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Orlando, Florida, US
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Saturn alerts customers it is considering a spinoff
Thu, 19 Feb 2009Saturn has begun alerting customers that it may be spun off by General Motors as an independent marketing and distribution company. In a letter sent to about 1.5 million Saturn owners Wednesday night, Saturn said it would have to line up products to sell--either from other manufacturers or from GM in the role of a vendor--after GM's current commitment to build Saturn products ends after the 2012 model year. "The Saturn Distribution Corporation already exists as an indirect subsidiary of GM," wrote Jill Lajdziak, general manager of Saturn, in the letter.
Chrysler, Hyundai-Kia, VW lead industry to 14 percent sales gain
Thu, 01 Dec 2011U.S. auto sales--led by big gains at Chrysler Group, Hyundai-Kia, Mercedes-Benz and Volkswagen--rose 14 percent last month for their biggest increase since April. On a seasonally adjusted annual basis, sales reached 13.6 million units last month.
Lowie Vermeersch resigns from Pininfarina
Fri, 03 Dec 2010CDN has learned that Lowie Vermeersch has resigned from Pininfarina, where he was Design Director. According to our sources, the Belgian designer has left to pursue other as yet unnamed ventures in the design industry. Vermeersch has been at Pininfarina for the last 12 years, leading the design team that created the new Ferrari 458 as well as the Duettottanta and Sintesi concept cars.