NEWS

Manganese Bronze to Enter Administration

10/23/2012

Manganese Bronze Holdings plc, maker of the iconic London black taxi, has filed for court administration after its failure to raise fresh capital left it insolvent.

Cosworth Looks for a Buyer

10/22/2012

British high-performance engine maker Cosworth Group is shopping for a buyer after its two American owners announced they want to bow out.

Engine Maker Cosworth Seeks New Owner

10/22/2012

British high-performance engine maker Cosworth Group is shopping for a buyer after its two American owners announced they want to bow out.

Ford Taps New CEO for Credit Arm

10/22/2012

Ford Motor Co. has appointed Bernard Silverstone, a 33-year veteran of Ford Motor Credit Co., to become the finance unit's chairman and CEO on Jan. 1.

Federal-Mogul to Cut Jobs After Third-Quarter Loss

10/22/2012

Federal-Mogul Corp. swung to an $11 million loss in July-September from a $34 million profit in the same period of 2011 as demand fell in Europe for the company's powertrain, braking, lighting and fuel system products.

Fiat Weighs Adding SUV Production at Melfi Plant

10/22/2012

Fiat SpA is rejected the idea of shuttering its car factory in Mirafiori, Italy, Il Messaggero reports, citing a draft of the new business plan the company is set to unveil on Oct. 30.

Fiat Mulls Producing Jeep Crossover at Melfi Plant

10/22/2012

Fiat SpA has rejected the idea of shuttering its car factory in Mirafiori, Italy, Il Messaggero reports, citing a draft of the new business plan the company is set to unveil on Oct. 30.

GM Seeks to Tighten Grip on Korean Unit

10/22/2012

General Motors Co. has made an informal offer to buy the Korea Development Bank's 17% of GM Korea for an unspecified price, Reuters reports.

Valeo Hikes Quarterly Sales 7%

10/22/2012

French supplier Valeo SA boosted revenue to €2.8 billion in the third quarter of this year from €2.7 billion in the same period of 2011.

Report: Biodiesel Cuts Some Emissions, Raises Others

10/22/2012

A 20% biofuel blend can reduce a diesel engine's smoke and regulated emissions.