MCG Executive Briefing for Dec. 31, 2012

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Former Audi stylist and current Kia chief designer Peter Schreyer has been chosen to serve as the first non-Korean president at Kia Motors. Catch this news and more in today’s Executive Briefing. 

 

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+   Michigan-based parts maker Tower International has sold its South Korean manufacturing operation to a private Korean firm. More here at Reuters. 

+   City officials in of St. Paul, Minnesota have approved the demolition of the historic Ford Twin Cities assembly plant. More here at StarTribune. 

+   Bernie Ecclestone has acknowledged that a German bribery case could force him out his role as reigning F1 czar. More here at the UK Telegraph.  

+   Kia Motors has appointed chief designer Peter Schreyer to serve as the automaker’s first non-Korean president .More here at Bloomberg.com 

+   Fisker Automotive is suing its insurance carrier over $33 Million in flood damage to 338 Karma hybrid vehicles caused by Superstorm Sandy. More here at Yahoo! News. 

+   Imre Molnar, dean and provost at the College for Creative Studies in Detroit, died Friday, December 30. More here at Autoweek. 

+   GM’s Opel division will reduce production by over 10 percent in 2013 in response to weak sales conditions in Europe. More here at UK Reuters. 

+   Former Indy car driver Salt Walther, best known for a horrible 1973 Indy 500 crash and his troubled post-racing life, has passed away at 65. More here at SI.com. 

+   Ford is on track to exceed two million units in USA sales for the second consecutive year. More here at CNBC.

For the previous Executive Briefing from Dec. 28, click here.

 

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3 thoughts on “MCG Executive Briefing for Dec. 31, 2012”

  1. So that’s the guy responsible for all those hideous Kias lately! Ok, I totally understand what he’s doing — weird flamboyant designs to make Kia stick out from the crowd and build in some brand differentiation, and a fine job he did at that. But they’re still ugly.

    • Hey, a lot more of the general public can tell you what an Edsel looks like than a Ferrari 250SWB. Sometimes it’s true that bad publicity is better than none at all.

      I’m pretty sure however, that once you show the general public what an Edsel and 250SWB look like, they’ll take the Ferrari.

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