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William Maley Editor/Reporter - CheersandGears.com February 12, 2012 The smallest Cadillac currently is the new ATS sedan. But that could be changing. “The (compact) ATS sedan is not as small as we could go at Cadillac,” says Dave Leone, vehicle-line executive for the ATS. “The ATS is only the first entry. The ATS platform is scalable, so we could go smaller or larger.” The ATS is 7.7 inches shorter than the CTS, but the platform could be scaled down even further, possibly spawing a competitor to the BMW 1-Series, Audi A3, and Mercedes A-Class. Leone went onto to say, a smaller ATS would “a legitimate entry in the largest segment in the industry, the small, entry-level luxury market.” Source: Wards Auto View full article
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William Maley Editor/Reporter - CheersandGears.com February 12, 2012 The smallest Cadillac currently is the new ATS sedan. But that could be changing. “The (compact) ATS sedan is not as small as we could go at Cadillac,” says Dave Leone, vehicle-line executive for the ATS. “The ATS is only the first entry. The ATS platform is scalable, so we could go smaller or larger.” The ATS is 7.7 inches shorter than the CTS, but the platform could be scaled down even further, possibly spawing a competitor to the BMW 1-Series, Audi A3, and Mercedes A-Class. Leone went onto to say, a smaller ATS would “a legitimate entry in the largest segment in the industry, the small, entry-level luxury market.” Source: Wards Auto
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William Maley Editor/Reporter - CheersandGears.com February 11, 2012 Former President George W. Bush spoke this week to a gathering of auto dealers. During his speech, Bush defended his decision on bailing out Chrysler and General Motors. "I'd do it again. I didn't want there to be 21 percent unemployment," Bush told dealers. Bush told dealers he believed in the free market and in normal conditions, automakers and other businesses should have been allowed to fail. "If you make a bad decision, you ought to pay," Bush said. "Sometimes circumstances get in the way of philosophy." In late December 2008, Bush agreed to a $17.4 billion bailout for GM and Chrysler as part of the $700 billion Troubled Asset Relief Program. Bush avoided talking about the current Republican candidates saying the bailout was a bad idea. Republican presidential candidate Mitt Romney has said both Bush and current President Barack Obama were wrong in their decision to do a bailout. Romney said he would have put both companies in a controlled bankruptcy from the start. Source: The Detroit News http://www.detroitne...uts-d-do-again- View full article
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William Maley Editor/Reporter - CheersandGears.com February 11, 2012 Former President George W. Bush spoke this week to a gathering of auto dealers. During his speech, Bush defended his decision on bailing out Chrysler and General Motors. "I'd do it again. I didn't want there to be 21 percent unemployment," Bush told dealers. Bush told dealers he believed in the free market and in normal conditions, automakers and other businesses should have been allowed to fail. "If you make a bad decision, you ought to pay," Bush said. "Sometimes circumstances get in the way of philosophy." In late December 2008, Bush agreed to a $17.4 billion bailout for GM and Chrysler as part of the $700 billion Troubled Asset Relief Program. Bush avoided talking about the current Republican candidates saying the bailout was a bad idea. Republican presidential candidate Mitt Romney has said both Bush and current President Barack Obama were wrong in their decision to do a bailout. Romney said he would have put both companies in a controlled bankruptcy from the start. Source: The Detroit News http://www.detroitne...uts-d-do-again-
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and you would be wrong.. I was back here in Detroit, making sure our fearless leader's pictures got online.
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William Maley Editor/Reporter - CheersandGears.com February 10, 2012 Earlier this week, Fisker announced they had temporarily halted work on Nina family sedan at the Fisker Automotive plant in Wilmington, Del. The temporary halt is due to Fisker and the federal government hashing out new terms of the company’s $529 million Department of Energy loan. The halt has caused Fisker to layoff 26 people at its Delaware plant and a number of contract engineers at Fisker's Anaheim, Calif., headquarters. So why is the federal government and Fisker renegotiating details about the loan? Well, the Department of Energy’s load had certain deadlines, or milestones for Fisker to meet with Karma plug-in hybrid. Fisker failed to meet those deadlines and the department required modification of the terms of the loan to incorporate new deadlines for the company's second car, the Nina. "DOE loan-modification negotiations are fairly standard procedure. We have to deliver on certain milestones, and we didn't hit all our targets with the Karma. This is a relatively ordinary series of events," said Fisker spokesman Roger Ormisher. So far, Fisker has used Fisker has used $193 million of the $529 million government loan, mostly for the Karma. The remaining amount will go towards the new Nina. Source: Autoweek View full article
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Fisker Stops Work On Nina, Lays Some Workers Off
William Maley posted an article in Automotive Industry
William Maley Editor/Reporter - CheersandGears.com February 10, 2012 Earlier this week, Fisker announced they had temporarily halted work on Nina family sedan at the Fisker Automotive plant in Wilmington, Del. The temporary halt is due to Fisker and the federal government hashing out new terms of the company’s $529 million Department of Energy loan. The halt has caused Fisker to layoff 26 people at its Delaware plant and a number of contract engineers at Fisker's Anaheim, Calif., headquarters. So why is the federal government and Fisker renegotiating details about the loan? Well, the Department of Energy’s load had certain deadlines, or milestones for Fisker to meet with Karma plug-in hybrid. Fisker failed to meet those deadlines and the department required modification of the terms of the loan to incorporate new deadlines for the company's second car, the Nina. "DOE loan-modification negotiations are fairly standard procedure. We have to deliver on certain milestones, and we didn't hit all our targets with the Karma. This is a relatively ordinary series of events," said Fisker spokesman Roger Ormisher. So far, Fisker has used Fisker has used $193 million of the $529 million government loan, mostly for the Karma. The remaining amount will go towards the new Nina. Source: Autoweek -
