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Found 18 results

  1. Tetsuro Aikawa, Mitsubishi Motors' president and COO will be stepping down from the company next month. In a statement released by the company, Aikawa will resign on June 24th, the same date of Mitsubishi's annual shareholders meeting. Ryugo Nakao, the executive vice president for quality and product strategy will also be stepping down at the same time. Automotive News reports that Akiawa stepped down for two key reasons. The first was that he was the director of the r&d division that inflated the fuel economy test figures. The second is to give a clean slate for the new development chief, that will likely be installed by Nissan as part of the two companies' new alliance. “For causing trouble and worry first and foremost to our customers and to all involved, I take responsibility,” said Akiawa. During a press conference today, CEO Osamu Masuko said he would handle the duties of both people for the time being until replacements are found. Source: Automotive News (Subscription Required), Mitsubishi Motors Press Release is on Page 2 Personnel Changes (Resignation) of Members of the Board Tokyo, May 18, 2016 - Mitsubishi Motors Corporation (MMC) announced resignation of members of the board as follows: 1. Member of the Board who will resign Tetsuro Aikawa President and COO, Representative Director Ryugo Nakao Executive Vice President, Representative Director 2. Reason for resignations As our announcement today on the Report to the Ministry of Land, Infrastructure, Transport and Tourism concerning improper conduct in fuel consumption testing of vehicles manufactured by MMC shows, MMC has caused tremendous trouble and concern to our customers and all of our stakeholders. Considering this, Mr. Aikawa and Mr. Nakao decided today that they will resign as Representative Directors as of June 24, 2016. 3. Date of resignation June 24 (the day of MMC's ordinary shareholders meeting) We will decide on the successors of both Representative Directors at our board of directors' meeting and make an announcement promptly View full article
  2. William Maley

    Mitsubishi Motors' President Resigns

    Tetsuro Aikawa, Mitsubishi Motors' president and COO will be stepping down from the company next month. In a statement released by the company, Aikawa will resign on June 24th, the same date of Mitsubishi's annual shareholders meeting. Ryugo Nakao, the executive vice president for quality and product strategy will also be stepping down at the same time. Automotive News reports that Akiawa stepped down for two key reasons. The first was that he was the director of the r&d division that inflated the fuel economy test figures. The second is to give a clean slate for the new development chief, that will likely be installed by Nissan as part of the two companies' new alliance. “For causing trouble and worry first and foremost to our customers and to all involved, I take responsibility,” said Akiawa. During a press conference today, CEO Osamu Masuko said he would handle the duties of both people for the time being until replacements are found. Source: Automotive News (Subscription Required), Mitsubishi Motors Press Release is on Page 2 Personnel Changes (Resignation) of Members of the Board Tokyo, May 18, 2016 - Mitsubishi Motors Corporation (MMC) announced resignation of members of the board as follows: 1. Member of the Board who will resign Tetsuro Aikawa President and COO, Representative Director Ryugo Nakao Executive Vice President, Representative Director 2. Reason for resignations As our announcement today on the Report to the Ministry of Land, Infrastructure, Transport and Tourism concerning improper conduct in fuel consumption testing of vehicles manufactured by MMC shows, MMC has caused tremendous trouble and concern to our customers and all of our stakeholders. Considering this, Mr. Aikawa and Mr. Nakao decided today that they will resign as Representative Directors as of June 24, 2016. 3. Date of resignation June 24 (the day of MMC's ordinary shareholders meeting) We will decide on the successors of both Representative Directors at our board of directors' meeting and make an announcement promptly
  3. Dr. Ulrich Hackenberg, head of Audi's r&d has stepped down today. Hackenberg has been a key presence at Audi and the Volkswagen group since he joined in 1985. He has played a major role in a number of projects including the first-generation Audi TT, Volkswagen XL1, and the MQB modular platform. In 2013, he was named the head of Audi's r&d division. Hackenberg made headlines back in September as he and two other r&d heads at Volkswagen - Porsche's Wolfgang Hatz and Volkswagen's Heinz-Jakob Neusser - were suspended for possible involvement in the diesel scandal. “In the 30 years that he was active in the Volkswagen Group, Ulrich Hackenberg was involved in crucial strategies and model decisions. The highly flexible modular system resulted in flexible modular production. Both systems helped us to produce very efficiently and with high quality. Numerous car models from Audi, Volkswagen and Bentley were significantly affected by his commitment and expertise. On behalf of the entire Board of Management, I thank him for his many years of commitment and his professional passion,” said Audi’s Board of Management Chairman Rupert Stadler. Hackenberg's successor is Stephan Knirsch, currently the head of engine development at Audi. Source: Audi Press Release is on Page 2 Dr. Ulrich Hackenberg has reached a mutual agreement with the Supervisory Board of AUDI AG to step down as Member of the Board of Management for Technical Development. The new Chairman of the Audi Supervisory Board, Matthias Müller, praised Hackenberg’s significant impact on the Technical Development divisions of the entire Volkswagen Group: “Above all, the modular toolkit system is inseparably connected with the name of Ulrich Hackenberg. He had that idea already in the early nineties at Audi. Today, the entire Group profits from it.” Audi’s Board of Management Chairman Rupert Stadler underscored his lifetime achievements: “In the 30 years that he was active in the Volkswagen Group, Ulrich Hackenberg was involved in crucial strategies and model decisions. The highly flexible modular