assume the role once held by Browning beginning New Year’s Day 2014.
Breaking News: Mary Barra in as GM CEO, First Woman to Run Major Car Company
Akerson Wants Next GM CEO To Be "Change Agent"
With reports circulating that General Motors CEO Dan Akerson will step down sometime next year, the executive told Automotive News that he wants his successor to be a change agent and a risk taker. “There’s no prototypical CEO,” Akerson said. “A good leader has to be innately bright, intellectually curious. They have to be a change agent, never satisfied with the status quo.”
Akerson, whom some say brought more accountability to GM’s bureaucracy said, “You have to establish accountability and an orientation to risk, recognizing that we’re not a fault-free company,” he said. “Have the humility and audacity to say ‘I made a mistake,’ and back up and go down the other way.”
Hyundai's R&D, Product President, Engineering and Electronics Chiefs Resign Over Quality Issues
After consumer complaints over quality issues in its home market of Korea and a string of recalls there, in the U.S. and other countries. Hyundai Motor Group’s president for research and development, Kwon Moon-sik and two other executives in charge of engineering and electronics have resigned. The shakeup comes as the automaker prepares some important new vehicle launches.
Ford's Design VP J Mays Retires, Replaced by Moray Callum. Mfg and Labor Chiefs Also Retire.
Three of Ford’s most senior and veteran executives are retiring, global design chief J Mays, North American manufacturing head Jim Tetreault and Martin Mulloy, who is in charge of labor relations. Mays’ replacement will be Moray Callum, design director for Ford’s North American operations. All three men had important roles in turning Ford around. Mulloy negotiated contracts with the UAW that were critical in reducing costs, while Tetreault had a big hand in reshaping Ford’s manufacturing strategy towards efficient and flexible factories. Mays has supervised the styling the cars and trucks that have helped turned Ford’s fortunes around, implementing Ford CEO Alan Mulally’s “One Ford” directive in a visual sense. He also had an important role the shape of the Jaguar XK and XF, developed while Ford owned that brand.
Mullaly On Short List to Head Microsoft
Looking for a change in leadership once CEO Steve Ballmer steps down, Microsoft has announced its shortlist of five potential candidates, including current Ford CEO Ford Mullaly.
Google Glass Wearer to Fight Citation For Wearing Google Glass
Texting. Cellphones. Entertainment systems. All of these have been regulated in order to diminish distracted driving as much as possible. Google Glass may now be added to that list, courtesy of the California Highway Patrol via a speeding ticket that became more upon closer inspection.
Former Apple VP To Aid Vehicle Development At Tesla
It seems as of late that Tesla is becoming to cars what Apple already is to computing, smartphones, digital music players and tablets. Thus, it should be as no surprise that the automaker has brought aboard former Apple vice president of Mac hardware engineering Doug Field to help them develop “insanely great” new vehicles.
Autocar: Charles Morgan Sacked For "Misconduct" – Will Appeal to Family Members At Hearing On Friday
The British publication Autocar says that it has seen a document from Morgan Motors that says that Charles Morgan, grandson of the founder of the company, was fired for four instances of misconduct. The authenticity of the document has been questioned, but if it is authentic, it verifies that Morgan’s firing is at least partially the result of a dispute with family members.
Ford CEO Mulally To Head Boeing Or Microsoft Soon?
The rumor mill has been grinding away as of late regarding the possible return of Ford CEO Alan Mulally to helm either one of two of Seattle’s many economic engines: Microsoft and Boeing. In the face of these rumors, Mulally has opted not to dispel the rampant speculation.
Charles Morgan Issues Statement About Eviction From Family Owned Car Maker
From Charles Morgan’s personal blog.
October 18 2013 – Statement from Charles Morgan
As has been widely reported, I have been asked to leave the Morgan Motor Company by the board. It is a sad decision that I am appealing; I remain a major shareholder in Morgan.
I’m proud to say I leave with the company’s annual production volumes double what they were at the start of my tenure, with new export markets such as China opened to the company. Morgan remains a small but successful family firm.
I’d like to be clear that I am not a tycoon but a family man – I inherited a company not wealth – and unexpectedly leaving its employment will be a hardship for myself and my family. Being asked to leave the company that bears my name is also extremely personally distressing. That is made more painful as today marks 10 years since my father, Peter Morgan, died and I feel him in spirit with me in this dispute.
