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It seems Proton wants to dump Lotus – but can they?
Wed, 11 Apr 2012Can Proton actually sell Lotus? The rumours continue to circulate that Proton wants to divest itself of Lotus. But under the terms of the DRB-Hicom deal, can they?
Fiat set to grab 51 per cent of Chrysler
Sun, 17 Apr 2011Sergio Marchionne wants majority at Chrysler What a difference a couple of years makes. On May Day in 2009 we reported that Chrysler had been put in to Chapter 11 Bankruptcy and the US Government was stepping in to ease the pain with $7.5 billion (admittedly at somewhat less than mates-rates) and that the management were ‘leaving the building’. Step forward Fiat to take up a 20% stake in Chrysler and Fiat boss, Sergio Marchionne, who planned to lead Chrysler away from the dark side and in to the light, with the promise of smaller and more efficient platforms and engines.
Renault spy scandal: Former COO 'had to leave'
Tue, 30 Apr 2013Patrick Pelata fell on his sword to save his boss and friend -- and maybe his company. Pelata, often called one of the industry's best product strategists, was part of a small team of executives Carlos Ghosn brought to Nissan Motor Co. in 1999 after Renault bought a controlling stake in the Japanese company.