Renault has appointed the former boss of Volkswagen Group’s Seat brand, Luca de Meo, as its new chief executive. Eager to remove former CEO Thierry Bollore and further distance itself from any ties to Carlos Ghosn, the company has been without an official leader since October.
The automaker made an announcement Tuesday, saying that after a selection process led by the Governance and Compensation Committee, the Board of Directors under the chairmanship of Jean-Dominique Senard had settled on de Meo.
Clotilde Delbos, currently serving as interim CEO, will continue to assume her functions until Luca takes office at the beginning of July. Viewed as the most-likely successor since 2019, de Meo was simply waiting out the non-compete clause in his contract with VW. His official hiring still needs approval from Renault shareholders, with the next meeting taking place in April.
Daimler AG and its Mercedes-Benz division won’t have Dieter Zetsche at the helm for much longer. The mustachioed, jeans-loving chief executive, who’s headed the automaker since 2000, leaves the position in May, the automaker announced Wednesday.
Dr. Z isn’t leaving the company — come May, the 65-year-old will accept the role of chairman of the group’s supervisory board. Occupying Zetsche’s former position as head of Daimler and the Mercedes-Benz brand will be the first non-German CEO in the company’s exceptionally long history.
After the sudden illness of industry titan Sergio Marchionne in late July, Fiat Chrysler enacted some quick changes in order to name a new CEO. Mike Manley, who had helmed powerhouse FCA brands, was installed into the role on July 21st, just four days before Mr. Marchionne’s passing.
Reuters reported this morning that Manley will announce his new team during an event towards the end of this month. Until now, little else has been said about the remainder of FCA’s management roster. In a post-Sergio world, who will head up each of the company’s brands?
Fred Diaz, who once headed the Ram brand before Nissan tapped him to lead the company’s truck division, has been put in charge of Mitsubishi’s North American operations.
While I’d love to run a headline saying something to the effect of “Mitsu Raids Corporate Cupboard for a New Raider,” I think the chances of a full-sized, badge-engineered Diamond Star pickup are somewhere between nil and nada, no matter the background of the brand’s new CEO.
Cadillac CEO: Autonomous Cars Must Co-exist With Driving Passion, or 'You Might as Well Take the Bus'
Speaking Wednesday at the 10th annual J.D Power Automotive Marketing Roundtable in Las Vegas, Cadillac CEO Johan de Nysschen didn’t mince words regarding Silicon Valley’s infatuation with fully autonomous driving.
The luxury brand chief, while standing before an image of Google’s autonomous prototype, said: “Many autonomous car (prototypes) emphasize sheer functionality. It would be a mind-numbing experience going from point A to B. My goodness, you might as well take the bus.”
De Nysschen said Cadillac’s upcoming Super Cruise strikes a balance between fully autonomous driving and driving yourself.
A criminal complaint in Germany (that could have been filed by anyone) has prompted an investigation into whether former Volkswagen CEO Martin Winterkorn knew the automaker was selling cars with an illegal “defeat device” to fool emissions test, Reuters reported.
Several complaints have been filed with German prosecutors, including one from within Volkswagen, according to the Chicago Tribune.
Winterkorn’s investigation may take months — or even years — as German authorities look into how widespread cheating and lying was at the automaker.
Müller replaces Martin Winterkorn, who resigned after the Environmental Protection Agency notified Volkswagen that 482,000 cars in the U.S. used an illegal “defeat device” to cheat emissions.
In a statement Müller said that restoring trust in the automaker would be his first priority:
My most urgent task is to win back trust for the Volkswagen Group – by leaving no stone unturned and with maximum transparency, as well as drawing the right conclusions from the current situation.
Müller, who is 62 years old, took over as CEO of Porsche in 2010, where he expanded the sports car-maker’s lineup to include more crossover vehicles. Müller is a Volkswagen AG lifer: before becoming CEO of Porsche, Müller was in charge of all Audi and Lamborghini product lines, and had been at Audi since 1977.
On Monday, German newspaper Der Tagesspiegel reported that Müller would replace Winterkorn by the end of this week.
According to the report, Müller will be seen as a compromise CEO who is friendly to rank-and-file VW workers.
The Chairman of the Board of Management for Škoda, Prof. Dr. h.c. Winfried Vahland, is expected to replace Michael Horn as CEO of Volkswagen of America, reports Automotive News.
The news is just the latest in a number of rumors regarding a massive executive shuffle following the departure of Volkswagen AG CEO Martin Winterkorn on Wednesday.
During the U.S. launch of a refreshed 2016 Passat in New York on Monday, Horn said: “Our company was dishonest with the EPA, and the California Air Resources Board and with all of you. And in my German words: We have totally screwed up.”
After Volkswagen admitted to gaming emissions tests with software containing a “defeat device”, German publication Der Tagesspiegel (via Jalopnik) is reporting that Volkswagen CEO Martin Winterkorn will be replaced at the end of the week by Porsche CEO Matthias Müller.
The German outlet — the name of which translates to “The Daily Mirror” — reportedly gained the information from “supervisory circles”.
Volkswagen has not yet confirmed the rumor.
Update 1: Reuters is reporting that a Volkswagen spokesman described the report as “ridiculous.” A spokesman for Porsche said Müller is at a Volkswagen board meeting today in Wolfsburg.
As we reported earlier, Clyde Campbell and a number of his associates, including his successor Veronica Johns and former boss Ernst Lieb by way of his Motorworld dealerships, are being named in a misappropriation case claiming $30 million AUD was funnelled out of company coffers.
This weekend, more details have come to light, including how Campbell was able to pilfer FCA funds without raising red flags in Detroit.
The story verges on conspiracy and includes the wife of Campbell, his successor, a formerly disgraced Daimler executive, a casino, a boat and extravagant homes paid for by FCA without its knowing. Even Campbell’s wife’s hairdresser received a free Jeep as part of the brand’s “ambassador” program.
Mark Hawthorne of The Sydney Morning Herald remarked, “It has all the makings of a Hollywood script. In Elizabeth Hurley, it even has the presence of a Hollywood star.”
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.
Latest Car ReviewsRead more
Latest Product ReviewsRead more
- 2ACL I can't help feeling that baby is a gross misnomer for a vehicle which the owner's use necessitated a (manual!) transmission rebuild at 80,000 miles. An expensive lesson in diminishing returns I wouldn't recommend to anyone I know.
- El scotto Rumbling through my pantry and looking for the box of sheets of aluminum foil. More alt right comments than actual comments on international trade policy. Also a great deal of ignorance about the global oil industry. I'm a geophysicist and I pay attention such things. Best of all we got to watch Tassos go FULL BOT on us.
- El scotto No one and I mean no one on here is a UAW member or a salaried employee of the Big 3. Then again if someone identified themselves on here they would pilloried every time they posted.The comments on here are like listening to the overgrown children who call into sports radio shows.
- Statikboy Those tires are the Wrong Size.
- Mustangfast I had an 06 V6 and loved that car. 230k trouble free miles until I sold it. I remember they were criticized for being too small vs competitors but as a single guy it was the right size for me. I recall the 2.3 didn’t have a reputation for reliability, unlike the V6 and I4. I think it likely didn’t take off due to the manual-only spec, price tag, and power vs the V6 engine and the way it delivered that power. It was always fun to see the difference between these and normal ones, since these were made in Japan whereas all others were flat rock