Renault will invest $1 billion for 25% + one share of AvtoVAZ’s shares. Russian Technologies and it will become equal shareholders of AvtoVAZ in the spirit of a long-term partnership.
Via: Automotive Business Review 

General Motors Corp. announced today that its board of directors has elected Fritz Henderson, vice chairman and chief financial officer, to the positions of president and chief operating officer of the corporation.
In conjunction with Henderson’s appointment by the board, GM also promoted Ray Young, currently group vice president – finance, to the position of vice […]