William Maley Editor/Reporter - CheersandGears.com February 10, 2012 Last night, Tesla introduced their next vehicle, the Model X. Based on on an extended platform of the 5+2 passenger sedan, the Model S, the Model X is a seven passenger crossover EV. Design of the Model X takes a Model S, enlarges it, and adds the back end of the BMW X6. The signature design feature of the Model X is what Tesla is calling falcon-wing doors, a two-piece articulated gullwing door. The trick with the falcon-wing doors is their ability to fold in while opening, thus making it easier to exit in tight spots. Like the Model S, the Model X will be offered with different battery sizes (60 and 85 kW-hrs). Range for the Model X is expected to be 10% less than the Model S (about 214 to 267 miles depending on the battery). Recharge time is expected to be around four hours. Tesla says the Model X will begin production sometime in 2013, with sales beginning a year after. Want to be one of the first people to get one? Tesla has opened up pre-orders starting today. Source: Automotive.com View full article
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William Maley Editor/Reporter - CheersandGears.com February 10, 2012 Last night, Tesla introduced their next vehicle, the Model X. Based on on an extended platform of the 5+2 passenger sedan, the Model S, the Model X is a seven passenger crossover EV. Design of the Model X takes a Model S, enlarges it, and adds the back end of the BMW X6. The signature design feature of the Model X is what Tesla is calling falcon-wing doors, a two-piece articulated gullwing door. The trick with the falcon-wing doors is their ability to fold in while opening, thus making it easier to exit in tight spots. Like the Model S, the Model X will be offered with different battery sizes (60 and 85 kW-hrs). Range for the Model X is expected to be 10% less than the Model S (about 214 to 267 miles depending on the battery). Recharge time is expected to be around four hours. Tesla says the Model X will begin production sometime in 2013, with sales beginning a year after. Want to be one of the first people to get one? Tesla has opened up pre-orders starting today. Source: Automotive.com
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William Maley Editor/Reporter - CheersandGears.com February 10, 2012 From the rumors that just won’t die file; Infiniti is considering a version of Nissan’s GT-R. Car Magazine spoke with Francois Bancon, head of advanced planning for Infiniti. He said Infiniti was looking at 'three or four' proposals for a possible flagship. One of those proposals is a sports car based on GT-R. "It's too good a platform to use only on one model," Bancon said. When asked what changes would need to be made for Infiniti to use the GT-R, Bancon said, “It would have to be softer than the GT-R. 'And that's extremely difficult to do. You can't easily tweak the GT-R to deliver the sophisticated, more refined performance we would need on an Infiniti.” Bancon said a decision could be reached within two to three years, which mean production of this or any flagship model could take up five years after the decision. Source: Car Magazine View full article
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William Maley Editor/Reporter - CheersandGears.com February 10, 2012 From the rumors that just won’t die file; Infiniti is considering a version of Nissan’s GT-R. Car Magazine spoke with Francois Bancon, head of advanced planning for Infiniti. He said Infiniti was looking at 'three or four' proposals for a possible flagship. One of those proposals is a sports car based on GT-R. "It's too good a platform to use only on one model," Bancon said. When asked what changes would need to be made for Infiniti to use the GT-R, Bancon said, “It would have to be softer than the GT-R. 'And that's extremely difficult to do. You can't easily tweak the GT-R to deliver the sophisticated, more refined performance we would need on an Infiniti.” Bancon said a decision could be reached within two to three years, which mean production of this or any flagship model could take up five years after the decision. Source: Car Magazine
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William Maley Editor/Reporter - CheersandGears.com February 10, 2012 The House Science Committee approved a bill on Tuesday that bars the EPA from going forward with E15 till further studies are done. The bill sponsored by Rep. James Sensenbrenner (R-WI), was passed by a 19-7 vote as members voted along party lines. Automakers and and corn growers have clashed over E15, which is made from 15 percent corn-based ethanol biofuel since 2010. The EPA has allowed E15 use in 2001 and newer vehicles, but various interest groups, including Alliance of Automobile Manufacturers, the American Petroleum Institute protested. "This bill will halt EPA's rush to introduce mid-level ethanol blends and ensure such fuel blends receive the proper scientific analysis before being put into the marketplace," the groups wrote in a letter sent to the House Science Committee chair Ralph Hall (R-TX). The American Coalition for Ethanol criticized the bill, saying EPA has already studied the fuel at length. The bill would "create new and unnecessary over-regulation for E15 and other ethanol-blended fuels and block consumer fuel choice," said the group's executive vice president Brian Jennings. "No other fuel, including gasoline, has undergone the same battery of tests. Once it hits the market, E15 will be clearly labeled for its intended use for consumers to prevent misfueling in small and non-road engines." This latest bill is another setback for Ethanol advocates. In December, Congress ended a 30 year subsidy for corn-based ethanol, that cost taxpayers an estimated $6 billion per year. Brazilian ethanol, which is made from sugarcane, also had its tariff lifted. Source: The Detroit News View full article