system resulted in flexible modular production. Both systems helped us to produce very efficiently and with high quality. Numerous car models from Audi, Volkswagen and Bentley were significantly affected by his commitment and expertise. On behalf of the entire Board of Management, I thank him for his many years of commitment and his professional passion.” After graduating in mechanical engineering at Aachen RWTH University, Ulrich Hackenberg was employed as an assistant at the Institute for Motor Transport from 1978 until 1985. Amongst other positions there, he was the head of research into vehicle dynamics, developed lectures in motorcycle technology and gained a doctorate in 1985 on the stability properties of the “rider-motorcycle-road” system. Hackenberg moved to Audi in 1985, where he took over the position of Head of Concept Development in 1989 and later led the technical project management for the entire product range. That included the Audi 80, A2, A3, A4, A6, A8 and TT models as well as numerous concept studies and show cars, the technical conception of the modular toolkit strategy and the development of a simultaneous-engineering structure. He was active in the Volkswagen Group from 1998 until 2002. There, he was head of the Body Development department and additionally responsible as of late 1998 for Concept Development. From 2002 until January 2007, Hackenberg once again worked for AUDI AG and was in charge of the Concept Development, Body Development, Electrics and Electronics departments. During that time, he developed the “modular longitudinal toolkit.” On February 1,2007, he became Member of Volkswagen’s Brand Board of Management with responsibility for the Technical Development division. He pushed forward with the further development and complete renewal of the Volkswagen product range and the development of the modular transverse toolkit. Further highlights were the XL1, the first series-produced “one‑liter car”, and the entry of the Volkswagen Brand into motorsport. As of July 1, 2013, he was the Board of Management Member for Technical Development of AUDI AG. In addition, he was responsible for coordinating the development of all the brands of the Volkswagen Group.
  4. Dr. Ulrich Hackenberg, head of Audi's r&d has stepped down today. Hackenberg has been a key presence at Audi and the Volkswagen group since he joined in 1985. He has played a major role in a number of projects including the first-generation Audi TT, Volkswagen XL1, and the MQB modular platform. In 2013, he was named the head of Audi's r&d division. Hackenberg made headlines back in September as he and two other r&d heads at Volkswagen - Porsche's Wolfgang Hatz and Volkswagen's Heinz-Jakob Neusser - were suspended for possible involvement in the diesel scandal. “In the 30 years that he was active in the Volkswagen Group, Ulrich Hackenberg was involved in crucial strategies and model decisions. The highly flexible modular system resulted in flexible modular production. Both systems helped us to produce very efficiently and with high quality. Numerous car models from Audi, Volkswagen and Bentley were significantly affected by his commitment and expertise. On behalf of the entire Board of Management, I thank him for his many years of commitment and his professional passion,” said Audi’s Board of Management Chairman Rupert Stadler. Hackenberg's successor is Stephan Knirsch, currently the head of engine development at Audi. Source: Audi Press Release is on Page 2 Dr. Ulrich Hackenberg has reached a mutual agreement with the Supervisory Board of AUDI AG to step down as Member of the Board of Management for Technical Development. The new Chairman of the Audi Supervisory Board, Matthias Müller, praised Hackenberg’s significant impact on the Technical Development divisions of the entire Volkswagen Group: “Above all, the modular toolkit system is inseparably connected with the name of Ulrich Hackenberg. He had that idea already in the early nineties at Audi. Today, the entire Group profits from it.” Audi’s Board of Management Chairman Rupert Stadler underscored his lifetime achievements: “In the 30 years that he was active in the Volkswagen Group, Ulrich Hackenberg was involved in crucial strategies and model decisions. The highly flexible modular system resulted in flexible modular production. Both systems helped us to produce very efficiently and with high quality. Numerous car models from Audi, Volkswagen and Bentley were significantly affected by his commitment and expertise. On behalf of the entire Board of Management, I thank him for his many years of commitment and his professional passion.” After graduating in mechanical engineering at Aachen RWTH University, Ulrich Hackenberg was employed as an assistant at the Institute for Motor Transport from 1978 until 1985. Amongst other positions there, he was the head of research into vehicle dynamics, developed lectures in motorcycle technology and gained a doctorate in 1985 on the stability properties of the “rider-motorcycle-road” system. Hackenberg moved to Audi in 1985, where he took over the position of Head of Concept Development in 1989 and later led the technical project management for the entire product range. That included the Audi 80, A2, A3, A4, A6, A8 and TT models as well as numerous concept studies and show cars, the technical conception of the modular toolkit strategy and the development of a simultaneous-engineering structure. He was active in the Volkswagen Group from 1998 until 2002. There, he was head of the Body Development department and additionally responsible as of late 1998 for Concept Development. From 2002 until January 2007, Hackenberg once again worked for AUDI AG and was in charge of the Concept Development, Body Development, Electrics and Electronics departments. During that time, he developed the “modular longitudinal toolkit.” On February 1,2007, he became Member of Volkswagen’s Brand Board of Management with responsibility for the Technical Development division. He pushed forward with the further development and complete renewal of the Volkswagen product range and the development of the modular transverse toolkit. Further highlights were the XL1, the first series-produced “one‑liter car”, and the entry of the Volkswagen Brand into motorsport. As of July 1, 2013, he was the Board of Management Member for Technical Development of AUDI AG. In addition, he was responsible for coordinating the development of all the brands of the Volkswagen Group. View full article
