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Charles Morgan dismissal appeal rejected

Charles Morgan’s appeal against his dismissal from Morgan Motor Company has been rejected, after the firm’s board of directors chose to uphold the ruling last Friday, 25 October. In a short statement posted on his personal blog, Charles Morgan outlined, “I have been informed that Morgan has rejected my appeal and, as a result, I have been removed from Morgan Technologies.” On Bing: see pictures of Morgan cars Find out how much a used Morgan costs on Auto Trader The former strategy director of the Malvern-based British sports car manufacturer went on to say that “it is incredibly disappointing news.” Morgan – whose grandfather H.F.S. Morgan founded the company in 1910 – stated, “I have been dismissed on what I believe are very contentious grounds.

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GM posts quarterly net income of $1.96 billion

General Motors Co., in its final financial snapshot before next week's initial public offering of stock, posted third quarter net income of $1.96 billion on revenues of $34.06 billion. The results, released Wednesday, were in line with a forecast issued last week. GM now has earned $4.16 billion on revenues of $98.71 billion through three straight profitable quarters this year--a dramatic swing after five consecutive annual losses.