Subaru CEO to quit, says GM not a factor

Article Abstract:

George Muller has decided to leave his post as president and chief operating officer of Subaru of America. He disclosed that his departure was not influenced by the decision of Fuji Heavy Industries, Subaru's parent company, to sell a 20% stake to General Motors. Muller revealed that he resigned because he wanted to pursue a career in the private investment field. Muller's position was temporarily assigned to Takao Saito, chairman of Subaru of America.

Executive changes & profiles, Subaru of America

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Volkswagen comes to fork in the road

Article Abstract:

Volkswagen is said to be considering a corporate structure that would serve as a poison pill by splitting the firm into two giant operating groups. The move would be in response to the EU's plan to stripping the company of a special status which the EU said is not in line with its objective of a more open, less protected marketplace. Volkswagen's plan would create a web of subsidiaries with different classes of stock.

Strategy & planning, Volkswagen AG

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GM's slumping earnings beat analysts' expectations

Article Abstract:

General Motors Corp has beaten analysts' earnings expectation in 1st qtr 2001. The automaker posted earnings of $37 million, or 53 cents a share, in the January to March period, down sharply from $1.78 billion, or $2.80 a share, posted in the corresponding quarter in 2000. The result easily surpassed the 26 cents per share expected by analysts surveyed by Thomson Financial/ First Call.

Sales, profits & dividends, General Motors Corp.

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