America’s railways are the circulatory system of the economy, so any evidence that points to rail’s recovery is a good sign for the future. Happily, a new report suggests rail freight shipments are gaining momentum.
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Volkswagen has tapped a veteran with deep knowledge of the U.S. domestic auto industry to head its U.S. operations. The German carmaker named Jonathan Browning, who has worked for both General Motors and Ford Motor, as CEO of V…
Akerson, who assumed the post Sept. 1, will also receive a portion of his salary in the form of stock, totaling $5.3 million, which will be paid out over three years beginning September 2011.
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The thrifty new small car replaces the underwhelming Chevy Cobalt, a model that had a hard time competing with the likes of Toyota’s Corolla and Ford’s Focus, new versions of which are due in coming months. A manual transmissi…
Chung Sung-eun, vice chairman and chief executive of South Korea’s Kia Motors, has resigned following the recall of some 100,000 cars worldwide for a wiring defect.
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