Luca di Montezemolo, President of Ferrari SpA, has admitted to missing the days when he was working with F1 legend Michael Schumacher. The famous race-car driver, who won seven world championships for the alleged Italian automaker, stayed with the team as a consultant after retiring from Formula 1 back in 2006. Luca di Montezemolo said the two had had beautiful...
Audi has been hard at work trying to push forward the launch of the A1 as soon as possible so it can have a competitor to the BMW Megacity vehicle, which will go on sale in 2013 so to this respect they have pushed the launch of the A2 forward by two years. Since it was originally planned for 2014...
Ford Motor Company’s executive chairman William Clay Ford Jr. announced this week to shareholders that dividend payments would not be made until the automaker pays down more of its debt. During the same statement he also mentioned that shareholders don't have any right to complain, considering the soar in stock value and the fact that this year ended a 15-year...
Ford Motor Company's annual shareholders meeting hosted a very positive speech on the behalf of the company CEO, Alan Mulally. Mulally stated that Ford will have a "solidly" profitable result coming out of 2010 and that 2011 will bring along a “continuing improvement”. If I were a Ford shareholder I'd be feeling pretty good about myself, if I were an...
This announcement came as a total surprise and will make the main subject of a special press conference this afternoon. This isn't all, Luca Cordero di Montezemolo will resign from his position at Fiat SpA but will remain chairman of Ferrari. After Luca Cordero di Montezemolo will have signed off his position at Fiat he will most likely be replaced...
