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There appear to be two takes on Daimler CEO Dieter Zetsche having his contract extended for three more years, to 2016. A report in The Detroit News quotes the chairman of Daimler's supervisory board, Manfred Bischoff, talking up the stability at the top, "With today's extensions of the contracts ...

Reuters reports that Stefan Jacoby, CEO of Volvo, has suffered a mild stroke. It happened last week, and although Jacoby says he has limited movement in the extremities on his right side, he says he's already begun improving. Jacoby, 54, is "under medical supervision" and will be on sick leave ...

Volvo CEO Stefan Jacoby has said his company's products are "too complicated for the consumer," according to Automotive News. Jacoby said 75 per cent of Volvo customers don't know "all the possibilities they have with their car." He contrasted the automaker with Apple's intuitive products, which ...

We've already heard word that Volkswagen may be considering a new Alltrack version of its Jetta for the North American Market, but TheDetroitBureau.com reports the automaker is also looking at other high-riding options. Jonathan Browning, Volkswagen Group of America CEO, says a new mid-sized SUV ...

The Ford Motor Company and the automotive industry as a whole are mourning the loss today of Harold "Red" Poling, who passed away on May 12 in Pacific Grove, California, at the age of 86. A native of the state of Michigan, Poling was a navy veteran and a graduate of Indiana University, where he ...

Tom LaSorda, former Chrysler CEO and current Fisker vice chairman, has been named CEO of Fisker Automotive Group. LaSorda takes the reins from the company's namesake, Henrik Fisker, and will continue to help manage the up-start automaker with the help of former BMW, Ford and General Motors board ...

How do you replace the man credited by Time Magazine with managing "the biggest business turnaround of the Great Recession?" That's a very good question, and one that the Ford board of directors is grappling with as company CEO Alan Mulally edges closer to retirement age. At 66, Mulally isn't ...

Late on Friday, Tata Motors announced its group chief executive officer, Carl-Peter Forster, resigned with immediate effect, only 18 months after joining the company. Tata, India's leading maker of trucks and buses, and owner of Jaguar and Land Rover, says Forster resigned due to "unavoidable ...

Fiat has been in a big, fat hurry to increase its stake in Chrysler, as the Italian automaker has managed to increase ownership from 20 per cent to 30 per cent so far this year. A report out of Automotive News Europe (via Italian newspaper Corriere della Sera) shows that the stakes may raise once ...