Posted by Dale Buss on November 25, 2013 03:49 PM
With prospects for European auto sales not significantly rosier anytime soon, more companies are taking drastic steps that weren't envisioned even a year ago.
Maybe none is more dramatic than the report that one of the most beleaguered European automakers, France's PSA/Peugeot-Citroen, plans to hire the former No. 2 executive of its archrival Renault to succeed current Peugeot CEO Philippe Varin next year. Carlos Tavares would join initially as No. 2 and then take over the helm, Automotive News Europe reported.
Peugeot reportedly is trying to impress potential equity partner Dongfeng, the Chinese automaker, with its seriousness about making changes as Varin seeks to help his company become less dependent on Europe, where it now sells more than 50 percent of its vehicles. Tavares is the executive who noisily left Renault at the end of August after saying in one of the most public forums available—an interview with Bloomberg—that he thought he was worthy of running an automaker himself and wanted to do so. Renault CEO Carlos Ghosn quickly took note, and his COO was gone.Continue reading...
Posted by Dale Buss on November 6, 2013 09:22 AM
Starbucks commits to recruiting 10,000 veterans and Army spouses while Walgreen offers military-only discount on Veterans Day.
Nokia swipes at Samsung with lower-priced phablet.
Cargill begins labeling its "finely textured" beef aka "pink slime."
Abercrombie & Fitch expects weak holiday sales.
Acer ousts CEO as another victim of iPad.
Apple adds suppliers to boost iPhone and iPad production as it claims fifth place in China mobile market.
Boeing plans to build 777x jet in Washington State.
Brides Magazine wants its new app to take on dress counterfeiters.
Burger King plans to bring back Big Mac copycat.
CNN turnaround runs into heavy viewer indifference.
Deadline.com severs ties with Nikke Finke.
Goodyear glides with US ski association.Continue reading...
Posted by Dale Buss on October 23, 2013 09:17 AM
Mondelez invests $400 million in sustainability.
Facebook reverses stance on violent video.
Microsoft tests eyewear similar to Glass.
Amazon and eBay shake up shipping strategies.
American Honda settles class-action suit over oil-burning defect.
Apple targets Microsoft Office with free apps.
Caterpillar cuts 2013 forecast as mining orders drop.
Cheetos promises to TP any location in the world for new Halloween campaign.
Coach loses ground to luxury rivals.
Ford trims production of C-Max and Focus.Continue reading...
Posted by Dale Buss on October 14, 2013 09:27 AM
Nespresso sees coffee pod patent revoked by European regulators.
Procter & Gamble goes high-brow in fashion collaboration.
Ford teams with University of Michigan for new battery lab.
Alibaba plans to blow out infrastructure spending on Chinese "e-conomy."
Alitalia set for vote that may bring Italian government back in as an owner.
California Pizza Kitchen rolls out gluten-free pizza effort.
Daytona International Speedway fires up campaign.
Foursquare opens ads to all businesses.
GM opens new stamping plant in Texas.
Google+ users may see themselves crop up in new ad campaign.
HTC eyes China for survival.
Huawei innovates with rotating CEO system.Continue reading...
Posted by Dale Buss on September 25, 2013 09:14 AM
Amazon debuts "native" video ads and launches new tablets while cutting Kindle Fire HD price.
Mondelez revamps its social media strategy.
Samsung to launch smartphones with curved displays.
AT&T launches mobile broadcast network and says it's open to European acquisitions.
Airbus wins plane orders from Chinese startups.
Alibaba heads for US with mammoth IPO.
Applied Materials to acquire Tokyo Electron in huge B2B deal.
BlackBerry shoves off bankruptcy questions.
Bob Evans sees disgruntled investor call for spin-off of restaurant division.
Carlsberg kicks off three-year partnership with Premier soccer league.
Carnival cuts outlook.Continue reading...
Posted by Dale Buss on September 6, 2013 09:13 AM
Apple tests iPhone screens as large as six inches, reports say.
MSNBC hires Alec Baldwin as host.
NFL targeted by radio ads from Native American tribe protesting 'Redskins' name.
Bud Light kicks off NFL effort as Pizza Hut plans Times Square football-and-pizza party.
Facebook delays video ad launch again amid user-experience concerns and draws fresh scrutiny over privacy.
Ford may let CEO Alan Mulally leave sooner than planned, report says; is Microsoft his next stop? The company also announced a new luxury car brand for its European models.
GlaxoSmithKline sees setback in skin-cancer vaccine effort.
Keebler has its elves building "tiny doors" across America in new campaign.
Landry's to debut casual Morton's Grille.
McDonald's tests tiered dollar menu.Continue reading...
Posted by Dale Buss on July 31, 2013 09:20 AM
Tata is ranked No. 1 in Interbrand's Best Indian Brands 2013 report.
Yahoo and NBC team up to develop cross-platform sports shows.
Facebook plans to sell TV-style ads for $2.5 million each, as it moves into mobile games publishing.
Ford and Toby Keith ride again, as automaker announces plans to offer F-150 that rides on natural gas.
ABC leads rival networks in summer ratings.
Accenture is in talks about acquiring Booz & Co.
Air Products & Chemicals sees activist investor Bill Ackman take nearly a 10 percent stake in company.
BP fund for Gulf spill is running out.
Candia, a French milk brand, plans to set up shop in China to take advantage of consumer concerns.
CBS continues to court boomers.
Coach shuffles management after weak results.Continue reading...
Posted by Dale Buss on July 12, 2013 09:12 AM
P&G changes Tide Pods packaging to look less like candy.
Chobani lures Kellogg exec to run day-to-day operations.
Walt Disney says transactional wristbands raise sales at Disney World.
ABC sees The View retain vital role in daytime TV.
AT&T pitches Mariano Rivera promo to Yankees fans.
BP blanches at bill for Gulf cleanup.
DDB Chicago CEO heads to Chobani for chief marketing role.
Dell eyes more R&D as key to revival while Carl Icahn says he'll sweeten his offer for company.
GM seen not adding to ownership in Peugeot.Continue reading...