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General news updateBack

FTFinancial Times

GM faces legal recalls wrangle – General Motors looks set for a complex legal wrangle over whether it is responsible for a botched recall over faulty ignition switches after competing lawsuits were filed on Monday. Lawyers for people who claimed to have suffered economic losses because of the botched recall filed a motion late on Monday with the US bankruptcy court in Manhattan alleging that the company’s exit from its 2009 bankruptcy was fraudulent.

China warns over car joint venture R&D – The head of China’s powerful domestic car lobby has warned foreign car companies that their local joint ventures should not be reliant on them for technology but instead develop their own R&D capabilities – a strategy many multinational carmakers have been slow to adopt.

Charging issues delay Tesla deliveries – Tesla Motors made the first delivery of its premium electric cars in China yesterday, but only after chief executive Elon Musk apologised to customers whose orders had been delayed. Tesla has made a late entry into the world’s largest automotive market, in part because of its lack of car-charging facilities.

The Daily Telegraph

Ford prepares to name Mark Fields as next chief executive – Ford is preparing to name Mark Fields as its next chief executive, as Alan Mulally speeds up his departure from the company he is credited with saving. Mr Mulally, 68, could step down from the Detroit car manufacturer as early as July, according to reports, calling time on a run that had been expected to last to at least 2015 and which has encompassed one of the most turbulent periods in Ford’s history.

Posted by Sue Robinson on 25/04/2014