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Engine Parts News:

Masuko to step down as Mitsubishi Motors CEO; Kato to succeed him

Takao Kato, 57, will take the helm of Mitsubishi Motors as the automaker navigates slowing demand for cars, global trade frictions and the demand for new technologies. Osamu Masuko, 70, will retain the chairmans role....


Musk to review all of Tesla's expenses in new cost-cutting plan

Elon Musk, in an email to employees, said Teslas net proceeds from its recent stock and debt offering gave the company only 10 months to achieve breakeven at the rate it burned cash in the first quarter. Tesla shares fell on the news....


Mercedes USA picks China chief Speeks to replace Exler as CEO

Nicholas Speeks, 60, a career-long veteran of Mercedes-Benz, takes over from Dietmar Exler, who is leaving the company for a role said to be outside the auto industry....


Nissan keeps Saikawa as CEO, putting focus on Renault ties

Nissan will keep Hiroto Saikawa as CEO in a reconstituted board that also gives Renaults top two executives seats, setting the table for possible friction in the automakers alliance....


Industry veteran Finbarr O'Neill takes helm at F&I firm APCO

Finbarr ONeill, 67, retired as CEO of J.D. Power in March 2018. Before that, he held leadership roles with automakers and dealership services giant Reynolds and Reynolds....


Mercedes-Benz USA chief Exler is stepping down

Dietmar Exler, who led Mercedes to three straight U.S. luxury sales titles before a decline this year, is said to have told the dealer board he was offered opportunities inside Daimler that would have required him to leave the U.S., which is something he didnít want to do....


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