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William Maley Editor/Reporter - CheersandGears.com February 10, 2012 The House Science Committee approved a bill on Tuesday that bars the EPA from going forward with E15 till further studies are done. The bill sponsored by Rep. James Sensenbrenner (R-WI), was passed by a 19-7 vote as members voted along party lines. Automakers and and corn growers have clashed over E15, which is made from 15 percent corn-based ethanol biofuel since 2010. The EPA has allowed E15 use in 2001 and newer vehicles, but various interest groups, including Alliance of Automobile Manufacturers, the American Petroleum Institute protested. "This bill will halt EPA's rush to introduce mid-level ethanol blends and ensure such fuel blends receive the proper scientific analysis before being put into the marketplace," the groups wrote in a letter sent to the House Science Committee chair Ralph Hall (R-TX). The American Coalition for Ethanol criticized the bill, saying EPA has already studied the fuel at length. The bill would "create new and unnecessary over-regulation for E15 and other ethanol-blended fuels and block consumer fuel choice," said the group's executive vice president Brian Jennings. "No other fuel, including gasoline, has undergone the same battery of tests. Once it hits the market, E15 will be clearly labeled for its intended use for consumers to prevent misfueling in small and non-road engines." This latest bill is another setback for Ethanol advocates. In December, Congress ended a 30 year subsidy for corn-based ethanol, that cost taxpayers an estimated $6 billion per year. Brazilian ethanol, which is made from sugarcane, also had its tariff lifted. Source: The Detroit News
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William Maley Editor/Reporter - CheersandGears.com February 9, 2012 Today, Ford president and CEO Alan Mulally announced that two key executives will step down from their positions in April. The two executives are Derrick Kuzak, Ford's head of global product development and Lewis Booth, executive vice president and chief financial officer. Kuzak has been in his current role since 2006 and is one of the people instrumental in creating "One Ford", the plan to develop cars on single global platforms with only cosmetic changes to account for local tastes. Kuzak is also responsible for the increase in measured quality. Booth a 34-year veteran of Ford, was tapped in 2008 as the CFO. His tenure included playing a key role in selling off the Premier Automotive Group brands – Volvo, Jaguar, Land Rover and Aston Martin. Booth also handled the finance department during Ford's resurgence to profitability. Stepping in their places will be Raj Nair, currently Ford's head of engineering and Bob Shanks, Ford's vice president and controller. Ford also announced that former Utah Governor and Presidential candidate, John Huntsman Jr. will become a member of the board of directors. Press Release is on Page 2 Ford CFO Lewis Booth and Global Product Chief Derrick Kuzak to Retire; Veteran Executives Named as Successors Lewis Booth, executive vice president and chief financial officer, has elected to retire effective April 1, after a 34-year career Derrick Kuzak, group vice president, Global Product Development, has elected to retire effective April 1, after a 33-year career Booth will be succeeded by Bob Shanks, currently vice president and Controller Kuzak will be succeeded by Raj Nair, currently vice president, Engineering, Global Product Development DEARBORN, Mich., Feb. 9, 2012 – Ford Motor Company today announced that Lewis Booth, executive vice president and chief financial officer, and Derrick Kuzak, group vice president, Global Product Development, have elected to retire effective April 1. Each has served the automaker for more than 30 years. Booth, 63, will be succeeded by Bob Shanks, who is currently vice president and Controller. Kuzak, 60, will be succeeded by Raj Nair, who is currently vice president, Engineering, Global Product Development. Shanks and Nair assume their new positions April 1. In addition to these changes, Ford is announcing the following moves, also effective April 1: Stuart Rowley, 44, currently chief financial officer, Ford of Europe, has been elected a company officer and will succeed Shanks as vice president and Controller Hau Thai-Tang, 45, currently executive director, Global Product Programs, has been elected a company officer and will succeed Nair as vice president, Engineering, Global Product Development “Lewis Booth and Derrick Kuzak represent the very best of Ford and our culture and built a legacy of leadership, integrity and commitment to excellence that will benefit us for years to come,” said Bill Ford, Ford’s executive chairman. “Lewis and Derrick were absolutely integral to the comeback of Ford and they are retiring with our deepest respect and gratitude.” Finance Changes Booth, a native of Liverpool, England, who was trained as both an accountant and engineer, rose up through the company in a series of financial and operational jobs, including working in Ford’s product development, manufacturing and vehicle operations departments in North America. Booth went on to lead operations for Ford in South Africa and Mazda before being tapped to head Ford of Europe and the Premier Automotive Group, Ford’s former family of European premium brands. In late 2008, a week after the collapse of Lehman Brothers triggered a financial crisis, Booth returned to Dearborn as the company’s chief financial officer. Under his leadership, the Ford treasury and finance teams executed a series of complex moves to shore up Ford's liquidity and reduce debt. Over the last three years, Ford has significantly strengthened its balance sheet, improving its net cash level by $20 billion. The company also has seen its credit rating improve six notches to one level below investment grade. In addition, the dividend is being restored and the company has begun derisking the pension plans. “Lewis brought to his role as chief financial officer a unique blend of financial and operational experience,” said Alan Mulally, Ford president and CEO. “He has helped fully implement the One Ford plan by supporting a fully-funded product plan and delivering a profitably growing Ford for the good of all of us.” Booth began his career with Ford in 1978 as a financial analyst in Product Development for Ford of Europe. Since that time, he has been known not only for his financial and operational expertise but also for his passion for people and products. “During my 34 years at Ford, I’ve had the opportunity to lead the company’s operations on three continents as well as head up our talented Finance team,” Booth said. “It’s been an incredibly rewarding journey. I’m honored to have had the privilege to play a key role in the company’s turnaround and to have worked with outstanding people in the Ford team around the world.” In his new role, Shanks, 59, will assume direct responsibility for the company’s financial operations, including the Controller’s Office, Treasury and Ford Motor Credit Company. He will report to Mulally. “Bob is a terrific leader,” Mulally said. “He has been a wonderful partner to the leadership team in the implementation and