NEWS

Lear Will Boost Share Buyback to Appease Dissidents

4/3/2013

Lear Corp. says it has reached an agreement with activist investors Marcato Capital Management LLC and Oskie Capital Management LLC to satisfy their demand that the company return more money to shareholders.

Subaru Recalls Cars to Fix Leaky Brake Lines

4/3/2013

Fuji Heavy Industries' Subaru unit is recalling an estimated 200,000 cars in the U.S. to check for brake lines that could rust and leak.

Consumers Less Satisfied with Run-Flat Tires

4/3/2013

U.S. consumers report fewer problems with conventional tires than run-flat alternatives, according to a poll by J.D.

Car Sales Tumble in Southern Europe

4/3/2013

Registrations of new passenger vehicles in France dropped 16% year on year to 165,200 units last month, industry group CCFA reports.

GM Buys Ally Lending Units in Europe, S. America

4/3/2013

General Motors Co.'s finance arm has finalized its previously announced $2.6 billion acquisition of Ally Financial Inc.'s auto lending operations in Europe and Latin America.

Ally Completes $2.6 Billion Sale of Overseas Units to GM

4/3/2013

General Motors Co.'s finance arm has finalized its $2.6 billion acquisition of Ally Financial Inc.'s auto lending operations in Europe and Latin America.

Korea Probes German Carmakers for Price Fixing

4/2/2013

South Korea's Fair Trade Commission raided the offices of three German automakers late last week, according to a local industry group.

German Carmakers Face Korean Price-Fixing Probe

4/2/2013

South Korea's Fair Trade Commission raided the offices of three German automakers late last week, according to a local industry group.

SAE Publishes Specs for New Low-Viscosity Motor Oil

4/2/2013

SAE International has formally codified a new low-viscosity grade SAE 16 for vehicle engine oil.

Tesla Launches Leasing Program

4/2/2013

Tesla Motors Inc. has teamed up with U.S. Bancorp and Wells Fargo & Co. to create a financing arm that will offer lease-like financing for its Model S electric sedan, which starts at $67,400.