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China: Most Buyers Pay Cash, for Now
10/1/2014Cadillac dealer in China When it comes to paying for a new car, buyers in China couldn't be more different than their counterparts in the United States.
Italy’s Prime Minister: Fiat Jobs Key to Chrysler Merger
10/1/2014Prime Minister Matteo Renzi Italy Prime Minister Matteo Renzi tells reporters in Detroit that adding jobs in Italy is more important than where Fiat SpA puts its headquarters after merging with Chrysler Group LLC.
Ford Aims to Reduce Global Platforms to 8
10/1/2014Ford Motor Co. tells analysts that 99% of the cars and light trucks it builds in 2016 will ride on one of nine platforms.
Airstream to Boost Production Capacity 50%
10/1/2014Airstream factory in Ohio Thor Industries Inc. says its Airstream unit will spend $6 million to hike production space at its travel trailer factory in Jackson Center, Ohio, 70% to 228,000 sq ft by next May.
Chrysler Hikes Diesel Truck Output
10/1/2014Ram 1500 diesel Chrysler Group LLC says it will double its production of diesel-equipped Ram 1500 fullsize pickup trucks to meet demand.
Car Sales Slip in Japan
10/1/2014Passenger vehicle sales in Japan slipped about 1% to 518,800 units in September, according to industry data.
Honeywell Bullish on Turbocharging
10/1/2014Honeywell International Inc.'s Turbo Technologies unit predicts the automotive turbocharger market will grow 14% annually over the next five years, reaching $12 billion and 49 million units annually by 2019.
Sumitomo Buys Car Leasing Unit in India
10/1/2014Sumitomo Corp. has acquired the leasing operations of Carzonrent India Pvt. Ltd., India's largest personal ground transportation services provider, for an estimated 2 billion-3 billion yen ($18 million-$27 million).
JCI to Sell Global Workplace Solutions Unit
10/1/2014Johnson Controls Inc. intends to shed its Global Workplace Solutions unit, which provides facilities, real estate and energy management services.
SGL Carbon Plans Stock Sale to Cut Debt, Expand
10/1/2014SGL Carbon SE, the carbon fiber supplier to BMW and Volkswagen, plans to issue some €267 million in new shares to pay down debt and fund new investments.