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News Overview : August 8, 2007

Just 3 days after taking the majority Ceberus introduced Bob Nardelli as Chairman and CEO of Chrysler, LaSorda set back into second row

Chrysler LLC  announced that its Board of Directors has appointed Bob Nardelli as Chairman and CEO of Chrysler LLC and that Tom LaSorda has been appointed Vice Chairman and President of Chrysler LLC, reporting to Nardelli.

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Pentastar Returns as Symbol for The New Chrysler

The Pentastar, which for decades symbolized Chrysler Corporation, is back as the corporate mark for The New Chrysler. After a nine-year hiatus, the five-pointed star returns with a bold, three-dimensional update.

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The New Chrysler: Celebrating ‘First Day’

The New Chrysler marked the “First Day” of a new era today by bringing back its Pentastar corporate logo.

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Back to square one: DaimlerChrysler finally could transfer its majority interest in Chrysler to Cerberus

Dr. Dieter Zetsche, Chairman of the Board of Management of DaimlerChrysler AG and Head of Mercedes Car Group: “Today marks a new chapter in the history of our company.”

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Chrysler Successful in International Expansion

Chrysler’s international operations had its most profitable year ever in 2006, and the growth continues.

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Bentley presents all new 600bhp Continental GT Speed inspired by the legendary ‘Speed’ models of the 1920s

The Continental GT Speed is the most powerful production Bentley ever and the first to top 200mph (322km/h).

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Volkswagen announces product fireworks at the IAA 2007

Volkswagen will present its widest product range of all time at the International Automobile Exhibition (IAA) in Frankfurt (13th to 23rdrd September).

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Manufacturing News

The two millionth vehicle in the Ford Fiesta/Fusion series rolled off the line today at the Ford plant in Cologne

Another production milestone has been achieved today at the Ford plant in Cologne-Niehl when the two millionth vehicle in the Ford Fiesta/Fusion series rolled off the line.

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News from China

Audi in the top of China Customer Satisfaction Index for second time

For the second time in succession, Audi is ranked top in the “J.D. Power Asia Pacific 2007 China Customer Satisfaction Index (CSI) StudySM”, which has now been released.

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Changan Auto: Launching 20 models in the next three years

Changan Automobile announced that the Group will launch four new models for the rest of this year, the models will include economy cars and mid and high segment cars.

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Chinese MPV market sees slower sales growth

In the first half of this year, MPV sales rose 12.9%, slower than that of sedan and SUV, and this is the lowest MPV sales growth rate over the last five years, according to official statistics.

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Shanghai GM ranked as Most Competitive Passenger Vehicle Manufacturer in China

The "Top 30 Most Competitive Passenger Vehicle Manufacturers", a list prepared by Guangzhou Daily, is released on Monday.

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Business News

911 and new Cayenne helps Porsche to achive strong results in North America

In the just-ended fiscal year of 2006/07 Porsche AG, Stuttgart, almost matched the extremely high figure for the previous year of 36,669 units on the North American market with a total of 35,398 vehicles delivered to customers

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GM Completes Sale of Allison Transmission for $5.6 Billion

August 6, 2007, General Motors Corp. (NYSE:GM) announced that it has completed the sale of its Allison Transmission commercial and military business to The Carlyle Group and Onex Corporation for approximately $5.6 billion.


Phillip A. Zak new Director Exterior Design, GM Europe / Friedhelm Engler new Director of PATAC Design, China

Phillip A. Zak (42) has been appointed Director Exterior Design for GM Europe as of August 1.

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