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Old 04-18-2002, 03:36   #1 (permalink)
 
Join Date: Feb 2001
Location: Rocklyn
Posts: 7,750
Reitzle Rumors Heating Up

REITZLE RUMORS HEATING UP
The man Ford brought in to run its own luxury-brand group may be on the
way out. The latest in a series of rumors has Wolfgang Reitzle, head of
Ford's Premier Automotive Group, ditching the second-largest automaker to
join a German engineering firm, Reuters reports. Reitzle, who left BMW
after the company's labor unions blocked him from the chairmanship, joined
Ford in 1999. If Reitzle leaves, he forfeits a $5 million bonus for
staying on through 2005. Other sources from within Ford suggest that
Lincoln Mercury may soon be reoriented, away from the PAG and back under
the Ford car-development team in Dearborn.
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