  5. Its now official. This morning, Ford announced that current CEO Alan Mulally will step down on July 1st and that Mark Fields, Ford's Chief Operating Officer will take his place. Originally Mulally planned to stay as CEO through the end of 2014, but changed his mind after he decided the new leadership team would be ready for the challenge. “From the first day we discussed Ford’s transformation eight years ago, Alan and I agreed that developing the next generation of leaders and ensuring an orderly CEO succession were among our highest priorities. Mark has transformed several of our operations around the world into much stronger businesses during his 25 years at Ford. Now, Mark is ready to lead our company into the future as CEO,” said Ford Executive Chairman Bill Ford. Mulally leaves quite the legacy at Ford. During his eight year tenure as CEO, Mulally changed the corporate culture from one that was very divisive to one that focused on teamwork, instituted the One Ford plan, and took a big gamble by mortgaging everything at the company to perform a huge transformation of the company. Moves like these helped the company develop one of their strongest lineups to date and reporting reported 19 consecutive quarters of profitability. “It has been an honor to serve and contribute to creating a viable, profitably growing company for the good of everyone associated with the Ford Motor Company. By working together with all of our stakeholders around the world, we now are accelerating Henry Ford’s original vision to open the highways to all mankind" said Mulally. "Ford’s future is so bright, and Mark – supported by an experienced and dedicated senior leadership team – is absolutely the right leader to continue to deliver on our compelling vision." “It is a true honor to lead this great company and this talented team into the future. Under Alan’s leadership, we have seen the power of One Ford and what a culture of positive leadership and working together can accomplish. My commitment is to build on that success by accelerating our pace of progress. All of us at Ford are committed to delivering even more of the great products and innovations that will deliver growth and define our company going forward,” said Fields. Source: Ford William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.comor you can follow him on twitter at @realmudmonster. Press Release is on Page 2 MAY 1, 2014 | DEARBORN FORD ANNOUNCES ALAN MULALLY RETIRING ON JULY 1; MARK FIELDS NAMED COMPANY PRESIDENT AND CEO Alan Mulally to retire from Ford on July 1, after serving as president and CEO and leading the company’s One Ford global transformation since September 2006 Mark Fields named Ford president and CEO, effective July 1; Fields served as COO since December 2012 and led Ford’s transformation in North America since 2005 Long-planned, seamless CEO transition underscores strength of Ford’s leadership team and succession planning process, Executive Chairman Bill Ford says Ford Motor Company [NYSE: F] announced today that Alan Mulally has decided to retire from the company July 1 and Mark Fields will be named Ford president and chief executive officer and elected as a member of the company’s board of directors. “From the first day we discussed Ford’s transformation eight years ago, Alan and I agreed that developing the next generation of leaders and ensuring an orderly CEO succession were among our highest priorities,” Executive Chairman Bill Ford said. “Mark has transformed several of our operations around the world into much stronger businesses during his 25 years at Ford. Now, Mark is ready to lead our company into the future as CEO.” Mulally, 68, is retiring after nearly eight years leading Ford and capping a remarkable 45-year career. Mulally has led Ford’s transformation and strengthened its position as one of the world’s leading global automakers. Under Mulally and the company’s One Ford plan for profitable growth, Ford has achieved 19 consecutive quarters of profitability, developed the strongest product lineup in Ford’s history and embarked upon the company’s most ambitious global expansion in the past half century. “Alan deservedly will be long remembered for engineering one of the most successful business turnarounds in history,” Bill Ford said. “Under Alan’s leadership, Ford not only survived the global economic crisis, it emerged as one of the world’s strongest auto companies. We always will be grateful to Alan for his leadership, compelling vision and for fostering a culture of working together that will serve our company for decades to come.” The transition in July is approximately six months earlier than previously anticipated, following Mulally’s recommendation to accelerate the timetable based on the readiness of Ford’s leadership team. “Alan and I feel strongly that Mark and the entire leadership team are absolutely ready to lead Ford forward, and now is the time to begin the transition,” said Bill Ford, who recruited Mulally from Boeing in 2006. Fields, 53, was named Ford’s chief operating officer in December 2012. He has been leading all of Ford’s global business operations and most skill teams, including product development, manufacturing, purchasing, and marketing, sales and service. Fields’ role as COO has included leading the company’s weekly Business Plan Review meeting, which Mulally established to track the progress of the One Ford plan and to monitor the global business and competitive environment. The Thursday meetings are credited with driving a reliable and transparent process for running Ford’s global operations and enabling Ford’s senior leadership to work closely together and act decisively on its plan. Before serving as COO, Fields served as executive vice president and president – The Americas since October 2005. There, he led the transformation of Ford’s North American business – turning it from record losses several years ago to record profits in each of the last four years. Earlier, Fields guided the product-led transformation of Ford’s European operations and formerly