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Opel design boss dismissed
Mon, 30 Jul 2012Newly appointed Opel design boss Dave Lyon has been dismissed by parent company General Motors, less than a week before he was set to take over the position at the company's troubled European subsidiary in Russelsheim, Germany. Lyon, who was set to receive Opel's design operations from current boss Mark Adams on Aug. 1, was reportedly escorted from GM design headquarters in Michigan late last week under mysterious circumstances.
News watch February 2012: today's auto industry news
Wed, 29 Feb 2012Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Wednesday 29 February 2012• Following on from yesterday's news of a cross-holding between PSA and GM, it now appears that Peugeot Citroen would offer a €1bn rights issue to create cash and strip back jobs as part of its proposed alliance with GM (Automotive News Europe) • The Bloomberg Riskless Return Ranking, a survey of investor performance, suggests that Kia has outperformed all 22 other car makers with a risk-adjusted return of 9.2% in the past five years. Second highest was Hyundai, whose shares rose 4.8% in the same period (Bloomberg)• Fisker has a new chief executive officer, as founder Henrik Fisker moves to executive chairman. The new boss is Tom LaSorda, the former top man at Chrysler pre-bankruptcy (Fisker)Tuesday 28 February 2012• General Motors is in talks to buy a 5% to 7% stake in PSA Peugeot Citroen, according to reports by news agencies Bloomberg and Reuters.
Nissan IDx concepts tour Cali
Thu, 30 Jan 2014Having traveled from the Tokyo motor show to the Detroit auto show, Nissan's Datsun-inspired IDx concepts are on to much warmer weather. The upcoming three-day tour, starting Jan. 31, will begin in Venice, Calif., on Abbot Kinney Boulevard.




