One of the nicest guys in the business,Motor Co.'s vice president of research, William F. Powers, has retired from the company.
Taking his place? Gerhard Schmidt, curiously jettisoning a decade in the world's greatest job: director of powertrain development ofAG.
Not so curious, really. Mr. Schmidt is a longstanding friend of Wolfgang Reitzle, a fellow who also used to have the initialson his business card and now runs the Premier Automotive Group (PAG) for .
Mr. Schmidt did BMW's first diesel and overlorded the development of its current V-8 engines. He takes his new post at Ford sometime later this year.