held European luxury brands, as well as the relaunch of Ford’s independent operations in Argentina and a major restructuring and product renaissance at Mazda. Mulally thanked the Ford team for their many contributions and accomplishments. “It has been an honor to serve and contribute to creating a viable, profitably growing company for the good of everyone associated with the Ford Motor Company,” Mulally said. “By working together with all of our stakeholders around the world, we now are accelerating Henry Ford’s original vision to open the highways to all mankind. “Ford’s future is so bright, and Mark – supported by an experienced and dedicated senior leadership team – is absolutely the right leader to continue to deliver on our compelling vision,” Mulally added. Fields underscored his commitment to the One Ford plan, including building on the company’s unprecedented global introduction of new products, innovations and excellence. “It is a true honor to lead this great company and this talented team into the future,” Fields said. “Under Alan’s leadership, we have seen the power of One Ford and what a culture of positive leadership and working together can accomplish. My commitment is to build on that success by accelerating our pace of progress. All of us at Ford are committed to delivering even more of the great products and innovations that will deliver growth and define our company going forward.”
  6. Its now official. This morning, Ford announced that current CEO Alan Mulally will step down on July 1st and that Mark Fields, Ford's Chief Operating Officer will take his place. Originally Mulally planned to stay as CEO through the end of 2014, but changed his mind after he decided the new leadership team would be ready for the challenge. “From the first day we discussed Ford’s transformation eight years ago, Alan and I agreed that developing the next generation of leaders and ensuring an orderly CEO succession were among our highest priorities. Mark has transformed several of our operations around the world into much stronger businesses during his 25 years at Ford. Now, Mark is ready to lead our company into the future as CEO,” said Ford Executive Chairman Bill Ford. Mulally leaves quite the legacy at Ford. During his eight year tenure as CEO, Mulally changed the corporate culture from one that was very divisive to one that focused on teamwork, instituted the One Ford plan, and took a big gamble by mortgaging everything at the company to perform a huge transformation of the company. Moves like these helped the company develop one of their strongest lineups to date and reporting reported 19 consecutive quarters of profitability. “It has been an honor to serve and contribute to creating a viable, profitably growing company for the good of everyone associated with the Ford Motor Company. By working together with all of our stakeholders around the world, we now are accelerating Henry Ford’s original vision to open the highways to all mankind" said Mulally. "Ford’s future is so bright, and Mark – supported by an experienced and dedicated senior leadership team – is absolutely the right leader to continue to deliver on our compelling vision." “It is a true honor to lead this great company and this talented team into the future. Under Alan’s leadership, we have seen the power of One Ford and what a culture of positive leadership and working together can accomplish. My commitment is to build on that success by accelerating our pace of progress. All of us at Ford are committed to delivering even more of the great products and innovations that will deliver growth and define our company going forward,” said Fields. Source: Ford William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.comor you can follow him on twitter at @realmudmonster. Press Release is on Page 2 MAY 1, 2014 | DEARBORN FORD ANNOUNCES ALAN MULALLY RETIRING ON JULY 1; MARK FIELDS NAMED COMPANY PRESIDENT AND CEO Alan Mulally to retire from Ford on July 1, after serving as president and CEO and leading the company’s One Ford global transformation since September 2006 Mark Fields named Ford president and CEO, effective July 1; Fields served as COO since December 2012 and led Ford’s transformation in North America since 2005 Long-planned, seamless CEO transition underscores strength of Ford’s leadership team and succession planning process, Executive Chairman Bill Ford says Ford Motor Company [NYSE: F] announced today that Alan Mulally has decided to retire from the company July 1 and Mark Fields will be named Ford president and chief executive officer and elected as a member of the company’s board of directors. “From the first day we discussed Ford’s transformation eight years ago, Alan and I agreed that developing the next generation of leaders and ensuring an orderly CEO succession were among our highest priorities,” Executive Chairman Bill Ford said. “Mark has transformed several of our operations around the world into much stronger businesses during his 25 years at Ford. Now, Mark is ready to lead our company into the future as CEO.” Mulally, 68, is retiring after nearly eight years leading Ford and capping a remarkable 45-year career. Mulally has led Ford’s transformation and strengthened its position as one of the world’s leading global automakers. Under Mulally and the company’s One Ford plan for profitable growth, Ford has achieved 19 consecutive quarters of profitability, developed the strongest product lineup in Ford’s history and embarked upon the company’s most ambitious global expansion in the past half century. “Alan deservedly will be long remembered for engineering one of the most successful business turnarounds in history,” Bill Ford said. “Under Alan’s leadership, Ford not only survived the global economic crisis, it emerged as one of the world’s strongest auto companies. We always will be grateful to Alan for his leadership, compelling vision and for fostering a culture of working together that will serve our company for decades to come.” The transition in July is approximately six months earlier than previously anticipated, following Mulally’s recommendation to accelerate the timetable based on the readiness of Ford’s leadership team. “Alan and I feel strongly that Mark and the entire leadership team are absolutely