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French government vows Renault reform after meeting with Ghosn

The French government will see to it that the individuals responsible for the now debunked Renault SA espionage affair are dealt with, the Finance and Industry ministers said in a statement. "The ministers underscored that they will pay close attention to organizational reform and individual responsibility (at Renault) based on the result of the audit," Finance minister Christine Lagarde and Industry Minister Eric Besson said in a joint statement after meeting with Renault CEO Carlos Ghosn on Thursday. The French state, which owns 15 percent of Renault, has called for a thorough investigation into discredited claims that three Renault executives were spying on the carmaker, possibly for a foreign government.

McLaren P1: Paris 2012

The McLaren P1 – spiritual successor to the iconic McLaren F1 – has been publicly revealed at the 2012 Paris Motor Show. Still, we do have more details on the P1 concept that McLaren say will turn in to a production car in 2013 before it finds its way in to the garages of wealthy McLaren customers in 2014. The McLaren P1 is designed to be “…the best driver’s car in the world on road and track” according to McLaren, which is setting the bar a bit higher than high, and the concept P1 at Paris is – at least in terms of what we can see – 95 per cent of what the production model will be.

Whitacre says GM is making progress, could be profitable in 2010

General Motors Co. could be profitable later in 2010 if it can continue sales momentum and economic conditions even out, CEO Ed Whitacre said on Wednesday. “Certainly we're aimed at profitability as quickly as we can get there,” he said.