Former BMW executive Reitzle set to join Ford's management

Article Abstract:

Wolfgang Reitzle, a former leading executive with BMW AG, will be joining the management of Ford Motor Co. Mr. Reitzle will oversee Ford's luxury car brands. The car maker's luxury vehicle group includes Ford's Jaguar, Aston Martin, and Lincoln brands. The group will also include Volvo once Ford's $6.5 billion acquisition of the car maker is finished. Mr. Reitzle will report to Jacques Nasser, Ford's chief executive officer.

Comment:

Wolfgang Reitzle to become head of Ford's luxury car brands

Motor vehicles and car bodies, Automobiles, Automobile Manufacturing, Abstract, Automobile industry, Transportation equipment industry

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Rise in Morgan Stanley shares shows the power of hope

Article Abstract:

Since Chief Executive Officer Philip Purcell has resigned the shares of the investment bank have increased. Investors are excited that a new Chief Executive Officer could increase the value of their holdings. Shares were up $1.29 to $51.90 yesterday on the New York Stock Exchange after being slow since January 2002.

Commodity & service prices, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Prices and rates, Securities industry, Company Profile, MWD, Morgan Stanley, Company pricing policy, Purcell, Philip

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Ford CEO to sell bank shares

Article Abstract:

Ford Motor Co.'s Chief Executive William Clay Ford Jr. will sell his shares in Goldman Sachs Group Inc. Ford owns 400,000 shares of Goldman Sachs in order to end accusations that he took advantage of his post to make a profit.

Personnel administration, Compensation and benefits, The Goldman Sachs Group Inc., Ford, William Clay, Jr., Automotive industry

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