Post Tagged with: "ceo"

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GM ready to spend one billion dollars in India

GM ready to spend one billion dollars in India

General Motors, the largest US automaker and the third biggest in the world, announced on Wednesday it would pour $1 billion over the coming years into its Indian operations to have the country its new worldwide export hub. The investment comes amid a production capacity reduction in India, as demand […]

Hertz manages to fix financial books, lift cost cutting program

Hertz manages to fix financial books, lift cost cutting program

Hertz Global Holdings Inc.’s shares soared after the rental-car company announced it had ended restating its financial results for more than two years and its expense savings were higher than initially forecasted. The company finally managed to identify the $207 million it had “lost” through additional pretax misstatements from 2011 […]

GM keeping small car production in the US

GM keeping small car production in the US

After Ford last week announced it would shift away from its Michigan Assembly factory in suburban Detroit the production of two of its compact cars, questions were immediately raised about General Motors small car situation. Now, General Motors chief executive officer Mary Barra has tamed the storm, claiming the largest […]

New Honda CEO denies plans to assist Takata

New Honda CEO denies plans to assist Takata

Honda Motor Co., the third largest Japanese automaker, has a new chief executive and president starting this month and the newly appointed executive has denied any strategy to assist financially its troubled airbag supplier, Takat Corp. Honda is the largest client for Takata, the airbag supplier at the heart of […]

Suzuki Motor has a new president and business plan

Suzuki Motor has a new president and business plan

Japan’s fourth largest automaker, Suzuki Motor, has announced that its 85-year-old chief executive officer Osamu Suzuki has appointed his eldest son, Toshihiro Suzuki, as the new president of the company. The announcement, highly anticipated the shareholders, is a move to appease investor concerns over the automaker’s top management succession plans […]

Report – Suzuki to make leadership change

Report – Suzuki to make leadership change

According to a recent report from the Japanese Nikkei business daily, Suzuki Motor Corp’s Osamu Suzuki – who is the company chief executive officer and chairman – will name his son, Executive Vice President Toshihiro Suzuki as the new president. The appointment, with the father relegating to his son part […]