Kerkorian aims to boost GM stake in bid to add pressure on Wagoner

Article Abstract:

Billionaire Kirk Kerkorian plans to invest more heavily in General Motors, increasing both his ownership (to 12%) and his influence . Mr. Kerkorian is in favor of an alliance with Renault S.A., while CEO Rick Wagoner Jr. is opposed to such a partnership.

Strategy & planning, Financial management, Securities issued, listed, TRANSPORTATION EQUIPMENT, Planning, Company investment, Investments, Influence, General Motors Corp., GM, Securities, Company securities, Company business planning, Kerkorian, Kirk, Wagoner, G. Richard, Jr.

---

Ford's foreign-operations chief becomes latest to exit post

Article Abstract:

Ford Motor Co. has lost another key executive with the resignation of Mark Schulz, head of international operations. Ford, which has suffered significant financial losses in the past year, is undergoing a restructuring of its North American operations.

Motor Vehicles and Equipment, Appointments, resignations and dismissals, Ford Motor Co., F, Automotive industry, Schulz, Mark

---

Turnaround pressure intensifies on Chrysler chief

Article Abstract:

Tom Lasorda, CEO of DaimlerChrysler's Chrysler Group, is facing pressure to quickly restructure the U.S. division. The U.S. unit is expected to break even in the fourth quarter, but reported a third- quarter operating loss of $1.48 billion.

Motor vehicles and car bodies, Organizational history, Management dynamics, Management, Automobile industry, Company restructuring/company reorganization, Reorganization and restructuring, Company business management, Company organization, Chrysler L.L.C., Lasorda, Tom

Similar abstracts:

• Abstracts: Disney to buy U.K. Sports Channel in bid to expand reach of ESPN. Ono believes ties with Auna hold promise
• Abstracts: Ryanair's posts 26% rise in net amid surging nonticket revenue. Ryanair net drops on high fuel costs
• Abstracts: Siemens plans acquisition to boost internet strategy. Too many chiefs at Siemens
• Abstracts: China's ICBC to buy stake in African firm. RBS write-down calms fears. ICBC poised for massive offering
• Abstracts: Dollar advances against Euro, is flat with Yen in quiet trade. Dollar poists gains on European rivals, eases against Yen

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