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Jaguar, Land Rover Ownership Changes Hands this Week

March 26, 2008 by newsbot

Some could say that it feels like an eternity since the Tata Motor Group and Ford Motor Co. have been linked concerning the sale of Jaguar and Land Rover. But it appears that eternity is about to end.

Ford shakes up Asian management team

March 21, 2008 by newsbot

Ford Motor Co. has shuffled its Asia management team. Mei-Wei Cheng, the current chairman and CEO of Ford Motor China, will become a Ford Motor group vice president and executive chairman of Ford Motor China.

FINANCIAL HEADLINES: Penske to step down from retailer (Detroit Free Press)

March 3, 2008 by newsbot

Penske Automotive Group Inc., a Bloomfield Hills-based automotive retailer, announced Friday that its president, Roger S. Penske Jr., is stepping down from his position, effective March 31. Penske Jr. will be relocating to California, where he will acquire four dealerships from privately held Penske Motor Group.

Chinese auto giant is born

December 28, 2007 by newsbot

The first major consolidation between Chinese automakers has taken place, as Shanghai Automotive (owned by SAIC) and Nanjing Automobile (owned by Yuejin Motor Group) have now merged. Shanghai Auto paid $286 million dollars to acquire the vehicle and parts operations...

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