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Philip G. Spender named Executive Vice President of Mazda Motor Corporation

Tuesday, March 25th, 2008

- Robert J. Graziano is appointed President and CEO of Ford Motor (China) Ltd.
- Philip G. Spender is appointed Executive Vice President of Mazda

Mazda Motor Corporation and Ford Motor Company jointly announced today that effective April 1, 2008, Robert J. Graziano has been appointed president and CEO, Ford Motor China, and Philip G. Spender has been appointed executive vice president of Mazda and a vice president of Ford Motor Company. Spender was formerly chief operating officer of Ford Motor China.

While Robert Graziano will resign as executive vice president of Mazda effective April 1, 2008, he will remain a representative director of the Board.

Both appointments are effective April 1, 2008 and have been approved by Mazda’s Board of Directors.

Hisakazu Imaki, Mazda’s chairman of the Board, president and CEO, said, “We congratulate Bob Graziano on his new appointment. As a leader of Mazda, Graziano-san has played an integral role in a wide range of areas and was instrumental in the development of the Mazda Advancement Plan and in leading Mazda through the first year of that plan. He worked tirelessly to build the Mazda brand around the world, and to continue to drive further efficiencies throughout the organization. We look forward to working with Graziano-san in his new role with Ford China.

“Phil Spender brings to Mazda his experience in a wide range of areas, including his 20 year relationship with Mazda which began in the early 1980s,” Imaki continued. “Over the years, Spender-san has cemented and strengthened the close relationship between Ford and Mazda in different operations. This includes his years at Auto Alliance International, a joint venture between Ford and Mazda in North America, as well as presiding over Mazda’s investment in Changan Ford Mazda Automobile Co. Ltd. where he was president of the company. We welcome him as a strong addition to our team, and look forward to working closely with him.”

John G. Parker, executive vice president, Ford Motor Company, said, “Bob has been instrumental in delivering continued growth and profits at Mazda. His personal commitment and hands on leadership style greatly assisted our efforts to improve Mazda’s brand value and enhanced business efficiency.”

Since he began his career with Ford in 1982, Graziano has held positions in sales & marketing, finance, product and brand strategy, as well as in general management, running Ford Motor Company of Southern Africa and most recently at Mazda.

“With this appointment, we will leverage Bob’s experience to continue to grow our business in China and generate greater synergies among our partners,” Parker added.

With over 30 years of experience, Spender joined Ford in 1975 and has held various positions in manufacturing and engineering in both Ford New Zealand and Ford of Australia. He served as president of Ford of India for nearly three years before being appointed as president and CEO of Auto Alliance International in 2001.

He was appointed president and CEO of Changan Ford, China, in 2005 and was instrumental in transitioning the business to Changan Ford Mazda Automobile Company. He most recently served as COO of Ford Motor China.

Source: Mazda Motor Corporation

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Ford takes over Romanian car maker

Sunday, March 23rd, 2008

Ford took over Romanian plant Automobile Craiova from the Romanian government.
Prime Minister Calin Popescu Tariceanu handed the factory’s key to Ford of Europe President John Fleming, saying that Ford’s investment of $1 billion would allow Romania to become the biggest car producer in southeastern Europe.
Last year, ford bought a 72.4- per cent stake in the state – owned company, paying 57 million euros, vowing to invest another 675 million euros to upgrade and expand car production.
“I believe that the presence of two carmakers on our market will encourage interest in other” Tariceanu said.
The Renault-owned Dacia plant in Romania already produces the popular Logan make and a new brand, Sandero.
The Romanian government took over the debt-laden factory in 2006 after the previous owner, South Korea’s Daewoo Motor Co., went bankrupt in 2000.

Porsche to secure majority share in Volkswagen

Wednesday, March 19th, 2008

Porsche, German maker of sports cars, is set to increase its 31% voting stake in Volkswagen to a majority but does not intend to merge the two carmakers on the Internet Porsche’s supervisory body authorized the long- awaited move, which said would represent an investment of almost $15.17 billion.
“Our aim is to create one of the strongest and most innovative automobile alliances in the world, which is able to measure up to the increased international competition Porsche Chief Executive Wendelin Wiedeking said.

Ford introduces one small car for global market

Thursday, February 28th, 2008

This time Ford is keeping it simple one car with one name for every market in the world.

Ford unveiled its new Fiesta small car recently.

It goes on sale in Europe this fall, with introductions in Asia, Australia, and North and South America to follow.

The Fiesta nameplate has been a Ford fixture in Europe for more than 30 years, but has not been used in the United States market since 1980.

After losing more than $ 15 billion over the last two years, Ford is planning to follow the Toyota model and cut costs by selling what is essentially the same car in different markets.

It is absolutely imperative that Ford globalize product development in order to compete with the Toyota and Honda of the world, according to auto expert.

The Fiesta was shown as a concept vehicle under the name Verve at recent auto shows in Detroit, Frankfurt and Guangzhou, China. Ford’s chief executive, Alan R. Mulally, said in a recent interview that he expects the automaker to ultimately sell one million of the vehicles annually.

Chrysler offers workers buyouts of up to $ 100,000

Friday, January 25th, 2008

Chrysler offered buyout and early retirement packages to about 13,000 Detroit-area hourly workers as the automaker works to cut its hourly workforce by as many as 10,000 people.

Packages offering lump-sum Payments as high as $100,000 went to UAW workers in Detroit area.