Fiat CEO Marchionne grabs the wheel of ailing auto unit

Article Abstract:

Sergio Marchionne of Fiat S.p.A. after orchestrating a payout from General Motors Corp. has begun to restructure the automobile company by firing Herbert Demel and appointing himself Chief Executive Officer. The management restructuring gives emphasis to the uncertain financial future of Fiat S.p.A. and underscores Mr. Marchionne's committment.

Italy, Financial management, Management dynamics, Executive changes & profiles, Management, Officials and employees, Finance, Appointments, resignations and dismissals, Automobile industry, Company Profile, Company business management, Fiat S.p.A., Company financing, Marchionne, Sergio, Demel, Herbert

---

GM to start loan blitz for '04 models

Article Abstract:

General Motors Corp. plans to offer no-interest loans for 72 months on most 2004 models. New-vehicle sales in the first half of September were unusually slow, so there is a larger-than-expected inventory that must be cleared.

United States, Strategy & planning, Marketing procedures, Automobiles, Automobile Manufacturing, TRANSPORTATION EQUIPMENT, Planning, Marketing, General Motors Corp., GM, Transportation equipment industry, Company marketing practices, Company business planning

---

Similar abstracts:

• Abstracts: Zoellick to be named as Rice's deputy. Scrutiny of Halliburton unit grows: Pentagon says KBR unit overcharged $16 million for food at one U.S. base
• Abstracts: A general's new plan to battle radical Islam. Wolfowitz Nominated for World Bank. Attack on helicopter kills 15 U.S. soldiers; a struggle for control
• Abstracts: RBS group lines up financing: stock, assets will be sold to help fund bid for ABN; Merrill gets leading role

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.