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Oil Prices Fall to Nine-Month Low
8/20/2014The price of crude oil continues to slip in spite of worries that conflict in Ukraine and the Middle East could disrupt supplies.
Russian Oil Prices Sag
8/20/2014The price of Russian oil, which has averaged about $100 per barrel this year, dropped to $97 this week for the first time in more than a year, The Moscow Times reports.
NHTSA Debuts VIN-Based Recall Database
8/20/2014Today the National Highway Traffic Safety Administration introduces a Web-based tool that enables consumers to enter their vehicle's identification number to determine if their car or truck is subject to a safety recall.
NGK Spark Plug to Pay $51 Million Price-Fixing Fine
8/20/2014Japan's NGK Spark Plug Co. has agreed to plead guilty and pay $51 million criminal fine for fix prices on spark plugs, oxygen sensors and air-fuel ratio sensors between at least 2000 and 2011.
Uber Shared-Ride Provider Hires Ex-Obama Advisor
8/20/2014Uber Technologies Inc. has hired former White House advisor David Plouffe to help it gain acceptance for its taxi-alternative service worldwide.
Lear to Buy Eagle Ottawa?
8/20/2014Lear Corp. is near a deal to acquire automotive seat leather supplier Eagle Ottawa LLC for more than $800 million, according to The Wall Street Journal.
China Fines 10 Japanese Parts Suppliers for Price Fixing
8/20/2014China says 10 more Japanese auto parts companies are guilty of price fixing and has fined them a combined 1.2 billion yuan ($200 million).
A123 Hires Former JCI Exec to Be Chief Technology Officer
8/19/2014Lithium-ion battery supplier A123 Systems LLC has hired Patrick Hurley formerly head of global core engineering for Johnson Controls Inc.'s Power Solutions division as its new chief technology officer.
Oil Prices Fall to Nine-Month Low
8/19/2014The price of crude oil continue to slip in spite of worries that conflict in Ukraine and the Middle East could disrupt supplies.
Millennials Switch from Small Cars to Small Crossovers
8/19/2014Millennials those born between the early 1980s and early 2000s are trading up from the small cars that got them through college and first jobs into more versatile small SUV/crossover vehicles, USA Today reports.