NEWS

JCI to Sell HomeLink Unit to Gentex

7/19/2013

Johnson Controls Inc. is selling its HomeLink auto electronics business to Zeeland, Mich.-based Gentex Corp. for $700 million.

MyFord Touch System Faces Legal Challenge

7/19/2013

The owner of a Ford F-150 pickup truck is attempting to organize a class-action lawsuit against Ford Motor Co. over alleged defects of the company's MyFord Touch infotainment system.

ArcelorMittal Cancels Huge Steel Plant in India

7/18/2013

Luxembourg-based steelmaker ArcelorMittal SA has abandoned plans to build an $8.5 billion (€ billion) steel factory in the city of Keonjhar in eastern India.

ArcelorMittal Cancels Giant Steel Plant in India

7/18/2013

Luxembourg-based steelmaker ArcelorMittal SA has abandoned plans to build an $8.5 billion steel factory in the city of Keonjhar in eastern India.

Honda to Build Acura Vehicles in China

7/18/2013

Honda Motor Co. has reached a framework agreement to begin building vehicles for its Acura luxury brand in 2016 with Guangzhou Automobile Co. at their Chinese joint venture.

Honda to Build Acura Vehicles in China

7/18/2013

Honda Motor Co. has reached a framework agreement to begin building vehicles for its Acura luxury brand in 2016 with Guangzhou Automobile Co. at their Chinese joint venture.

Supply Chain Expert Named Commerce Dept.’s Top Economist

7/18/2013

The U.S. Dept. of Commerce has hired Susan Helper, an Ohio economics professor who has studied the auto industry, as its chief economist.

U.S. Leading Economic Index Move Sideways

7/18/2013

The index of leading economic Indicators, a gauge of future U.S. growth, was unchanged from May to June at 95.3, the New York City-based Conference Board reports.

Senate Confirms McCarthy As EPA Chief

7/18/2013

The U.S. Senate has voted 59:40 to confirm Gina McCarthy as the new administrator of the Environmental Protection Agency.

GM Studies Tesla’s Success, Looks for Ways to Innovate Faster

7/18/2013

General Motors Co. has set up a small group to assess how the company's EV programs might be threatened by startup electric car maker Tesla Motors Inc., Bloomberg News reports.