institutionalization of the One Ford plan. His deep experience in finance, combined with his global perspective will allow us to continue to deliver an exciting profitably growing Ford.” Since joining Ford as an accounts receivable analyst in 1977, Shanks has held a variety of leadership positions including serving as Controller for The Americas, head of Operations Support, Finance and Strategy for Ford of Europe and Premier Automotive Group (PAG), chief financial officer for PAG and chief financial officer for Mazda Motor Corporation. In addition to other finance positions within Mazda, North America and South America, he led the finance function in Taiwan’s Ford Lio Ho Motor Company and business development activities in Ford's Asia-Pacific operations. Shanks holds a bachelor's degree in foreign service from Georgetown University and a master's degree in international management from the American Graduate School of International Management. Rowley joined Ford in 1990 as a financial analyst for Ford of Britain and has served as the CFO and Vice President Strategic Planning of Ford Europe since August 2010. Previously, he served as CFO and Senior Vice President of Volvo Car Corporation and as Vice President Finance Ford Australia in addition to finance management positions in the Philippines, North America and Europe. Product Development Changes Kuzak, a native of Michigan, led the creation of the One Ford global product cycle plan, defining the company’s vehicle DNA for Ford and Lincoln, transforming Ford’s global product development system, leading platform consolidation across key global vehicle segments, and driving the company’s fuel efficiency, technology, and quality leadership to unprecedented heights. “Derrick’s commitment to product excellence and continuous improvement has allowed Ford to deliver to our customers the industry’s freshest showroom with a complete family of best-in-class products,” said Mulally. “At the same time, he prioritized the development of the next generation of talented, experienced product leaders who will continue to deliver for our global customers.” Kuzak was appointed to his current role in December 2006. Before serving as global product development chief, Kuzak served in a variety of leadership positions in Europe and The Americas. He began his career with Ford in 1978 as a research engineer. He holds both bachelor’s and master’s degrees in electrical engineering from the University of Detroit, where he also earned a doctorate in systems engineering. In 2010, Kuzak also was elected a member of the National Academy of Engineering, the highest and most prestigious award in the engineering community. “It has been an honor to work with so many talented men and women to develop for customers so many meaningful vehicles during the past 33 years,” Kuzak said. “The most rewarding accomplishment is to see all of our teams working together around the world to deliver vehicles in each region that are now consistently great to look at, great to sit in and fun to drive – with bold, emotive designs and fuel economy as a reason to buy.” In his new role, Nair, 47, will assume direct responsibility for all aspects of Ford Motor Company’s product development system. He will report to Mulally. As Kuzak did before him, Nair also will report to Mark Fields, executive vice president of the company and president of The Americas for North American product development. “Raj is the right leader to build on what has been accomplished to date,” Mulally said. “He understands the potential of moving to global platforms with our One Ford plan and he is committed to continuing to serve the world’s customers with best-in-class cars and trucks. In addition, Raj understands how to lead skilled and motivated professionals and further encourage working together around the world.” Since joining Ford as a Body and Assembly launch engineer in 1987, Nair has held a variety of leadership positions in Europe, Asia Pacific Africa and The Americas, including vice president of Operations for Ford’s Asia Pacific and Africa region, executive director of Commodity Business Planning, executive director, North American Product Development and director of New Model Programs for Advanced & Manufacturing Engineering. Nair holds a bachelor’s degree in mechanical engineering with an automotive specialty from Kettering University in Flint, Mich., and was named the recipient of the 2007 Kettering Alumni Achievement Award in Engineering. Thai-Tang joined Ford in 1988 as a college graduate trainee. In addition to serving in his current role since January 2011, Thai-Tang previously served as the director of product development for Ford South America as well as the director of Advanced Product Creation and Special Vehicle Teams (SVT). Prior to that, he was the chief nameplate engineer for the Ford Mustang. His Ford experience also includes an assignment in Germany, as well as working with Ford Racing as part of the company’s CART program. He holds a Bachelor of Science degree in mechanical engineering from Carnegie-Mellon University and a master’s degree from the University of Michigan. Ford Names Jon Huntsman to Board of Directors DEARBORN, Mich., Feb. 9, 2012 – Ford Motor Company announced today the election of Jon M. Huntsman Jr. to the company’s Board of Directors effective immediately. Huntsman, 51, is chairman of the Huntsman Cancer Foundation, a Utah-based cancer charity. The former Republican candidate for president of the United States has served in numerous public and private positions around the world, most recently as the United States Ambassador to China. “Jon brings to Ford’s board of directors extensive global knowledge and experience – particularly in Asia with trade issues – and operational experience gained as governor of Utah, a state that has grown jobs even during the economic crisis,” said Ford Executive Chairman Bill Ford. “Jon understands the importance of strengthening the country’s manufacturing base, which will contribute to our success going forward.” Huntsman was twice elected Governor of Utah, serving from 2005 to 2009. His public service career began as a White House staff assistant to President Ronald Reagan and has since included appointments as Deputy Assistant Secretary of Commerce for Asia, U.S. Ambassador to Singapore and Deputy U.S. Trade Representative. He is a founding director of the Pacific Council on International Policy and has served on various boards such as the Brookings Institute Asia Policy Board, the Center for Strategic and International Studies Pacific Forum, the Asia Society in New York and the National Bureau of Asian Research. Huntsman is a graduate of the University of Pennsylvania and has six honorary doctorate degrees. View full article
