The Holden brand will soon be no more. General Motors announced it will end production at the Australian division by the end of 2017. Holden EH from 1964 shown here. Get all the latest car biz news in the Executive Briefing.
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+ Mary Barra, a 33-year veteran of the company, is the new CEO at General Motors, replacing Dan Akerson. More at USA Today.
+ Ford will add 5,000 jobs in North America and introduce 16 new vehicles in 2014, the greatest number one year in the company’s history. More at The Detroit News.
+ David L. Strickland is stepping down as head of the National Traffic and Safety Administration, a post he has held since 2010. More at the Chicago Tribune.
+ Volkswagen USA chief Jonathan Browning has left the company, replaced from within by Michael Horn, head of global after sales. More at Reuters.
+ GM will sell its 7 percent stake in PSA Peugeot Citroen (nearly 25 million shares) at a loss of around $39 million. More at The Washington Post.
+ Sergio Perez of Mexico will drive for Force India Formula 1 team in 2014, alongside the returning Nico Hulkenberg. More at Sky Sports.
+ GM’s Holden subsidiary in Australia will cease production by end of 2017, resulting in the loss of 3000 jobs. More at BBC News.
+ Ryan Briscoe will return to Target Chip Ganassi Racing to complete the team’s four-car IndyCar lineup. More at Racer.
For the previous Executive Briefing from December 9, click here.