NEWS

U.S. Economy Adds 175,000 Jobs

3/10/2014

Non-farm jobs in the U.S. grew by 175,000 from January to February, but the separately calculated unemployment rate rose from 6.6% to 6.7%, the U.S. Dept. of Labor reports.

Daimler to Sell Stake in Rolls-Royce Engine Venture

3/10/2014

Daimler AG says it will sell its half of a three-year-old 50:50 engine-making venture to partner Rolls-Royce Holdings plc.

Chrysler Pays Marchionne $308,000 for CEO Role

3/10/2014

Fiat Chrysler Automobiles NV CEO Sergio Marchionne earned $308,000 in pay and stock for his work as CEO of Chrysler Group last year, according to a filing with the U.S. Securities and Exchange Commission.

Chrysler Recalls 44,800 Cars, SUVs for Software Updates

3/10/2014

Chrysler Group is preparing to launch two recalls to improve transmission shift performance in 19,500 cars and brake pedal feel in 25,300 SUVs.

Mini May Prune Its Lineup

3/10/2014

BMW AG's Mini unit may drop some vehicles in its portfolio and focus on fewer but more clearly defined models, according to the unit's product management chief.

Marchionne Gets $308,000 from Chrysler as CEO

3/10/2014

Sergio Marchionne received $308,000 (€472,000) in salary and stock last year as CEO of Chrysler Group LLC, according to a regulatory filing in the U.S.

Chrysler Ponders Power Roof for Jeep Wrangler SUV

3/10/2014

Chrysler Group is in the early stages of developing a power retractable top for its next-generation Jeep Wrangler, according to Road & Track.

Mazda Engine to Power Toyota Small Car

3/7/2014

Toyota Motor Corp. will use one of Mazda Motor Co.'s 4-cylinder Skyactiv engines to propel the replacement for its subcompact Yaris five-door hatch in the U.S. next year, Automotive News reports.

Ford to Shift Medium-Duty Truck Output from Mexico to U.S.

3/7/2014

Ford Motor Co. is moving production of its 2016 model medium-duty F-Series pickup trucks to Avon Lake, Ohio, from Mexico in early 2015.

Euro Climbs to 28-Month High Against U.S. Dollar

3/7/2014

The European Central Bank's decision not to lower interest rates has helped pushed the euro to $1.39 against the American dollar, its strongest since October 2011.