Eiji Toyoda, Who Made Toyota Into A Global Powerhouse, Changed Manufacturing, Dies At 100
Toyota Motor Corp. said in a statement that Eiji Toyoda, the man responsible for growing Toyota into a global powerhouse, died today. Toyoda had just turned 100 years old last week. The cause of death was listed as heart failure. Toyoda was a cousin of Kiichiro Toyoda, the founder of Japan’s largest car company and he took over management of the family business in 1967 and served as president until 1982, when Toyota Motor Co. and Toyota Sales were merged and he became chairman of the combined corporation, holding that position until 1992.
Piech Will Remain VW Group Chairman Until "At Least" 2017, Winterkorn Not Troubled By Recent Departures
Ferdinand Piech, chairman of the Volkswagen Group, repeated his denial of a report last week in the German Handelsblatt newspaper that he would step down for health reasons in the next few months and be replaced by VW CEO Martin Winterkorn. Piech furthermore said that he will at least serve out the full term of his current contract, which runs into 2017, leaving open the possibility that he will continue to run the Volkswagen empire even longer. “I will stay for at least as long as my contract runs,” Piech told reporters at the Frankfurt Motor Show, “I’m feeling good.”
In Wake of Tavares Resignation Ghosn Reorganizes Renault Executive Suite
Thierry Bolloré, left. Jérôme Stoll, right.
Following the departure of chief operating officer Carlos Tavares, Renault Chairman and CEO Carlos Ghosn has announced that the company will be adding two new divisions to the existing finance, human resources and CEO office functions. Thierry Bolloré is being appointed Chief Competitive Officer, with responsibilities for Design-Product-Programs, Engineering-Quality-IS/IT, Purchasing, Manufacturing and Supply chain. Bolloré’s replacement as executive vice president in charge of manufacturing and supply chain will be Jose Vicente de los Mozos, reporting to Bolloré. The new position of Chief Performance Officer will be filled by Jérôme Stoll, with responsibilities for Sales & Marketing function, and coordinating Renault’s international operations, which apparently will have more autonomy. Michael van der Sande was named senior vice president for Marketing, replacing Stephen Norman, a member of Renault’s management committee, whose future appointment will be announced separately. Bolloré and Stoll will both report to Ghosn, whose published statement said, “Our objective was to take fast, transparent action by putting in place a clear and simple organization. The aim is threefold: to accelerate and expand our ongoing progress, to ensure performance at Group level and to give the regions more responsibility.”
Biographies after the jump.
Don Butler, Cadillac VP for Global Strategy, Resigns
Saying it was a personal decision to step back and reassess his priorities, Cadillac vice president for global strategic development Don Butler announced his resignation in an email. “As I’ve told others, I just need to take a step back to recalibrate, reassess my priorities,” Butler said. “I know it’s time for a change but I don’t know what’s next. I’m trusting that God will provide.”
Different Reactions To Getting Rear-Ended
Yesterday I was out for a walk when I saw an accident happen. It wasn’t a bad one, the driver of a small delivery truck came off the clutch and his rig hopped forward and smacked the back of the small SUV stopped at the light ahead of him. The light changed and the two trucks involved pulled across the intersection and the drivers got out. The driver of the SUV was a well to do looking woman in a business suit and when saw the damage to the back of her car, smashed rear bumper and piece missing from the plastic bumper cover – there may have been other things, but I really wasn’t that close – she absolutely flipped out in the middle of the street. It go so intense that I am sure the sound of her shrill shrieking is still suspended in space somewhere over the city even now.
Ditzy Docherty Done
Susan Docherty, a life-long career woman at GM, suddenly wants to stay at home with her husband and 13 year old son, or so GM wants us to believe. According to Selim Bingol’s troops, Docherty “announced her intention to leave General Motors to spend time with her family, effective September 30.” Docherty is 49, that’s no retirement age.
Three years ago, Ed Niedermeyer and TTAC was “looking forward to her departure from General Motors.” Now his wish is fulfilled. In the tradition of Farago’s death watches, things always take a little longer than expected at GM, but eventually, they happen. Usually, they happen too late.
Akerson Gets Millions More In Cash To Grease His Exit
Companies – or so they say – pay their executives the big bucks to keep them from leaving, or, in corporate-speak to “retain” them. In the case of GM CEO Dan Akerson, they pay him more because he will leave. Nasty people will say “to make him leave.”
Toyota Shakes Up Its Leadership
When Toyota gets on the horn by lunchtime to tell Tokyo’s media to show up at 4:30 the same day, everybody knows it will be a big surprise and an even bigger deal. Today, Japan’s Fourth Estate already knew what’s coming when the phone rang. It still was a big deal: Toyota completely reshuffled its top executives. It even brought a non-Japanese on board, a former GM man to boot.
