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Pierre Beaudoin will step down as CEO as Bombardier announces a $1.59 billion loss for the 4th quarter of 2014. The loss for 2014 was $2.2 billion, compared to a profit of $1.4 billion in 2013. Revenues increased in 2014 from $18 billion to $20 billion. Beaudoin will remain as executive chairman. The new CEO is Alain Bellemare, former president and CEO of the United Technologies propulsion and aerospace systems group, which includes aircraft engine maker Pratt and Whitney.
Pierre Beaudoin will step down as CEO as Bombardier announces a $1.59 billion loss for the 4th quarter of 2014. The loss for 2014 was $2.2 billion, compared to a profit of $1.4 billion in 2013. Revenues increased in 2014 from $18 billion to $20 billion. Beaudoin will remain as executive chairman. The new CEO is Alain Bellemare, former president and CEO of the United Technologies propulsion and aerospace systems group, which includes aircraft engine maker Pratt and Whitney.
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Baidu has a 64% share of the Chinese market and it is growing. Google is likely to have more difficulty holding on to its smaller share of the Chinese market.
Baidu has a 64% share of the Chinese market and it is growing. Google is likely to have more difficulty holding on to its smaller share of the Chinese market.
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Volvo's XC90 SUV new model in 2014 is the first under Geely ownership.
Volvo's XC90 SUV new model in 2014 is the first under Geely ownership.
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