AP
Former head of GM's European division joins Tata Motors
Tata Motors Ltd . hired Carl-Peter Forster, the former head of General Motors Co.'s European division, as chief executive officer to help the Indian company manage global operations after purchasing Jaguar Land Rover. Forster, 55, will be responsible for the two British luxury brands as well as Tata's truck, bus and car operations.
Forster left GM in November after opposing the automaker's decision to back out of an agreement to sell a majority stake in the German Opel unit to a group led by Magna International Inc.
Metro area's housing inventory drops sharply
Monthly data by Realcomp II Ltd ., a Farmington Hills-based real estate data service, showed the bloated inventory of homes and condos dropped sharply in Metro Detroit last month: by 27 percent in Oakland, 28 percent in Macomb and 33 percent in Wayne, compared to January 2009.
Chrysler asks Sterling Heights for more time
Chrysler Group LLC is asking the Sterling Heights City Council for an extension to negotiate the transfer of ownership of an assembly plant to continue to receive $8.2 billion in annual tax abatements.
Mayor Richard Notte said the council will likely agree tonight to give the automaker as much as 30 more days to complete negotiations to transfer ownership from the bankrupt estate to Chrysler Group.
Forster left GM in November after opposing the automaker's decision to back out of an agreement to sell a majority stake in the German Opel unit to a group led by Magna International Inc.
Metro area's housing inventory drops sharply
Monthly data by Realcomp II Ltd ., a Farmington Hills-based real estate data service, showed the bloated inventory of homes and condos dropped sharply in Metro Detroit last month: by 27 percent in Oakland, 28 percent in Macomb and 33 percent in Wayne, compared to January 2009.
Chrysler asks Sterling Heights for more time
Chrysler Group LLC is asking the Sterling Heights City Council for an extension to negotiate the transfer of ownership of an assembly plant to continue to receive $8.2 billion in annual tax abatements.
Mayor Richard Notte said the council will likely agree tonight to give the automaker as much as 30 more days to complete negotiations to transfer ownership from the bankrupt estate to Chrysler Group.
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