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William Maley Editor/Reporter - CheersandGears.com February 9, 2012 Today, Ford president and CEO Alan Mulally announced that two key executives will step down from their positions in April. The two executives are Derrick Kuzak, Ford's head of global product development and Lewis Booth, executive vice president and chief financial officer. Kuzak has been in his current role since 2006 and is one of the people instrumental in creating "One Ford", the plan to develop cars on single global platforms with only cosmetic changes to account for local tastes. Kuzak is also responsible for the increase in measured quality. Booth a 34-year veteran of Ford, was tapped in 2008 as the CFO. His tenure included playing a key role in selling off the Premier Automotive Group brands – Volvo, Jaguar, Land Rover and Aston Martin. Booth also handled the finance department during Ford's resurgence to profitability. Stepping in their places will be Raj Nair, currently Ford's head of engineering and Bob Shanks, Ford's vice president and controller. Ford also announced that former Utah Governor and Presidential candidate, John Huntsman Jr. will become a member of the board of directors. Press Release is on Page 2 Ford CFO Lewis Booth and Global Product Chief Derrick Kuzak to Retire; Veteran Executives Named as Successors Lewis Booth, executive vice president and chief financial officer, has elected to retire effective April 1, after a 34-year career Derrick Kuzak, group vice president, Global Product Development, has elected to retire effective April 1, after a 33-year career Booth will be succeeded by Bob Shanks, currently vice president and Controller Kuzak will be succeeded by Raj Nair, currently vice president, Engineering, Global Product Development DEARBORN, Mich., Feb. 9, 2012 – Ford Motor Company today announced that Lewis Booth, executive vice president and chief financial officer, and Derrick Kuzak, group vice president, Global Product Development, have elected to retire effective April 1. Each has served the automaker for more than 30 years. Booth, 63, will be succeeded by Bob Shanks, who is currently vice president and Controller. Kuzak, 60, will be succeeded by Raj Nair, who is currently vice president, Engineering, Global Product Development. Shanks and Nair assume their new positions April 1. In addition to these changes, Ford is announcing the following moves, also effective April 1: Stuart Rowley, 44, currently chief financial officer, Ford of Europe, has been elected a company officer and will succeed Shanks as vice president and Controller Hau Thai-Tang, 45, currently executive director, Global Product Programs, has been elected a company officer and will succeed Nair as vice president, Engineering, Global Product Development “Lewis Booth and Derrick Kuzak represent the very best of Ford and our culture and built a legacy of leadership, integrity and commitment to excellence that will benefit us for years to come,” said Bill Ford, Ford’s executive chairman. “Lewis and Derrick were absolutely integral to the comeback of Ford and they are retiring with our deepest respect and gratitude.” Finance Changes Booth, a native of Liverpool, England, who was trained as both an accountant and engineer, rose up through the company in a series of financial and operational jobs, including working in Ford’s product development, manufacturing and vehicle operations departments in North America. Booth went on to lead operations for Ford in South Africa and Mazda before being tapped to head Ford of Europe and the Premier Automotive Group, Ford’s former family of European premium brands. In late 2008, a week after the collapse of Lehman Brothers triggered a financial crisis, Booth returned to Dearborn as the company’s chief financial officer. Under his leadership, the Ford treasury and finance teams executed a series of complex moves to shore up Ford's liquidity and reduce debt. Over the last three years, Ford has significantly strengthened its balance sheet, improving its net cash level by $20 billion. The company also has seen its credit rating improve six notches to one level below investment grade. In addition, the dividend is being restored and the company has begun derisking the pension plans. “Lewis brought to his role as chief financial officer a unique blend of financial and operational experience,” said Alan Mulally, Ford president and CEO. “He has helped fully implement the One Ford plan by supporting a fully-funded product plan and delivering a profitably growing Ford for the good of all of us.” Booth began his career with Ford in 1978 as a financial analyst in Product Development for Ford of Europe. Since that time, he has been known not only for his financial and operational expertise but also for his passion for people and products. “During my 34 years at Ford, I’ve had the opportunity to lead the company’s operations on three continents as well as head up our talented Finance team,” Booth said. “It’s been an incredibly rewarding journey. I’m honored to have had the privilege to play a key role in the company’s turnaround and to have worked with outstanding people in the Ford team around the world.” In his new role, Shanks, 59, will assume direct responsibility for the company’s financial operations, including the Controller’s Office, Treasury and Ford Motor Credit Company. He will report to Mulally. “Bob is a terrific leader,” Mulally said. “He has been a wonderful partner to the leadership team in the implementation and institutionalization of the One Ford plan. His deep experience in finance, combined with his global perspective will allow us to continue to deliver an exciting profitably growing Ford.” Since joining Ford as an accounts receivable analyst in 1977, Shanks has held a variety of leadership positions including serving as Controller for The Americas, head of Operations Support, Finance and Strategy for Ford of Europe and Premier Automotive Group (PAG), chief financial officer for PAG and chief financial officer for Mazda Motor Corporation. In addition to other finance positions within Mazda, North America and South America, he led the finance function in Taiwan’s Ford Lio Ho Motor Company and business development activities in Ford's Asia-Pacific operations. Shanks holds a bachelor's degree in foreign service from Georgetown University and a master's degree in international management from the American Graduate School of International Management. Rowley joined Ford in 1990 as a financial analyst for Ford of Britain and has served as the CFO and Vice President