ready to lead Ford forward, and now is the time to begin the transition,” said Bill Ford, who recruited Mulally from Boeing in 2006. Fields, 53, was named Ford’s chief operating officer in December 2012. He has been leading all of Ford’s global business operations and most skill teams, including product development, manufacturing, purchasing, and marketing, sales and service. Fields’ role as COO has included leading the company’s weekly Business Plan Review meeting, which Mulally established to track the progress of the One Ford plan and to monitor the global business and competitive environment. The Thursday meetings are credited with driving a reliable and transparent process for running Ford’s global operations and enabling Ford’s senior leadership to work closely together and act decisively on its plan. Before serving as COO, Fields served as executive vice president and president – The Americas since October 2005. There, he led the transformation of Ford’s North American business – turning it from record losses several years ago to record profits in each of the last four years. Earlier, Fields guided the product-led transformation of Ford’s European operations and formerly held European luxury brands, as well as the relaunch of Ford’s independent operations in Argentina and a major restructuring and product renaissance at Mazda. Mulally thanked the Ford team for their many contributions and accomplishments. “It has been an honor to serve and contribute to creating a viable, profitably growing company for the good of everyone associated with the Ford Motor Company,” Mulally said. “By working together with all of our stakeholders around the world, we now are accelerating Henry Ford’s original vision to open the highways to all mankind. “Ford’s future is so bright, and Mark – supported by an experienced and dedicated senior leadership team – is absolutely the right leader to continue to deliver on our compelling vision,” Mulally added. Fields underscored his commitment to the One Ford plan, including building on the company’s unprecedented global introduction of new products, innovations and excellence. “It is a true honor to lead this great company and this talented team into the future,” Fields said. “Under Alan’s leadership, we have seen the power of One Ford and what a culture of positive leadership and working together can accomplish. My commitment is to build on that success by accelerating our pace of progress. All of us at Ford are committed to delivering even more of the great products and innovations that will deliver growth and define our company going forward.” View full article
  7. Some very surprising news coming out Hyundai this afternoon. The automaker announced that president and CEO John Krafcik will be stepping down from his position January 1st, at the completion of his contract. "On behalf of Hyundai Motor Company, we sincerely thank John for his visionary leadership and relentless pursuit of customer satisfaction, which has driven Hyundai's record growth over the past five years," said Im Tak Uk, the COO and executive vice president of HMA's parent company, Hyundai Motor Company. Krafcik's five-year tenure as Hyundai Motor America's CEO saw the company grow from a budget brand to one that is compared with the likes of Honda, Ford, Chevrolet, Nissan, and Toyota. Hyundai also saw its sales and market share grow dramatically. “It’s been a sincere privilege and honor to lead Hyundai Motor America over the past five years, and I am confident that with Dave’s succession, our brand will continue to expand and thrive for years to come. We have many of the best and brightest employees in the business coupled with a committed and talented dealer network that will continue to pay dividends,” said Krafcik. Taking Krafcik's place as CEO is David Zuchowski, executive vice president of Sales for Hyundai. Previously, Zuchowski worked for Ford and Mazda. "I am both humbled and excited to lead Hyundai Motor America into the next chapter by continuing to build on John's great legacy, and focusing on what matters most – building the highest quality, safest and most diverse fleet of models that customers love," said Zuchowski. Source: Hyundai William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.comor you can follow him on twitter at @realmudmonster. Press Release is on Page 2 DAVE ZUCHOWSKI NAMED PRESIDENT/CEO OF HYUNDAI MOTOR AMERICA COSTA MESA, Calif., December 27, 2013 - Hyundai Motor America today announced that President and Chief Executive Officer John Krafcik will step down upon the successful completion of his contract on December 31, 2013. David Zuchowski, executive vice president of Sales, will assume the position of President and CEO effective January 1, 2014. "On behalf of Hyundai Motor Company, we sincerely thank John for his visionary leadership and relentless pursuit of customer satisfaction, which has driven Hyundai's record growth over the past five years," said Im Tak Uk, executive vice president and chief operating officer of Hyundai Motor Company. "John's forward-looking perspective, commitment to quality and design, and pursuit of innovative new product offerings have elevated the Hyundai brand and introduced our vehicles to a new generation of satisfied and loyal customers." Under Krafcik's tenure with the automaker, Hyundai Motor America experienced dramatic increases in sales volume and market share, while garnering numerous prestigious industry awards. During the same time period, the model year 2009 Genesis and 2012 Elantra took top honors as North American Car of the Year, while numerous Hyundai models received the Insurance Institute for Highway Safety's Top Safety Pick designation. "It's been a sincere privilege and honor to lead Hyundai Motor America over the past five years, and I am confident that with Dave's succession, our brand will continue to expand and thrive for years to come," said Krafcik. "We have many of the best and brightest employees in the business coupled with a committed and talented dealer network that will continue to pay dividends." Incoming President and CEO David Zuchowski joined Hyundai Motor America in February 2007 as vice president of Sales with responsibility for all sales, sales operations, market representation, field