House Committee Blasts Overpaid Bailed-Out Execs. The Freep Blasts GM
Yesterday, the House Oversight and Government Reform subcommittee held a hearing to look into executive compensation “at bailed-out firms that is egregiously out of line with what the President committed to the American people,” as Chairman Jim Jordan said. Jordan recalled that the President had committed “that top executives at firms that receive extraordinary help from U.S. tax payers will have their compensation capped at half a million dollars.” That clearly wasn’t the truth. Yesterday, we heard that GM CEO Dan Akerson, for example, made $9 million in 2012 and wanted $11.1 this year. Jordan said that “Treasury’s failure to protect tax payers is part of a disturbing pattern in which this administration makes promises to the public but the does not live up to them.” That’s not the only pattern that is disturbing.
Dan Akerson Wants a Big Raise, Washington Sugar Daddy Not Sure Yet, GM Says: Not True!
GM’s CEO Dan Akerson asked for a big raise. He thinks his work at GM is worth a paycheck of $11.1 million this year, up 20 percent from last year, Reuters reports, citing documents. The embarrassing part: Akerson and GM have to ask its white House sugar daddy for approval.
As part of GM’s government-funded bailout, the salaries of GM executives must be authorized by a special paymaster from the federal government. The request for a raise comes at an inopportune time.
The Castration Of Daimler's Leadership: Only Three More Years For Dr. Z & Co.
It is unusual that the supervisory board of a large German corporation denies the dearest wishes of its Management. If the board does not like a wish, the wish usually won’t be rendered in the first place, the tight community of executive assistants will see to it. It would be most unusual that the board denies the wish of its CEO to run the company for another five years. Daimler’s board did the impossible: It denied Dieter Zetsche’s wish for another five-year contract, and gave Dr. Z. three years to get Daimler’s house in order. It’s a mission impossible. The mustachioed will sit out his career as a fall guy.
Whitacre's Book Reveals Secret Of Unseasoned GM CEOs
GM’s North American president, Mark Reuss, was in the running as CEO in 2010, but was passed-over for an alleged “lack of seasoning,” says Reuters after reading an upcoming book by GM’s former CEO, Ed Whitacre. Instead of Reuss, who had shown that he knows what he is doing, a completely unseasoned Dan Akerson was put at the helm of GM.
According to the book, Whitacre recommended Reuss as his replacement when Whitacre stepped down after the bailout. Whitacre writes:
Car Fight! Fiat And Nissan Trade Insults Over Who's Uglier
Forward contracts for popcorn skyrocketed at the Chicago Mercantile Exchange, the Tokyo Commodity Exchange and other world markets after managers of Fiat and Nissan traded barbs about beauty.
Matt Davis, head of Fiat brand product marketing, hit first.
Weird Career Move Of The Day: Ewanick Becomes Interim Sales Chief Of Fisker
Joel Ewanick is not on a good trajectory. The former rock star marketing chief of Hyundai, and later defenestrated global marketing chief of GM, hired on as “Chief Commercial Officer” at Fisker. Not even that. He will be interim Chief Commercial Officer until Fisker has found a suitable replacement for allegedly retiring Richard Beattie. Beattie had signed on last December.
German Media: Opel Snags New CEO. He Looks Like An Ostrich
After a rash of interim-CEOs, Opel may have found a more permanent one. It’s the former Volkswagen manager Karl-Thomas Neumann. The successful recruitment was first published by Financial Times Deutschland, the report was quickly confirmed by wire services and major German newspapers.
Ford Anoints Mulally's Successor. Mark Fields Gets The Power
Observers knew that something was in the bush when Ford scheduled a conference call for today 9 a.m. Eastern. Hosted by Ford CEO Alan Mulally and Executive Chairman Bill Ford Jr., the call promised to be about more than October sales. It was about Ford’s future CEO.
"Forget Volume:" After Work Talk With Johan De Nysschen, CEO Of Infiniti. Part 2
In Part 1 of our talk with Infiniti CEO Johan de Nysschen at his new office at the Infiniti world headquarters in Hong Kong, we talked about his new job, about new directions for Infiniti, and for the brand. In the second part, we talk about the new cars Infiniti will bring, where they will be made, what engines will be in them, and what deNysschen thinks about the plan to sell half a million by 2016.
In April at the Beijing auto show, Nissan’s Andy Palmer said he wants to see 500,000 Infiniti sold by 2016, while conceding that this is “an aggressive target.” In the last fiscal year, Infiniti sold 141,000 units worldwide, 105,000 of those in the Americas. In carefully crafted words, de Nysschen explains what he thinks of the 500,000 unit target:
Recent Comments