Strategic Planning of Ford Europe since August 2010. Previously, he served as CFO and Senior Vice President of Volvo Car Corporation and as Vice President Finance Ford Australia in addition to finance management positions in the Philippines, North America and Europe. Product Development Changes Kuzak, a native of Michigan, led the creation of the One Ford global product cycle plan, defining the company’s vehicle DNA for Ford and Lincoln, transforming Ford’s global product development system, leading platform consolidation across key global vehicle segments, and driving the company’s fuel efficiency, technology, and quality leadership to unprecedented heights. “Derrick’s commitment to product excellence and continuous improvement has allowed Ford to deliver to our customers the industry’s freshest showroom with a complete family of best-in-class products,” said Mulally. “At the same time, he prioritized the development of the next generation of talented, experienced product leaders who will continue to deliver for our global customers.” Kuzak was appointed to his current role in December 2006. Before serving as global product development chief, Kuzak served in a variety of leadership positions in Europe and The Americas. He began his career with Ford in 1978 as a research engineer. He holds both bachelor’s and master’s degrees in electrical engineering from the University of Detroit, where he also earned a doctorate in systems engineering. In 2010, Kuzak also was elected a member of the National Academy of Engineering, the highest and most prestigious award in the engineering community. “It has been an honor to work with so many talented men and women to develop for customers so many meaningful vehicles during the past 33 years,” Kuzak said. “The most rewarding accomplishment is to see all of our teams working together around the world to deliver vehicles in each region that are now consistently great to look at, great to sit in and fun to drive – with bold, emotive designs and fuel economy as a reason to buy.” In his new role, Nair, 47, will assume direct responsibility for all aspects of Ford Motor Company’s product development system. He will report to Mulally. As Kuzak did before him, Nair also will report to Mark Fields, executive vice president of the company and president of The Americas for North American product development. “Raj is the right leader to build on what has been accomplished to date,” Mulally said. “He understands the potential of moving to global platforms with our One Ford plan and he is committed to continuing to serve the world’s customers with best-in-class cars and trucks. In addition, Raj understands how to lead skilled and motivated professionals and further encourage working together around the world.” Since joining Ford as a Body and Assembly launch engineer in 1987, Nair has held a variety of leadership positions in Europe, Asia Pacific Africa and The Americas, including vice president of Operations for Ford’s Asia Pacific and Africa region, executive director of Commodity Business Planning, executive director, North American Product Development and director of New Model Programs for Advanced & Manufacturing Engineering. Nair holds a bachelor’s degree in mechanical engineering with an automotive specialty from Kettering University in Flint, Mich., and was named the recipient of the 2007 Kettering Alumni Achievement Award in Engineering. Thai-Tang joined Ford in 1988 as a college graduate trainee. In addition to serving in his current role since January 2011, Thai-Tang previously served as the director of product development for Ford South America as well as the director of Advanced Product Creation and Special Vehicle Teams (SVT). Prior to that, he was the chief nameplate engineer for the Ford Mustang. His Ford experience also includes an assignment in Germany, as well as working with Ford Racing as part of the company’s CART program. He holds a Bachelor of Science degree in mechanical engineering from Carnegie-Mellon University and a master’s degree from the University of Michigan. Ford Names Jon Huntsman to Board of Directors DEARBORN, Mich., Feb. 9, 2012 – Ford Motor Company announced today the election of Jon M. Huntsman Jr. to the company’s Board of Directors effective immediately. Huntsman, 51, is chairman of the Huntsman Cancer Foundation, a Utah-based cancer charity. The former Republican candidate for president of the United States has served in numerous public and private positions around the world, most recently as the United States Ambassador to China. “Jon brings to Ford’s board of directors extensive global knowledge and experience – particularly in Asia with trade issues – and operational experience gained as governor of Utah, a state that has grown jobs even during the economic crisis,” said Ford Executive Chairman Bill Ford. “Jon understands the importance of strengthening the country’s manufacturing base, which will contribute to our success going forward.” Huntsman was twice elected Governor of Utah, serving from 2005 to 2009. His public service career began as a White House staff assistant to President Ronald Reagan and has since included appointments as Deputy Assistant Secretary of Commerce for Asia, U.S. Ambassador to Singapore and Deputy U.S. Trade Representative. He is a founding director of the Pacific Council on International Policy and has served on various boards such as the Brookings Institute Asia Policy Board, the Center for Strategic and International Studies Pacific Forum, the Asia Society in New York and the National Bureau of Asian Research. Huntsman is a graduate of the University of Pennsylvania and has six honorary doctorate degrees.
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William Maley Editor/Reporter - CheersandGears.com February 9, 2012 Next year, Daimler will close the door on their ultra luxury brand, Maybach. The brand which has existed for seven years, only sold about 3,000 vehicles. Now, Car reports that each of those 3,000 vehicles cost Daimler somewhere around $500,000. Even though the base 57 cost around $370,000, Maybach couldn't quite make up the astronomical $1.33 billion Daimler put in it since its (re)inception. Last year, rumors flowed around a deal between Daimler and Aston Martin that would have resulted in a range of new models, but the deal fell through and Maybach is being shown the door. Mercedes-Benz will introduce a new range of ultra-luxury sedans based on the S-Class within a few years. Let's hope they have learned from their mistakes. Source: Car Magazine View full article
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How Much Money Did Mercedes-Benz Lose On Each Maybach?
