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.December 03, 2003
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This Week:

• Aston Martin DB9 Volante

• Cooking With Style: Buick Teams With Renowned Chef Ming Tsai For Rainier Recipes

• DaimlerChrysler continues global fight against HIV/AIDS

• Nissan Europe Appoints New Senior Vice President

• BMW Launches Unprecedented On-Line Game Starring New X3

• Banque PSA Finance opens office in China

• Magna in discussions with DaimlerChrysler regarding New Venture Gear

• Chrysler Group Announces New Controller - Donlon to Retire; Olsen from DaimlerChrysler Services Named

• Ford Names Michael J. McCarney As New Asean President

• Volkswagen intensifies collaboration with FAW in China

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Ford Names Michael J. McCarney As New Asean President

Michael J. McCarney Photo: Ford

BANGKOK, Thailand - Ford Motor Company has announced the appointment of Michael J. McCarney as the new president for its ASEAN Operations, to be based in Bangkok, with immediate effect. McCarney will be responsible for Ford's operations throughout the ASEAN region that includes Indonesia, Malaysia, Vietnam, Thailand and the Philippines. Previously, he was director, Truck Manufacturing Operations, Vehicle Operations in Michigan. Prior to that, McCarney was plant manager at the Wayne Integrated Stamping and Assembly Plant, where he was responsible for overseeing some 15,000 employees and the production of over a million vehicles a year.

McCarney has extensive automotive experience having been with Ford Motor Company for thirty years since joining Ford of Canada in March 1974. He has since held various positions within Vehicle Operations in North America, including plant manager positions at the Ontario Truck Assembly and Michigan Truck Assembly, in addition to several short assignments with Ford of Europe. He was also involved in the Ford-Harley Davidson alliance that led to the highly successful Harley Davidson F-150. "I am motivated by this new assignment, particularly since ASEAN and the greater Asia-Pacific region represents the future of the automotive industry," said McCarney. Industry forecasts indicate that, at present rate of growth, the Asia automotive market will overtake those of North America and Europe by 2010. Asia is expected to contribute over 60% of global industry growth through the end of the decade, led by China, ASEAN and India.

He continued, "I believe these are exciting times for Ford in Asia, and I am prepared for the many challenges that lie ahead of us, but I am also confident that we can achieve our long-term goals and that the rewards down the road will be generous."

McCarney succeeds John Parker who has been appointed executive vice president, Mazda Motor Corporation. McCarney, a Canadian citizen, has a bachelor's degree in industrial management. He is married with four children and has five grandchildren.

(November 27, 2003)