operations and overall dealer relations. A proven 33-year veteran of the automotive industry, Zuchowski was previously with Mazda North America, where he served as vice president of Sales and Field Operations. Zuchowski began his career in 1980 at Ford Motor Company, where he progressed through various executive-level positions including regional manager, product marketing manager, national merchandising manager and field operations manager for the Ford and Lincoln Mercury divisions. Zuchowski earned his Bachelors of Arts in Communications from the University of Washington. "I am both humbled and excited to lead Hyundai Motor America into the next chapter by continuing to build on John's great legacy, and focusing on what matters most – building the highest quality, safest and most diverse fleet of models that customers love," said Zuchowski. "Dave has consistently distinguished himself as a results-oriented and motivational leader in our industry," said Im. "During his time at Hyundai, Dave has been instrumental in our growth, especially among our dealers. He exhibits a rare combination of passion, intelligence, creativity and diligence, and we are confident that he is the right choice to build on John's momentum and take Hyundai to new and greater heights." View full article
  8. William Maley

    John Krafcik Steps Down As Hyundai CEO

    Some very surprising news coming out Hyundai this afternoon. The automaker announced that president and CEO John Krafcik will be stepping down from his position January 1st, at the completion of his contract. "On behalf of Hyundai Motor Company, we sincerely thank John for his visionary leadership and relentless pursuit of customer satisfaction, which has driven Hyundai's record growth over the past five years," said Im Tak Uk, the COO and executive vice president of HMA's parent company, Hyundai Motor Company. Krafcik's five-year tenure as Hyundai Motor America's CEO saw the company grow from a budget brand to one that is compared with the likes of Honda, Ford, Chevrolet, Nissan, and Toyota. Hyundai also saw its sales and market share grow dramatically. “It’s been a sincere privilege and honor to lead Hyundai Motor America over the past five years, and I am confident that with Dave’s succession, our brand will continue to expand and thrive for years to come. We have many of the best and brightest employees in the business coupled with a committed and talented dealer network that will continue to pay dividends,” said Krafcik. Taking Krafcik's place as CEO is David Zuchowski, executive vice president of Sales for Hyundai. Previously, Zuchowski worked for Ford and Mazda. "I am both humbled and excited to lead Hyundai Motor America into the next chapter by continuing to build on John's great legacy, and focusing on what matters most – building the highest quality, safest and most diverse fleet of models that customers love," said Zuchowski. Source: Hyundai William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.comor you can follow him on twitter at @realmudmonster. Press Release is on Page 2 DAVE ZUCHOWSKI NAMED PRESIDENT/CEO OF HYUNDAI MOTOR AMERICA COSTA MESA, Calif., December 27, 2013 - Hyundai Motor America today announced that President and Chief Executive Officer John Krafcik will step down upon the successful completion of his contract on December 31, 2013. David Zuchowski, executive vice president of Sales, will assume the position of President and CEO effective January 1, 2014. "On behalf of Hyundai Motor Company, we sincerely thank John for his visionary leadership and relentless pursuit of customer satisfaction, which has driven Hyundai's record growth over the past five years," said Im Tak Uk, executive vice president and chief operating officer of Hyundai Motor Company. "John's forward-looking perspective, commitment to quality and design, and pursuit of innovative new product offerings have elevated the Hyundai brand and introduced our vehicles to a new generation of satisfied and loyal customers." Under Krafcik's tenure with the automaker, Hyundai Motor America experienced dramatic increases in sales volume and market share, while garnering numerous prestigious industry awards. During the same time period, the model year 2009 Genesis and 2012 Elantra took top honors as North American Car of the Year, while numerous Hyundai models received the Insurance Institute for Highway Safety's Top Safety Pick designation. "It's been a sincere privilege and honor to lead Hyundai Motor America over the past five years, and I am confident that with Dave's succession, our brand will continue to expand and thrive for years to come," said Krafcik. "We have many of the best and brightest employees in the business coupled with a committed and talented dealer network that will continue to pay dividends." Incoming President and CEO David Zuchowski joined Hyundai Motor America in February 2007 as vice president of Sales with responsibility for all sales, sales operations, market representation, field operations and overall dealer relations. A proven 33-year veteran of the automotive industry, Zuchowski was previously with Mazda North America, where he served as vice president of Sales and Field Operations. Zuchowski began his career in 1980 at Ford Motor Company, where he progressed through various executive-level positions including regional manager, product marketing manager, national merchandising manager and field operations manager for the Ford and Lincoln Mercury divisions. Zuchowski earned his Bachelors of Arts in Communications from the University of Washington. "I am both humbled and excited to lead Hyundai Motor America into the next chapter by continuing to build on John's great legacy, and focusing on what matters most – building the highest quality, safest and most diverse fleet of models that customers love," said Zuchowski. "Dave has consistently distinguished himself as a results-oriented and motivational leader in our industry," said Im. "During his time at Hyundai, Dave has been instrumental in our growth, especially among our dealers. He exhibits a rare combination of passion, intelligence, creativity and diligence, and we are confident that he is the right choice to build on John's momentum and take Hyundai to new and greater heights."