William Maley posted an article in Mercedes Benz
William Maley Editor/Reporter - CheersandGears.com February 9, 2012 Next year, Daimler will close the door on their ultra luxury brand, Maybach. The brand which has existed for seven years, only sold about 3,000 vehicles. Now, Car reports that each of those 3,000 vehicles cost Daimler somewhere around $500,000. Even though the base 57 cost around $370,000, Maybach couldn't quite make up the astronomical $1.33 billion Daimler put in it since its (re)inception. Last year, rumors flowed around a deal between Daimler and Aston Martin that would have resulted in a range of new models, but the deal fell through and Maybach is being shown the door. Mercedes-Benz will introduce a new range of ultra-luxury sedans based on the S-Class within a few years. Let's hope they have learned from their mistakes. Source: Car Magazine -
William Maley Editor/Reporter - CheersandGears.com February 9, 2012 The Volkswagen BlueSport roadster, the on and off vehicle could be back on. EVO Magazine spoke with with Uli Hackenberg, the head of engineering with Volkswagen. Hackenberg said he’s been frustrated by the low sales predictions. “dealers are always looking backwards, not forwards… this is particularly the case when a new model is being considered as they don’t have any reference point to guide them, so they look around at the current market and give an estimate based on that,” Hackenberg said. Hakenberg said that the rise of vehicles like the Toyota GT 86 (Scion FR-S) and Subaru BRZ, alongside the upcoming next-generation Mazda MX-5 shows buyers could be putting money down to buy one. Also, the U.S. dollar is beginning to regain its strength, meaning European vehicles start to look even more competitive. As a result, Volkswagen is asking their dealers again to gauge demand for a mid-engine convertible. The BlueSport will need to see estimates of at least 50,000 units worldwide in order to get the go-ahead from corporate. Even if it gets the green light, it will take three years for it to appear in the market. Source: EVO Magazine Related: Volkswagen BlueSport’s Future Is In Trouble Porsche’s Sub-Boxster May Not See The Light Of Day View full article
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William Maley Editor/Reporter - CheersandGears.com February 9, 2012 The Volkswagen BlueSport roadster, the on and off vehicle could be back on. EVO Magazine spoke with with Uli Hackenberg, the head of engineering with Volkswagen. Hackenberg said he’s been frustrated by the low sales predictions. “dealers are always looking backwards, not forwards… this is particularly the case when a new model is being considered as they don’t have any reference point to guide them, so they look around at the current market and give an estimate based on that,” Hackenberg said. Hakenberg said that the rise of vehicles like the Toyota GT 86 (Scion FR-S) and Subaru BRZ, alongside the upcoming next-generation Mazda MX-5 shows buyers could be putting money down to buy one. Also, the U.S. dollar is beginning to regain its strength, meaning European vehicles start to look even more competitive. As a result, Volkswagen is asking their dealers again to gauge demand for a mid-engine convertible. The BlueSport will need to see estimates of at least 50,000 units worldwide in order to get the go-ahead from corporate. Even if it gets the green light, it will take three years for it to appear in the market. Source: EVO Magazine Related: Volkswagen BlueSport’s Future Is In Trouble Porsche’s Sub-Boxster May Not See The Light Of Day
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From the album: Nissan NV200 Cargo Van
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From the album: Nissan NV200 Cargo Van
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From the album: Nissan NV200 Cargo Van
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From the album: Nissan NV200 Cargo Van
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From the album: Nissan NV200 Cargo Van
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William Maley Editor/Reporter - CheersandGears.com February 8, 2012 If you wanted a compact cargo van, your only choice was the the Ford Transit Connect. Now, Nissan introduced their competitor, the NV200 at Chicago. We've seen the NV200 in its passenger form as the new New York City taxi, and the cargo van is the same; minus the yellow paint and rear windows. Power will come from a 2.0L, four-cylinder engine mated to a continuously variable transmission. Nissan isn't revealing power figures of the NV200. The NV200's cargo space is estimated to hold 123 cubic feet and can carry up to 1500 lbs. The cargo space can be accessed by sliding doors on either side and 60/40 split rear doors. Two models will be available; the base S comes with power windows, 12V power outlets, audio auxiliary inputs, and a “mobile office”-style center console. The SV adds power door locks, power heated outside mirrors, remote keyless entry, cruise control, and steering wheel-mounted audio controls. Options include Bluetooth, an Appearance Package, and a Technology Package, which includes navigation and a rear back-up camera. The NV200 goes on sale in 2013. Press Release is on Page 2 Nissan NV200 Compact Cargo Van Offers Efficient Packaging with a Large Cargo Space Within a Small Footprint – Latest Addition to the Nissan Commercial Vehicle Lineup Combines Innovative Ease-of-Use and Smart Design While Minimizing Cost of Ownership – CHICAGO - The all-new Nissan NV200 Compact Cargo Van, which makes its North American debut at the 2012 Chicago Auto Show, is set to join the growing lineup of Nissan Commercial Vehicles in early 2013 at 300 Nissan Commercial Vehicle dealerships nationwide. The NV200 follows the full-size Nissan NV Cargo, introduced in spring 2011, and the recently announced full-size Nissan NV Passenger that goes on sale this spring. The Nissan NV200 provides a new entry point for current cargo van and small pickup buyers looking for a compact, efficient alternative to their larger, less fuel-efficient vehicles. “There is an increasing need for a ‘right-sized’ van that optimizes cargo space while offering the best possible fuel economy and an affordable price – the exact sweet spots of the innovative new Nissan NV200,” said Joe Castelli, vice president, Nissan Commercial Vehicles and Fleet. “Businesses today, both large and small, are also looking for vehicles that represent their brands in the best light – smart, innovative, and professional. NV200 does that and much more.” While new to North