  9. William Maley

    Holden's Managing Director Steps Down

    William Maley Staff Writer - CheersandGears.com October 26, 2013 Some big news coming out of Australia this week. Holden's Managing Director, Mike Devereux announced that he would be stepping down and moving to another position at General Motors at the end of the year. Devereux's new title will be the vice president of International Operations at GM. He will be overseeing GM's operations in a 100 countries, including Australia. “While taking on this expanded role, Mr Devereux will continue to manage the GM Holden team and GM's operations in Australia and New Zealand until the end of the year, at which time a replacement will be named. We will continue our ongoing discussions with the government,” Holden said in a statement. Devereux's announcement comes at a difficult time for Holden as they currently in negotiations with the Australian government for financial assistance. Holden has said previously that it is committed to to manufacturing cars in Australia until at least 2022, but if get assistance from the Australian government. Source: Drive.com.au William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster.
  10. William Maley Staff Writer - CheersandGears.com October 26, 2013 Some big news coming out of Australia this week. Holden's Managing Director, Mike Devereux announced that he would be stepping down and moving to another position at General Motors at the end of the year. Devereux's new title will be the vice president of International Operations at GM. He will be overseeing GM's operations in a 100 countries, including Australia. “While taking on this expanded role, Mr Devereux will continue to manage the GM Holden team and GM's operations in Australia and New Zealand until the end of the year, at which time a replacement will be named. We will continue our ongoing discussions with the government,” Holden said in a statement. Devereux's announcement comes at a difficult time for Holden as they currently in negotiations with the Australian government for financial assistance. Holden has said previously that it is committed to to manufacturing cars in Australia until at least 2022, but if get assistance from the Australian government. Source: Drive.com.au William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster. View full article
  11. William Maley Staff Writer - CheersandGears.com November 14, 2013 General Motors' current CEO, Dan Akerson, could be stepping down as early as next year, according to a report from Reuters. Sources tells Reuters that Akerson hasn't formally notified GM's board of directors of any plan to step down, but could come to fruition some next year. "I assume at some point he (Akerson) will decide he has done what he has wanted to do and will step down, but no one has a date for that," said a source. Now the board has a succession plan in place if Akerson makes a decision to step down. But according to sources, the board hasn't set a timeframe to begin a search for a new CEO. This will most likely change when Akerson makes a decision. Who are the possible contenders for GM CEO? Well the running favorite is GM's North American President, Mark Reuss. Also in the running are Mary Barra, GM's product development lead; Steve Girsky, GM's vice chairman; and Dan Ammann, GM's CFO. Source: Reuters William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster.
  12. William Maley Staff Writer - CheersandGears.com November 14, 2013 General Motors' current CEO, Dan Akerson, could be stepping down as early as next year, according to a report from Reuters. Sources tells Reuters that Akerson hasn't formally notified GM's board of directors of any plan to step down, but could come to fruition some next year. "I assume at some point he (Akerson) will decide he has done what he has wanted to do and will step down, but no one has a date for that," said a source. Now the board has a succession plan in place if Akerson makes a decision to step down. But according to sources, the board hasn't set a timeframe to begin a search for a new CEO. This will most likely change when Akerson makes a decision. Who are the possible contenders for GM CEO? Well the running favorite is GM's North American President, Mark Reuss. Also in the running are Mary Barra, GM's product development lead; Steve Girsky, GM's vice chairman; and Dan Ammann, GM's CFO. Source: Reuters William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster. View full article
  13. William Maley Staff Writer - CheersandGears.com August 5, 2013 Some surprising news coming from General Motors today. The Detroit Free Press reports that Cadillac's vice president of global strategic development, Don Butler resigned his post today. In a email, Butler explained that his departure is “a personal decision.” “As I've told others, I just need to take a step back to recalibrate, reassess my priorities. I know it’s time for a change but I don't know what’s next. I'm trusting that God will provide,” Butler went onto to say. Butler's exit comes at at an inopportune time for GM as it tries to capitalize on the recent success of Cadillac in the U.S. by expanding it to other regions. One key area is China where Cadillac wants to triple sales by 2015. Cadillac spokesman David Caldwell says Butler's departure isn't 'house cleaning.' “In fact Bob and other leaders asked him to stay on. Don's here in the office today — and told our team that his decision is purely on a personal level. After three years of putting everything into Cadillac, he is stepping away for some personal time, and to consider new avenues in his life,” Caldwell said. Source: Detroit Free Press William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster. View full article
  14. William Maley

    Don Butler Resigns From Cadillac

    William Maley Staff Writer - CheersandGears.com August 5, 2013 Some surprising news coming from General Motors today. The Detroit Free Press reports that Cadillac's vice president of global strategic development, Don Butler resigned his post today. In a email, Butler explained that his departure is “a personal decision.” “As I've told others, I just need to take a step back to recalibrate, reassess my priorities. I know it’s time for a change but I don't know what’s next. I'm trusting that God will provide,” Butler went onto to say. Butler's exit comes at at an inopportune time for GM as it tries to capitalize on the recent success of Cadillac in the U.S. by expanding it to other regions. One key area is China where Cadillac wants to triple sales by 2015. Cadillac spokesman David Caldwell says Butler's departure isn't 'house cleaning.' “In fact Bob and other leaders asked him to stay on. Don's here in the office today — and told our team that his decision is purely on a personal level. After three years of putting everything into Cadillac, he is stepping away for some personal time, and to consider new avenues in his life,” Caldwell said. Source: Detroit Free Press William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster.
  15. By William Maley Staff Writer - CheersandGears.com March 13, 2013 Henrik Fisker, founder and executive chairman of Fisker Automotive has resigned today. In a statement sent today, Fisker Automotive said “the main reasons for his resignation are several major disagreements that Henrik Fisker has with the Fisker Automotive executive management on the business strategy.” “Given the confidential nature of this matter, at this point in our process we can only confirm that the company has received detailed proposals from multiple parties in different continents which are now being evaluated by the company and its advisors. The company is pleased with the level of interest from potential partners, which underscores the attractiveness and relevance of Fisker's proven EV powertrain technology, design and strategy,” Fisker Automotive went on to say. We'll be updating this story as soon as we have more information. Source: Fisker William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster. View full article
  16. William Maley

    Henrik Fisker Resigns From Fisker Automotive

    By William Maley Staff Writer - CheersandGears.com March 13, 2013 Henrik Fisker, founder and executive chairman of Fisker Automotive has resigned today. In a statement sent today, Fisker Automotive said “the main reasons for his resignation are several major disagreements that Henrik Fisker has with the Fisker Automotive executive management on the business strategy.” “Given the confidential nature of this matter, at this point in our process we can only confirm that the company has received detailed proposals from multiple parties in different continents which are now being evaluated by the company and its advisors. The company is pleased with the level of interest from potential partners, which underscores the attractiveness and relevance of Fisker's proven EV powertrain technology, design and strategy,” Fisker Automotive went on to say. We'll be updating this story as soon as we have more information. Source: Fisker William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster.
  17. By William Maley Staff Writer - CheersandGears.com January 29, 2013 Ray LaHood, the Transportation Secretary of the Obama administration announced today that he would be stepping down. "I have let President Obama know that I will not serve a second term as Secretary of the U.S. Department of Transportation. It has been an honor and a privilege to lead the Department, and I am grateful to President Obama for giving me such an extraordinary opportunity," LaHood wrote in an email. LaHood has put forth a number of initiatives during his time as transportation secretary including a campaign to reduce distracted driving, promote high-speed rail, and repair roads and bridges. "I plan to stay on until my successor is confirmed to ensure a smooth transition for the Department and all the important work we still have to do," LaHood said. Source: Associated Press William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster. View full article
  18. By William Maley Staff Writer - CheersandGears.com January 29, 2013 Ray LaHood, the Transportation Secretary of the Obama administration announced today that he would be stepping down. "I have let President Obama know that I will not serve a second term as Secretary of the U.S. Department of Transportation. It has been an honor and a privilege to lead the Department, and I am grateful to President Obama for giving me such an extraordinary opportunity," LaHood wrote in an email. LaHood has put forth a number of initiatives during his time as transportation secretary including a campaign to reduce distracted driving, promote high-speed rail, and repair roads and bridges. "I plan to stay on until my successor is confirmed to ensure a smooth transition for the Department and all the important work we still have to do," LaHood said. Source: Associated Press William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster.

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