America, the Nissan NV200 compact van is already in use in more than 40 countries around the world, receiving acclaim from both users and media alike for its optimal functionality and smart design. It won the 2010 International Van of the Year award in Europe, the 2010 Commercial Delivery Van (CDV) of the Year in China, and the 2011 Universal Design Award from Universal Design GMbH, a German organization dedicated to promoting the convergence of design and the emerging importance of customer needs. NV200 has also established a presence as the strong segment leader in Japan with a wide-ranging lineup that includes a taxi version. “Our global success provides a great foundation for the North American version, which we know will become an essential tool for business,” added Castelli. High Volume in a Small Footprint, Exceptional Ease of Use As the next “innovation for business,” NV200 offers a large cargo capacity of 123 cubic feet (estimated using SAE J1100 rev 2009) with a small exterior footprint. Unique for North America, the NV200 body has been extended 7.9 inches (200 mm) versus the models sold in other global markets. This longer body length offers additional cargo carrying capability for North American customers. Measuring just 186.2 inches in overall length, on a 115.2-inch wheelbase, NV200 is highly maneuverable in traffic and negotiating city parking spaces. Yet it allows for a 1,500-pound (estimated) maximum payload. The cargo area dimension between the efficiently designed wheelhouses allows for loading standard U.S. 40x48-inch pallets. Added utility is provided by the standard integrated mounting points, which allow installation of racks and shelves without drilling into the sidewalls, and six available floor mounted cargo hooks in the cargo area. NV200’s exterior design features a Nissan signature front grille, aerodynamic front end design, and functional cabin design. The large body side includes low-effort dual sliding side doors and large areas for business signage and graphics. In the rear, NV200 features tall 40/60 split opening doors with dual opening positions (90 and 180 degrees). The low floor height and tall interior cargo height aid easy loading and unloading. Other exterior features include halogen headlights, durable black front and rear bumpers, and outside mirrors with wide-angle spotter mirrors and available heated function. “In many ways, choosing a new work van is like finding a new business partner. Beyond the basic necessities, it must instill trust that it can always get the job done – and that you are comfortable with for many years,” said Castelli. “In that regard, along with the innovative cargo area features, NV200’s interior is designed to offer comfort and convenience day in and day out.” The driver-focused cockpit includes both comfort and functional features. The driver’s seat is 6-way adjustable with manual lumbar and armrest and is designed for durability with outboard vinyl wear patches. NV200 offers “Mobile Office” functionality with a center console featuring laptop/hanging file folder storage, pen/pencil tray, CD holder, and dual cupholders. Recessed storage areas are provided on the upper instrument panel for folders and documents. In addition the passenger seat folds down to serve as a worktop or extends the cargo space for hauling longer items. Power windows with auto up/down are standard. A 12-volt power outlet on the instrument panel is standard, along with an available 12-volt power point in rear of center console. There is also a passenger-side underseat storage tray, drive computer, battery saver feature, AM/FM/CD with auxiliary input and two front door mounted speakers. Available technology includes a Nissan Navigation System, Bluetooth® wireless communications, XM® Satellite Radio (XM® subscription required, sold separately), RearView Monitor, and telematics pre-wiring (Nissan Fleet Tracker). Standard safety features include the Nissan Advanced Air Bag System (AABS), roof-mounted curtain side impact supplemental air bags for front occupant head protection, front seat mounted driver and passenger side impact supplemental air bags, Vehicle Dynamic Control (VDC), and Tire Pressure Monitoring System (TPMS). Efficiency and Affordability The 2013 Nissan NV200 is built on Nissan’s proven compact commercial platform and features an efficient 2.0-liter 16-valve DOHC 4-cylinder engine. The engine is matched with a responsive and efficient Xtronic CVT® transmission. The suspension utilizes independent struts and stabilizer bar in front and a leaf spring design in the rear. Front disc/rear drum brakes with Anti-Lock Braking System (ABS) and Electronic Brake force Distribution (EBD) are standard, along with electric power-assisted steering and 15-inch steel wheels mounted with 185/60R15 high-load all-season tires. “The Nissan NV200 is designed as a durable work tool, with features such as the seating wear patches, low-effort sliding side doors and wide-opening rear doors,” adds Castelli. “And since we fully understand how vans like this are used in business, it’s also a very pleasant vehicle to drive and use as a mobile office.” One other key element of NV200, built in from the earliest planning, is low total cost of ownership. The 2013 Nissan NV200 will have a competitive price, excellent fuel efficiency, and reduced upfitting costs (due to the standard integrated mounting points), all of which will provide business owners with a low total cost of ownership. Two Well-Equipped Models Two well-equipped models are available, Nissan NV200 S and Nissan NV200 SV in a choice of five exterior colors, matched with a gray cloth interior. In addition to the long list of standard features on the NV200 S, the SV model adds power heated outside mirrors, power door locks with auto-locking feature, remote keyless entry with two key fobs, cruise control with steering wheel-mounted controls, rear cargo floor mat, additional 12V power point in the rear of the center console, six floor-mounted cargo hooks in the cargo area, and full wheel covers. Several option packages will be available, including rear door glass; an Exterior Appearance Package with body-color bumpers, door handles and outside mirrors and chrome grille; Bluetooth® Hands-free Phone System; and a Technology Package with Nissan Navigation System, RearView Monitor and XM® Satellite Radio (XM® subscription required, sold separately). The new Nissan NV200 will be manufactured in Cuernavaca, Mexico and available through a select network of certified Nissan Commercial Vehicle dealers nationwide. View full article